>We could see a return of manufacturing to the US which leads to continued employment in US labor for while also meaning that labor force gets paid much less.
Interesting! Why is it happening? Shouldn’t labor earn more in this scenario?
Depends. Manufacturing in the US implies high automation. For those who maintain the machines there is a lot of money, but there are far less jobs and in turn far less in total in labor.
Though I suspect there is more need for such labor than people who can do the job. Hard to say, but there are a lot of things we haven't automated yet.
Interesting! Why is it happening? Shouldn’t labor earn more in this scenario?