Made in America

 

Switzerland and Luxembourg have the highest labor wages in the world.  The third highest country is the USA.

President Trump wants to bring manufacturing back to the USA in the hopes of making America wealthier and while that may happen, what will definitely happen is that the COST OF GOODS SOLD will increase because of labor costs.

Right now, many of our goods are manufactured outside of the USA in low wage jurisdictions which has the pleasant side effect of keeping our COST OF LIVING low.  However, we still pay other countries to do this and they in turn use our money to build up their militaries so they can, one day, try to defeat us.

To some degree, you want to make in America so that you are not obligated to ONE COUNTRY for critical goods and services, but there needs to be a balance, otherwise, you increase your COST OF LIVING to the point that many people can no longer afford to live like they used to.

Normal growth rates hover around 3% for sustainable economic growth, but wages should also keep up with that 3% but oftentimes they do not because MANAGEMENT sees an opportunity to increase their profit margins.

The average American does not think more than 6-12, maybe 18 months out into the future.  This short-term thinking is hurting us.  We need to be thinking at least 20 years out into the future, maybe more.

For instance, if you save $2.50/day and at the end of the month deposit that money in a Mutual Fund, in 40 years you will have $500,000 and an income of about $400/month/$100,000 or $1,600.

This requires long term thinking (planning).

If you start this savings program at 18 (graduating from high school), you will have that money at age 58.

If a couple does this, they will have $1,000,000 at age 58...  plus Social Security...  plus any retirement or 401K that one's employer provides.

LONG TERM THINKING....

MADE IN AMERICA will hurt you attempt at trying to save money for the future.