Promise by Donald J. Trump to Restore Manufacturing Jobs in America Won't Work

This shift is intended to help Americans who work hard in blue-collar jobs so that it would eventually have a positive impact on the US economy and help working people. The concept of reintroducing manufacturing jobs so that people, not machines, do specified duties to finish production would have a significant impact on the health of the global economy as it stands today. Donald J. 

Trump will be unable to fulfill his campaign vow to bring back jobs that were formerly performed only by humans since that era has passed. This transformation won't seem to be cost-effective, there won't be many people with the necessary high-tech appropriate skills, and the global economy won't be as motivated to go global.

Cost effectiveness is the most important criterion for businesses to succeed, along with attempting to build a fully employed economy. In an effort to generate profits, an increasing number of businesses produce their outputs using the least expensive option. According to Boston Consulting Group, spot welding with a robot in the auto industry costs about $8 per hour as opposed to $25 for a worker. 

This is how cost effectiveness contributes significantly to economic globalization. Companies discover the best answer feasible in the short- or long-term when they have the chance to make goods at a lower cost by employing alternative resources. The key to managing a cost-effective economy has been robotics. Robotics utilization has been revolutionizing our globalized economy for some time and has a rising impact on the manufacturing sector.

The use of robots has shifted, according to analysts, from the massive, expensive machines utilized in previous years in industries like the automotive sector to considerably more advanced robots that are better suited to complete more complex jobs. This increases economic rivalry by essentially giving businesses a foundation to build upon. 

Companies that do not compete with industry innovation risk suffering significant, unfavorable effects since they are not scaling up to competition. The Boston Consulting Group predicts that investments in robots will increase by 2 to 3 percent annually. This annual expansion would be halted if one of the main components of the manufacturing sector were removed, and the presence of blue-collar workers would have an effect on the economy and the level of competitiveness.

In addition to being more affordable, certain manufacturing roles would be hard to fill without high-tech training. Trump won't have much room to fulfill his pledges to restore millions of jobs for his working-class voters on the automated, ultra-efficient shop floors of contemporary industry. Companies would need to spend in training programs to help accommodate workers who require the training for more complicated professions rather than investing in robots to provide them with better returns in the future. Particularly for highly digitalized businesses, the return on training investments would be very high relative to the expenses of robotics, to the extent that it would not even be economically feasible to invest in job-specific training.

Report this Page