The Price of America’s New Factory Boom

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7 ай бұрын

America’s factory boom is bringing billion-dollar projects to tiny towns like Bryant County in Georgia where a 7.6 billion dollar Hyundai factory is about to transform the area. Across the US, spending on the construction of manufacturing facilities reached $198 billion on an annualized basis in August, an almost 66% increase from the previous year and the highest level since the Bureau of Economic Analysis began tracking the data in the 1950s.
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Пікірлер: 854

@aleonyohan6745 7 ай бұрын

I installed a chiller at a Mercedes battery plant in Alabama. Gorgeous Factory. The workers are making $30 an hour plus. This is a huge Boom for the local economy.

@Szcza04 5 ай бұрын

But they don’t know if they need it smh

@philipmccready7090 7 ай бұрын

The last time the American economy built factories at this speed was World War II and the 1950s.

@Szcza04 5 ай бұрын

Build back better

@lookoutforchris 4 ай бұрын

@@Szcza04sounds a lot like make America great again.

@gregoryturk1275 4 ай бұрын

@@lookoutforchrisNot really also make America great again is quite a vague comment

@choncha23 4 ай бұрын

@@Szcza04 The deal started with Trump scrapping NAFTA and creating a new agreement. Then Biden forced a lot of manufacturers to leave China and many moved to Mexico. So both Presidents get credit here.

@rapidsqualor5367 3 ай бұрын

Build it where you sell it. Now we need a workforce and a education system that responds to what business needs.

@jarjarbinks6018 7 ай бұрын

New factories should be built with freight rail network connectivity in mind as well as commuter rail if the town happens to be located in a metro area comprised of a larger city This allows for more resilient development to be built that can withstand economic downtowns. The alternative is sprawling outwards to accommodate more people which can’t be maintained when there’s a shortage of funds. My city went bankrupt from that model

@BatMan-oe2gh 7 ай бұрын

Which city, and which factory was built nearby.

@navyseal1689 7 ай бұрын

Was it Detroit? I think only city in US ever filed for bankruptcy

@philippenight2421 7 ай бұрын

Yeah I doubt a car factory will have any interest in promoting non-car transit lol

@Pernection 7 ай бұрын

Where now? The ghettos?

@mishkosimonovski23 7 ай бұрын

Detroit has a lot of old industrial space, train lines.

@DagaenGolomb 7 ай бұрын

Change the zoning so it doesn't need to be all single family, detached housing on large lots with non-native grass yards. Let people CHOOSE, instead of forcing the status quo.

@user-zp7jp1vk2i 7 ай бұрын

Famed Canadian Arthur Erickson states in his seminal speech in the early sixties: We do NOT want to emulate the American experience of distant housing blocks and having to pave more and more highways to get people in/n/out of the cities. And for the most part, we didn't. Americans need to visit cities that work and not be afraid of doing something different.

@farzana6676 7 ай бұрын

@user-zp7jp1vk2i Lol no thanks. We don't want to live like sardines in a tincan.

@alanmay7929 7 ай бұрын

Exactly! In Europe for example multiple story buildings have business/offices at the bottom and apartments on top at all places and there are also multiple family houses....

@stix562 7 ай бұрын

And in Europe they have really small places to live in. They might like that. In Europe they put criminals in jail and don't feel bad for people stealing less than $1000 dollars. Europeans are also pretty homogenistic societies and not to welcoming of other cultures. Like Canadians are pretty homogenistic too come to think of it. Hmmm should we try to be like them?? I think not. We can be better but we don't have to one size fits all.

@DagaenGolomb 7 ай бұрын

@@stix562 The majority of Americans live in urban areas. Thinking that the majority of America is rural and everyone wants land is a complete myth. Maybe Americans should have smaller spaces to live, most are buying far more than they need.

@BOOMER751 7 ай бұрын

One of the main reasons for all these foreign automakers to settle in the south is because of the low rate of unionization compared to the rust belt.

@FutureProspect24 7 ай бұрын

Wow that’s a great point nobodies talking about. Love to hear more on this

@user-jz7ny1qc6j 7 ай бұрын

Yep, unions are a non-starter for most companies. Not sure whether that says more about how bad worker rights here in the U.S. are, or how much it sucks to have to deal with unions. It would be nice if we had a happy middle ground

@Polack-ml9fh 7 ай бұрын

Yea there’s enough dumb hillbillies there that have no backbone, so they will work for peanuts.

