We'll have more jobs......different jobs! Right here in America.
I can only hope you are right, but they are not the types of jobs you are expecting If the playing field was the same between the USA and foreign countries, I would agree, unfortunately, it is not.
We are 100% headed for global equalization of wages. Other countries have Child labor, prison labor, the ability to just throw 'junk' in the ocean stream and rivers, and pollute the air. They can also manipulate the currency. That is why I say to the Fed, print as much as you can, and pay off all the USA debt.
I buy a TV made in China, and five years later it is junk. The Chinese buy a USA bond, and five years later it is junk. Even trade.
Until we have a tariff on goods and services produced in a way that would be a violation of our laws, and prison sentences for CEOs that allow their companies to subcontract with companies that do, the USA is headed for a service economy. And an economy that is closer to third word than what we have today. It may take 50 years, but we will get there. Look at demographic trends and wage trends, it is plain as day.
I would advise someone to enter the trades, save as much as they can, and get FI as early as possible. Use all of the business tax advantages that are available. Or get a Government job.
There would not be near as much wage disparity if immigration laws were enforced, and visa's were not given to high tech workers. Companies would be forced to train and hire here.
And if you think a company would just move overseas, let them. Just make sure the same tariffs and tax laws apply.
Employees need to be mobile, switching jobs and careers at a whim, to be able to compete. The trades will allow that more than any other occupation.
None of the jobs , the tech, or low skill are ever coming back.
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