By George Leef
Friday, May 30, 2025
The leftists have their slogans designed to attract
supporters, such as “we must save the environment” and “we need to bring about
social justice.” Trump knows how to counter them. He has his own set of
slogans, meant to appeal to a different set of Americans. The one he’s been
flogging all year is the notion that the country will be much better off if
only we can “bring back American manufacturing.” Supposedly, that’s the key to
greater prosperity — making more things, with good, steady jobs in factories. But
that claim is just as empty as those of the left.
In this AIER article, Vance Ginn looks at the state of
manufacturing and employment in the U.S. and finds no reason to think that
Trump’s policies will accomplish anything good.
He writes:
The average hourly earnings in
manufacturing were $35.06, below the overall private sector’s $36.14.
The only reason manufacturing’s weekly pay looks stronger is because factory
workers are logging more hours — not earning higher rates.
This contradicts the popular
talking point that manufacturing offers uniquely “good jobs.” They’re decent,
sure — but not disproportionately better than other sectors. And certainly not
enough to justify government favoritism.
Contrary to popular belief, America still makes lots of
stuff, and many people work in manufacturing. But there is no reason to think
that we need any dirigiste policies to expand such employment.
Rather than blunderbuss trade interference, the policy
moves that would be beneficial are truly liberal ones. Ginn suggests:
·
Cut marginal tax rates on both labor and
capital, especially at the state level.
·
Eliminate crony subsidies that reward political
connections over performance.
·
Deregulate labor markets, making it easier to
hire, fire, and negotiate flexible work arrangements.
·
Expand school choice and skills-based education,
not just degrees.
·
End protectionist tariffs that raise prices for
consumers and penalize supply chain resilience.
Eminently sound advice.
No comments:
Post a Comment