Reshore Production Now: How to Rebuild Manufacturing and Restore High Wages, High Profits, and National Prosperity in the USA

This book discusses the importance of reshoring US manufacturing capability to ensure economic and military security, and the methods used to gain manufacturing supremacy. It emphasizes that if a job can be made sufficiently productive, the per-unit labor cost ceases to be relevant, allowing businesses to pay high wages, realize high profits, and deliver low prices simultaneously. The book also addresses the relationship between the money supply and the velocity of money to prices, wages, and productivity, and argues that a manufacturing resurgence in the US will increase our standard of living, generate taxable economic activity, and prevent looming recessions and disruptions.

Format: Paperback / softback
Length: 168 pages
Publication date: 08 June 2023
Publisher: Taylor & Francis Ltd

This book delves into the critical importance of reshoring US manufacturing capability to ensure economic and military security. It then explores the proven methods employed by the United States to achieve manufacturing supremacy in the past. The key takeaway is that if a job can be made sufficiently productive, the per-unit labor cost becomes irrelevant, allowing businesses to pay high wages, realize substantial profits, and offer low prices simultaneously. The focus shifts from high wages versus cheap labor to efficiency versus inefficiency, particularly when automation is involved. Readers will be able to apply these principles quickly to achieve tangible results.

Meanwhile, the relatively low Federal minimum wage has become a significant concern. However, inflation soared in the second quarter of 2022 due to higher wages, increased demand for goods and services, and a mismatch in productivity. The book examines the relationship between the money supply and the velocity of money to prices, wages, and productivity.

A manufacturing resurgence in the United States has the potential to significantly improve our standard of living and generate taxable economic activity that can help reduce rather than increase the Federal debt. Higher productivity also leads to a greater supply of goods, offsetting inflation and preventing potential recessions and disruptions.

Weight: 360g
Dimension: 178 x 254 x 14 (mm)
ISBN-13: 9781032445397