Wednesday, August 24, 2022

U.S. jobs are coming back

With plenty of caveats.
Thanks, Joe Biden! The Wall Street Journal is reporting that U.S. companies are moving nearly 350,000 overseas jobs back to the United States this year—a new record—as companies become a wee bit more wary about chasing cheap labor overseas and look to move infrastructure a bit closer to home. Again: Thanks, Joe Biden!

I'm kidding, mostly. The ability of presidents to shift global economic patterns is marginal at best, and business trends 18 months into a presidency may still likely be the result of corporate decisions made even earlier. There's really only one way for a U.S. president to dramatically reconfigure worldwide capitalism in a short period of time, and that's to screw something up to near-apocalyptic levels. To so botch world markets that they're on the brink of collapse. So what we really should be saying here is: Thanks, Donald Trump! - Daily Kos

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