How the Fed’s Money Printing Broke American Industry
Sat 11:48 am +00:00, 25 Oct 2025One table says it all
Look who is at the bottom of the list
And China’s increasing use of robotics will probably drive their cost DOWN
Average Fully Loaded Manufacturing Wages Per Hour in 2024:
- Vietnam: $3.50
- India: $4.50
- Mexico: $5.00
- China: $6.00
- S. Korea: $20.50
- Canada: $22.00
- Japan: $28.00
- UK: $30.00
- EU-27: $32.50
- USA: $44.25
Well, for crying out loud! What’s the mystery?
The USA has priced itself out of the global manufacturing market, which is exactly why America has been running chronic and massive trade deficits that reached the staggering annual level of $1.2 trillion in 2024. Indeed, the collapse of America’s trade balance has been relentless over the last 30 years, with the deficit rising by 10X, from $10 billion to $100 billion. Per month!
And, no, POTUS, foreign trading partners did not suddenly turn into ever-worsening unfair trade cheats in the last three decades. The cause of the plunging line below is domiciled on the banks of the Potomac, not in foreign capitals.
