Proponents of a minimum wage increase say it will not affect jobs, corporations or small businesses adversely. Well, I suppose that a slight increase in minimum wage wouldn’t and it might keep the masses happy, but it won’t be a net positive, every little increase will affect businesses, profits, capital investment and jobs. Let’s talk a little bit about economics 101 and then let me light a fire under your rear with a robotic future reality if minimum wage increases are too drastic.
Offshore manufacturing can make better sense if the overseas company is located close to where they have a bigger percentage of the target market. For instanceFind Article, Japanese automotive companies like the makers of the Toyota car are setting their manufacturing plant in America where they have a huge market while they export other units home and to the rest of the world.
You see, there was an interesting article in Business Insider Tech News titled ”Foreign robotics companies find success in China,” written by Jonathan Camhi published on September 22, 2015 which stated:
In addition to cost efficiency, high-tech training for certain manufacturing jobs would be very scarce to come by. The automated, hyper-efficient shop floors of modern manufacturing won’t give Trump much room to deliver on his promises to bring back millions of jobs for his blue-collar supporters. Instead of companies investing in robots to give them better returns in the future, they would have to invest in training programs to help accommodate workers that need the training for more complex jobs. Specifically, for more digitalized companies, the margin for investing in training compared to that of robotic costs would be very high, to the point where it wouldn’t even make much sense to invest in job-specific training.
One of Donald J. Trumps biggest promises during his 2016 Campaign was that he would bring back outsourced jobs for the people of the United States economy. This is one of the major reasons why American people voted for Mr. Trump in the Primary. Specifically, manufacturing jobs would cease production and plants would be made to run and operate in the United States. This transition is aimed towards the blue-collar hardworking Americans to, in the long run, positively affect the United States economy and benefit the working people.