100% agree with this. Though I don't know enough to agree that the alleged "shortages" are anything but a low pay ruse. On the medical front it does appear that there are shortages.I wish you would come around here more… one of the best posts ITT.
Connecting the dots with other statements and arguments that I’ve made in regards to manufacturing… we don’t want all of these jobs. If people are seeking cheap labor in India, Indonesia, etc. for offshoring, much of that is NOT high value work. Given the labor situation and demographic trends, America ought to be focused on the high value side of the economy, both in regards to manufacturing and services.
Compete on ingenuity, IP, design and development, etc. for high value applications there is plenty of margin (SaaS, medical devices, biotech, pharma, A&D).
I think the reshoring strategy is stupidity at its finest. We are going to start competing with Vietnam and Bangladesh for manufacturing widgets and t-shirts? I want free trade and a low labor supply. And let's outcompete on the high tech side and raise wages. But our corporate overlords won't agree.