Value Goods News Today

To china right now with these negotiations, our potential tariffs, are we going after right things? because i havent heard much about ai. >> no, you havent heard much about ai. i guess the problem with that statement by larry summers is how do we define winning? does winning mean we go back to making low margin items in america? maybe it does. maybe for the men and women who have lost their jobs, making t-shirts and socks and stuff like that, is winning. i dont know. the risk for china and us go...

Look at the peak in 1979. we employed a little better than 19 million people in manufacturing. today there are still close to 12 million americans in manufacturing. so we do make stuff. but whats the kind of stuff were going to make? we cant compete with low-cost labor, where benefits and working conditions are not as good in china. but we can make higher value goods. and thats what we should think about. the other thing, lets think about this. as oil prices go up and it gets expensive to ship h...