WASHINGTONPOST (Peter Jamison) - The last day of an American factory
A Trump donor called for an end to offshoring. Then his company moved much of this plant’s work to China.
A Trump donor called for an end to offshoring. Then his company moved much of this plant’s work to China.
Professor Penn opens with Ayn Rand’s warning that a society is doomed when corruption and political favors become more profitable than honest production. He examines America’s massive AI expansion, the nuclear power required for new data centers, and the conflict between technological growth and the Left’s green-energy agenda. The episode traces the divide between America’s agricultural and industrial interests, explaining how globalism, financialization, and offshoring devastated workers and communities. Professor defends Mike Lindell against Republican attacks over his financial difficulties, arguing that entrepreneurship requires risk and that honest business failure is not corruption. He then explores President Trump’s…
By Monica Showalter Compared to California under leftist rule, Atlanta is nice this time of year.
Data: Bureau of Labor Statistics; Note: Core white-collar is the sum of employment in financial activities, information, and professional and business services sectors; Chart: Neil Irwin/Axios The market for many types of white-collar professional workers is bad . The overall U.S. job market is pretty healthy . There is less of a contradiction here than it might seem. The big picture: These are gloomy times for many office workers — their employers shedding payroll, their livelihoods threatened by AI. But the jobs seemingly under the greatest threat right now amount to a small share of overall employment. - Moreover, it isn't historically unusual for major sectors of the economy to shed jobs even as the overall labor market remains…
'time for this offshoring to end'
Skyrocketing budgets and falling profitability have driven a new form of offshoring, with U.S. producers staging shows across the Atlantic.