Before the industrial revolution in “early America” small business is all that existed. “Mom and pop” retail, the inn and restaurant hospitality industry, “manufacturing,” before large corporations and big government, nearly 100% of “jobs” were created by entrepreneurship and small business.
To this day, the “best” economy and certainly the biggest economy in the world is 60% entrepreneurial and “small business.”
And yet, after a lonnnnng season of “outsourcing” to overseas providers of $30 per week labor, instead of US $30 per hour–40-50x labor costs–to be competitive on the world and domestic stage (understandable at the time) the market is changing. Covid and wars revealed US weaknesses in its relatively new economic season, as a service and consumer-based economy.
Here, below, there is the strategy for the comeback. Sure, it takes awhile to build the infrastructure and training, while incorporating the co-bots and AI to be ultra-productivity per capita competitive. And yet, don’t underestimate or politicize or trivialize the essentiality of this maneuver of rebuilding the manufacturing sector.
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Chad Stroud
>$620 billion is flooding into US manufacturing.
Here’s exactly where it’s going.
This updated infographic maps the landscape of manufacturing “megaprojects”, which are massive investments of $1 billion or more that are reshaping the national economic landscape.
From electric vehicle gigafactories to cutting-edge semiconductor plants, these transformative projects represent a fundamental shift in America’s industrial strategy.
They hold the promise to create thousands of high-quality jobs, strengthen domestic supply chains, and position the United States at the forefront of emerging industries.
Exciting stuff!
Thanks to Jeff Winter for collaborating on this analysis and helping bring these insights together.
P.S., Here is a link to the dashboard of actual projects and sources for the map: https://lnkd.in/e5HrpqhX
