The ONLY ones to benefit are the entrpreneurs / rich business owners (often who get vast taxpayer subsidies) and those running / working in poorer nations who build most of the components and often the entire product.
Capitalism in a nutshell...
The stuff I heard yesterday was about jobs going to America, possibly because their government is giving incentives. Where in the DT was China fingered?
Who do you think makes all the sub-components in EVs? It ain't firms in the US. They *may* assemble them, but as I've said before, the market for EVs are FAR smaller than that for ICE vehicles, and thus they don't need so many staff anyway.
That most of the sub-components of the 'engines' are likely designed and made in China, etc just makes it even worse. Just like PC manufacturers assemble only and make almost no components themselves in the West, even Dell.
I would also point out that it was President Trump that 'incentivised' Ford to bring jobs 'home' by threatening to put or actually putting trade tarriffs on competing nations that use lower wage labour (Mexico in the case of Ford, and China with many other things), and lo and behold the jobs or the money to subsidise jobs came back to the US. Did Biden reverse this policy?
High tech will never get equal numbers of jobs in the West unless all countries are equally wealthy with plentify energy, and thus there's only two scenarios - jobs go to the cheap labour nations, or we put trade tarriffs on them/firms to subsidise them here. Or we stick with ICE and only changeover organically - why? Because the world won't be ending if we don't go net zero by 2030. We will go bankrupt (apart from the ultra-wealthy though) if we do.
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