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Another myth-busting article by Michael Hicks! In this age of partisan warfare, it’s vital to share a common set of facts.
I agree with both columnists. The comparative advantages envisioned by Adam Smith have been fiddled with by governments. Environmental regulations, lack of “right to work” laws, restrictions on capital investment %s, local content rules, and intellectual property protections (or not) have all mattered to manufacturing. China and India have used these tools to their own advantage. Tariffs have been used regularly to bring manufacturing capacity in or to keep it out. Employment has moved away from agriculture and manufacturing due to advances in technology that we enjoy. Services remain an essential need for headcount, and we are shorthanded. Bringing back “good manufacturing jobs” at scale is not in the cards by the 1960s definition. Many other opportunities are key in the supply chain and “making stuff better” is what we do with our strengths at science and engineering. Robots need jobs too and they might as well be our robots. Healthy global trade should discourage wasteful wars and at least not encourage them. “Fair” is a good word in this context. Indiana has a vigorous manufacturing climate. Let’s keep LEAPing.