How is this possible? Automation. These plants aren't creating US jobs and increasing wages, they're simply creating more wealth for corporations which they would have done anyway overseas. And since Samsung is a Korean company, the wealth is being created in Korea, not the US.
> We need to onshore more.
Simple solutions to overly complex problems is not the answer.
First, manufacturing output has steadily increased since the 90s. https://fred.stlouisfed.org/series/INDPRO
Second, the number of manufacturing jobs have steadily declined since the 90s. https://fred.stlouisfed.org/series/MANEMP
How is this possible? Automation. These plants aren't creating US jobs and increasing wages, they're simply creating more wealth for corporations which they would have done anyway overseas. And since Samsung is a Korean company, the wealth is being created in Korea, not the US.