Reshoring Production

This book makes the case that bringing manufacturing back to American soil is essential for both economic strength and national defense. It looks at the methods the United States originally used to become the world's leading manufacturer, and treats those methods as a practical guide for rebuilding that capacity.

The central argument is that once work is made productive enough, the labor cost of each unit no longer determines competitiveness. Employers can then pay well, earn solid profits, and still charge low prices. The real competition is between efficiency and waste, and where automation is involved, it becomes one machine against another rather than cheap foreign labor against higher-paid domestic workers. The principles are presented so that readers can apply them quickly and see measurable improvements.

The author also examines the federal minimum wage, which is relatively low and has become a major point of debate. He explains how inflation surged in the second quarter of 2022, when wages and demand for goods and services rose faster than productivity. The book further explores how the money supply and the velocity of money affect prices, wages, and productivity.

A revival of manufacturing, the author argues, would substantially raise living standards and create taxable economic activity that could reduce rather than add to the federal debt. Greater productivity would also supply more goods to match higher wages, easing inflationary pressure and potentially helping to avert looming recessions and other disruptions.