President Joe Biden proposes to subsidize with federal tax dollars the manufacturing industry under his American Jobs Plan to “maintain our competitive edge.”
Article by Elizabeth Hanke from Daily Signal.
The proposal would cost American taxpayers about $300 billion and would specifically aid small and minority-owned businesses, tribal communities, and rural areas.
The manufacturing industry in the United States has declined for the past 40 years and currently stands as one of the most rapidly declining industries in terms of wage and salary employment.
Biden’s plan to inject billions of dollars into that industry would not give the United States a “competitive edge,” but instead would waste taxpayer dollars unnecessarily.
A component of Biden’s manufacturing plan is to “make it in all of America,” which allocates $20 billion to regional innovation hubs to support infrastructure and enhance productivity across the United States. The expansion of manufacturing under this plan would be economically inefficient, and do little to actually raise worker productivity.
For instance, most American firms have virtually no incentive to remain in the United States due to rising operating costs.
Government-imposed barriers, such as higher corporate taxes, ultimately make it more expensive to operate a business in the United States. That also includes higher labor costs and subsequently higher prices for the consumer as firms will need to pass along increased labor and production costs to stay afloat.
If Biden really wants to help the manufacturing industry, he would reduce taxes and create a friendly and open business environment that benefits firms, workers, and consumers alike.
Regardless of the amount of manufacturing subsidies provided by the federal government, higher corporate taxes would further discourage firms from operating in the United States.
In addition, China and Mexico have significantly lower operating costs compared with the United States. In fact, Chinese labor is reportedly one-sixth the price of American labor. The choice seems quite simple from the firm’s perspective: Limit domestic manufacturing and operate where it’s most efficient.
Instead of blindly allocating billions of dollars to the manufacturing industry through federal subsidies, Biden should recognize that the decline in the manufacturing industry is not a loss. It’s a positive indicator that American firms and workers are becoming more productive.
Technological growth and the style of work has been constantly changing since industrial times. Many economists point to automation and technology as key factors that have led to increased manufacturing output and enhanced labor productivity. That rise in productivity will naturally lead to a growth in real wages.
Within the past several decades, technology has essentially shifted the manufacturing industry from low-skilled to high-skilled labor, contributed to job creation, and created greater job diversity. Technological growth has led to high-skilled manufacturing jobs in engineering and in research and development.
Through technology, specialization, and advanced forms of production, the United States can continue to shift manufacturing away from low-skilled employment.
Subsidizing the manufacturing industry counteracts the progress American firms and workers have already made by frivolously spending taxpayer dollars on that declining sector of the economy.
Biden’s plan does not serve Americans’ best interests and is simply the wrong approach to move America forward.
‘The Purge’ by Big Tech targets conservatives, including us
Just when we thought the Covid-19 lockdowns were ending and our ability to stay afloat was improving, censorship reared its ugly head.
For the last few months, NOQ Report, Conservative Playbook, and the American Conservative Movement have appealed to our readers for assistance in staying afloat through Covid-19 lockdowns. The downturn in the economy has limited our ability to generate proper ad revenue just as our traffic was skyrocketing. We had our first sustained stretch of three months with over a million visitors in November, December, and January, but February saw a dip.
It wasn’t just the shortened month. We expected that. We also expected the continuation of dropping traffic from “woke” Big Tech companies like Google, Facebook, and Twitter, but it has actually been much worse than anticipated. Our Twitter account was banned. Both of our YouTube accounts were banned. Facebook “fact-checks” everything we post. Spotify canceled us. Medium canceled us. Apple canceled us. Why? Because we believe in the truth prevailing, and that means we will continue to discuss “taboo” topics.
The 2020 presidential election was stolen. You can’t say that on Big Tech platforms without risking cancellation, but we’d rather get cancelled for telling the truth rather than staying around to repeat mainstream media’s lies. They have been covering it up since before the election and they’ve convinced the vast majority of conservative news outlets that they will be harmed if they continue to discuss voter fraud. We refuse to back down. The truth is the truth.
The lies associated with Covid-19 are only slightly more prevalent than the suppression of valid scientific information that runs counter to the prescribed narrative. We should be allowed to ask questions about the vaccines, for example, as there is ample evidence for concern. One does not have to be an “anti-vaxxer” in order to want answers about vaccines that are still considered experimental and that have a track record in a short period of time of having side-effects, including death. One of our stories about the Johnson & Johnson “vaccine” causing blood clots was “fact-checked” and removed one day before the government hit the brakes on it. These questions and news items are not allowed on Big Tech which is just another reason we are getting canceled.
There are more topics that they refuse to allow. In turn, we refuse to stop discussing them. This is why we desperately need your help. The best way NOQ, CP, and ACM readers can help is to donate. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well. We are on track to be short by about $4100 per month in order to maintain operations.
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