Value Goods News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To china right now with these negotiations, our potential tariffs, are we going after right things? because i haven't heard much about ai. >> no, you haven't 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 don't know. the risk for china and us going forward is right now china is primarily, not entirely, but primarily a producer of mass produ...

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 what's the kind of stuff we're going to make? we can't compete with low-cost labor, where benefits and working conditions are not as good in china. but we can make higher value goods. and that's what we should think about. the other thing, let's think about this. as oil prices go up and it gets expensive to ship heavy items like steel around the world, there may not be that much of an advantage to manufactu...