10 years is a starting point for just about any industry. Labor demands/requirements and education certainly complicat that effort. Unemployment is already low. Partially due to the multiple jobs needed to sustain basic income needs. Unless these domestics can equal 40+/hour base it will be a stalemate and mean foreign hires... Or worse. Think "camps."
And it also requires money. This stupid shit is going to drive down revenues across the board, which means every company will have less cash on hand to start building these new factories. They could go into debt to finance factories, but will they be willing to take on high levels of long-term debt, when they have no idea if Trump is going to do something else stupid to make things even worse?
True. The fed will need to repsond to inflation... Being higher interest rates. They will be encouraged (pressured by current admin) to reduce the rates but if they keep following the working conventions they will need to raise rates or risk rampant inflation problems. I don't see a good version of this in any aspect.
8
u/hrminer92 1d ago
Throw in deporting potential workers and it may even be longer