Maybe Trump doesn’t understand that a smart new factory with literally zero workers creates more America jobs and economic growth than a 100-year-old dumb factory with 1,000 workers? It is counter-intuitive. Trump’s been brainwashed by this old economic myth started by Democratic intellectuals like Robert Reich, former Secretary of Labor for President Clinton, who’s still a popular TV personality. Reich wrote this Forbes article (below) seven years ago in 2009!!!
Will President-elect Trump invest $2 trillion to $3 trillion in a Trump-size economic stimulus plan to pump up U.S. manufacturers or allow a fast-track Corporate Tax Reform plan speeding through Congress invest $300 billion to $450 billion of repatriated corporate wealth in a new Infrastructure plan to fix the nation’s roads and bridges. However, Congress’s plan would also then fast-track the remaining $2 trillion to $2,5 trillion to make Wall Street fast money men richer with this massive tsunami of wealth that they can then use to restructure and destroy what’s left of America’s midsize manufacturers?
The aim is to make factories more productive, less costly to operate and more reliable. Here’s a paradox of America’s highly automated, increasingly labor-independent manufacturing: While sophisticated, for the most part, it isn’t all that high-tech. I’d thought, based on all the industry chatter about the “industrial internet,” that we were pretty far along in this process. But that turns out not to be the case.
The Fourth Industrial Revolution: What does it mean? How should business and world leaders respond? The venerable 2016 World Economic Forum addressed those huge questions re-shaping business, government and civilization today. Klaus Schwab, founder and chairman of the forum, provides profound answers in a superbly written article summarizing the major presentations by world leaders including VP Biden about this…
CEOs meet at Chief Executive’s 4th annual Smart Manufacturing Summit, on April 6-7 2016, in Milwaukee, Wisconsin to discuss key strategies, tactics and opportunities in 21st Century manufacturing revolution.