Can the United States revive its manufacturing industry?

President Trump signed executive orders aimed at boosting coal production to help revive U.S. manufacturing jobs following international tariffs. NBC News’ Yasmin Vossoughian reports on whether a manufacturing renaissance is possible.

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#coal #trump #tariffs

[andysfavoriterecipes]

Can't wait to make shoes for $2/hour

[michaelmejia]

No, because most American citizens don’t want to work 40-50 hours a week using physical labor in a factory when they can get the same salary working behind a computer in an air-conditioned office building or remotely from home!

[MikeShaldjian]

They want a 2 class economy. The wealthy and the cheap labor factory workers 😢

[tylercampbell]

Old people are trying to retire young kids don't want to work 40 hours a week to be broke

[noble]

1:25 On average, US manufacturing workers make $35/hr. That’s $72, 000 a year.
We can be sure this won’t be returning to the US.

[amirhamedani]

Ask yourself this: think of everyone you know between 18-35(representing viable workforce) now tell me with a straight face how many will put in 40-50 hr/weeks in a factory! There is your answer.

[NeilRamsay-qz]

Lol, you think Americans will work in factories again. You are kidding yourselves.

[ricnyc]

If you think the prices won't go up... Take a look a these numbers:

"The average factory worker salary in the US is around $35, 075 per year, equivalent to $17 per hour."

"In Mexico, a factory worker's average annual salary, converted to USD, is roughly around $23, 154."

"The average annual salary for a factory worker in China is roughly 58, 529 yuan (approximately $8, 100 USD)."

"The average annual salary for a factory worker in India, converted to USD, is roughly $2, 400 to $5, 200."

[fueledgaragetv]

We are all too spoiled to go back to the way it was. We are addicted to buying stuff, not necessarily what we need.

[LasonAnthony]

US manufacturing's revival is complex. Tariffs and orders are insufficient. Past factory closures raise concerns about the future of similar industries.

[ack]

Dude those manufacturing and job creations are not for human. It will be robot. that means all benefit will be going into the rich. It's all about the rich, how to make them even richer.

[HabiboMelzig]

I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.

[FAFOTYVM]

No board is going to allow any investment in US manufacturing right now.

[WarChild-gr]

Probably not, because of minimum wage. In Mexico they pay people almost nothing to assemble cars.

[Bellg]

Why would a kid out of high school go to become a manufacturer worker instead of an influencer 😂

[JackFlaps]

I`m 77 years old and remember being told I had to get a college degree so I wouldn`t have to spend my life working on an assembly line in some low paying factory.

[pzak]

I dont want to work in a factory or pick strawberries.

[Xi-opgg]

Fired federal workers can fill the factory position? What has he been smoking?

[thyjackal]

if the jobs come back, it will be done by robots. A $5000 robot arm replaces a person, and the arm doesnt even need a benefits package.

[jbluck]

Where will you find millions of young American workers willing to work in a factory for minimum wages and 50-60 hrs a week? Maybe millions of retirees and millions of new immigrants . This is not 1940-1980. All the politicians should send their kids to work in the factories as a good example