You may be able to bring manufacturing back, but most of those jobs are lost forever.
I love this, and to add; even if
manufacturing jobs were to return to the United States, it is not as if those jobs are guaranteed to be profitable, or to produce goods that consumers will be willing to pay a premium for.
So, instead of speaking about jobs, why not speak of wages;
The Commerce Department also said total wages and salaries last year amounted to $7.1 trillion, or 42.5 percent of the entire economy. That was down from 42.6 percent in 2012 and was lower than in any year previously measured. Including the cost of employer-paid benefits, like health insurance and pensions, as well as the employer’s share of Social Security and Medicare contributions, the total cost of compensation was $8.9 trillion, or 52.7 percent of G.D.P., down from 53 percent in 2012 and the lowest level since 1948.
If our wages are actually falling, then more and more of us will not be able to fly. This certainly seems like something that someone at Boeing would notice, when running a market anaylsis.
Shall we compare the wage rise in China, during a similar period?
Lu Ting, a Hong Kong-based economist for Bank of America, said in an e-mail that he sees wage growth of 11 percent this year after an estimated 10.7 percent gain in 2013. JPMorgan Chase & Co. and Mizuho Securities Asia Ltd. analysts said in interviews that they predict 10 percent to 15 percent increases.
China’s ruling Communist Party is pushing for pay increases to retain public support and to accelerate the nation’s shift away from polluting and capital-intensive manufacturing to a more services-driven economy. In minimum-wage increases so far announced for 2014, workers in Shenzhen in Guangdong province get a 13 percent boost and the gain for those in Yangzhou, Jiangsu province, is 15.6 percent.
The same market analyst will look upon these numbers and rightly deduct that the wage growth in China, with growth in such high numbers, and with such a massive population, will only see a larger aggregate need for aircraft over the long-term. Does that mean that the US market will need no aircraft? Not at all. Prior to Trump's statements, Boeing could happily live in a World where it could serve both. Now, the can do exactly what Trump said that his victory would defeat - they will realize that missing out in the Chinese market is simply foolish, and greater partner with Chinese companies (albeit covertly, or at least not publicly). The Chinese market is frankly too large, important, and profitable to ignore. Instead of empowering high-paying, high-skilled and highly-asset American workers, already employed in the U.S., and proudly American - we will threathen their jobs, with rhetoric that he will never fully be able to actually realize.
In the meanwhile, Airbus will see increased sales (if only to spite us), indigenous products will see a rise (and an increasing push towards a 'buy local' campaign to further stimulate GDP), and Russian products will become more palatable. Hell, at this point, even Bombardier might be smiling.