RESURGENCE OF THE AMERICAN HEARTLAND
We believe that labor shortages will be the biggest problem these areas face. “If you know someone who can swing a hammer, I can have them on a job tomorrow,” one construction manager told us earlier this year. The question is, how long this will last? This may be happening just because the economic cycle is moving along and finally spreading its reach out to these areas. We’ve been in a recovery phase since 2009. Eventually that growth has to touch areas of the country outside the urban centers, even if they’ll still struggle in relation to more vibrant industries. Or maybe a larger shift is at hand... One in which rising wages in China and more need for skilled and educated workers is moving manufacturing back to the U.S. It’s likely a bit of both. We’ll have to wait and see to be sure. Either way, it’s an opportunity.
MANUFACTURERS PURCHASING MANAGERS INDEX (PMI)
TOTAL U.S. MANUFACTURING SHIPMENTS
school, and became an ophthalmologist.
Dr. David Eifrig worked in arbitrage and trading groups with major Wall Street investment banks, including Goldman Sachs, Chase Manhattan, and Yamaichi in Japan. In 1995, Dr. Eifrig retired fromWall Street, went to UNC-Chapel Hill medical
Today, he publishes a free daily letter on health and wealth that shows readers how to live a millionaire lifestyle. If you’re interested in more ideas like this essay, you can sign up by clicking here.
26 June 2018
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