On Wednesday, Zero Hedge reported that American manufacturing jobs in November saw their biggest losses since June 2023.

The article includes the following:

The article also reports:

Worse still, wage growth starting to rise again (after unions scored huge wage increases).

• • Job-changer wage growth rose to 7.20% YoY  from 6.70%, highest since August.
  • Job-stayer wage growth 4.80%, highest since June; year-over-year pay gains for job-stayers edged up for the first time in 25 months

Although wage growth is good for workers, when wages outpace workers’ value, companies either relocate to other countries or decrease the number of workers. I was in a store yesterday that I hadn’t been in for a while and all of the check-out registers were self-serve. When wages outpace productivity, that is the result.

There are a number of ways the Trump administration can work to solve the ongoing loss of manufacturing jobs without impacting workers’ wages. Cheaper energy cuts the cost of manufacturing, deregulation cuts the cost of manufacturing, and lower taxes on corporations will also bring manufacturing back to America. Tariffs will also discourage companies from moving out of the country. We can bring manufacturing back to America, but it will take someone who understands economics to do that. I believe President Trump understands economics.