@jsdhesmith2011 7 ай бұрын

And it’s cheaper. Taxes

@ivywoodxrecords 7 ай бұрын

@@jsdhesmith2011 This is the reason. Unions have been largely irrelevant since the 80s although they are making a comeback

@tonyzaffirini7368 7 ай бұрын

I dont understand this. The people of the Savannah area spent years lobbying to have their port expanded to get large shipping from Asia now they are freaking out about an Asian company building a giant factory that is tied to that port?

@coreyleander7911 5 ай бұрын

it's because it's coming from Democrats/Biden. Literally all political.

@BatMan-oe2gh 7 ай бұрын

Never ceases to amaze me that before Trump, these very people were complaining about jobs and loss of manufacturing. Now it's coming back they are all worried that it will grow their little town to much.

@ericeandco 7 ай бұрын

It not the growth, it’s the negative consequences.

@destroyer-tz2mk 7 ай бұрын

I disagree, a housing shortage is a very real and serious concern. Where are all these thousands of new workers these jobs create are going to live?

@BatMan-oe2gh 7 ай бұрын

@@destroyer-tz2mk As it said in the video, one town built apartments and hotels to cater for the workers while houses are built. Proper planning will address those issues and they are already looking at it before the plant is completed. Where do you think the workers building the plant are housed.

@TwilightMysts 7 ай бұрын

A valid point. I still think we need to bring at least some manufacturing back to the US. Or at least rebalance our trade with China. But I am one of those people who hadn't considered how putting a giant factory next to a small town could destroy the culture of the town.

@BatMan-oe2gh 7 ай бұрын

@@TwilightMysts Small towns don't last forever. Eventually business and people move in because the land is cheaper. For the economy to keep moving, there has to be growth and sometimes it affects people and their lifestyle.

@rickjames18 7 ай бұрын

We need to triple and quadruple the industry growth in America and near-shore as well as we pivot away from China. There is a huge need for this and I hope people understand how important Mexico, Vietnam, India and other countries are playing as well. We are just short on time and dangerously at risk with China actively decoupling from the US as well. I don't think people really understand the major changes happening around the world at the moment.

@rightsdontcomewithpermits7073 7 ай бұрын

Yes let's take more from the future to build now. 😂😂 190 trillion of debt and liabilities is not enough. 😂

@Justmekpc 7 ай бұрын

@@rightsdontcomewithpermits7073tell us you don’t understand how a fiat system works 😂😂

@rickjames18 7 ай бұрын

@@rightsdontcomewithpermits7073 So true, let's just keep depending on China as they literally prepare for war. Genius idea for the economy. US debt is high but let's not get silly.

@jamestalbot1647 7 ай бұрын

So you aren’t impressed with Biden policies doubling within a year factory construction?

@chrisoffersen 7 ай бұрын

@@rightsdontcomewithpermits7073Thank you for illustrating this point.

@RajSachdeva 7 ай бұрын

Don’t build single family homes. Build public transportation and urban centers to accommodate new workers. Or keep making mistakes

@bwofficial1776 7 ай бұрын

Not everyone wants to live in the city and ride the bus. Many people want their own four walls and a yard so their neighbors aren't all up in their business. Buses are less convenient than having your own car and you have to share space with strangers.

@analienfromouterspace 7 ай бұрын

Horizontal apartment complexes is the way to go, look at Egypt for example, 3 beds, 2 bath apartment for 100k or less. I personally wont live in duplexes with zero sound insulation and rather own single family homes with minimal grass lot on it.

@DagaenGolomb 7 ай бұрын

@@bwofficial1776 And those people can pay fair price for that choice. Instead of being subsidized like they are now. Also, buses and other transit (or walking, cycling, etc.) would not be as inconvenient if we had real investment in these modes, paired with the density and flexibility of urban areas.

@blainegabbertgabonemhofgoa6602 7 ай бұрын

@@bwofficial1776 can’t have your cake and eat it too. Everyone having their 1 acre lot and each household having 3 cars is not a scalable model. It’s not congruent with economic growth. When you pair that type of land use with economic growth you experience soul crushing traffic paired with insane housing costs.

@user-zp7jp1vk2i 7 ай бұрын

@@bwofficial1776 the world has changed. you just ain't gonna give it up, are you? in fact, living in cities and taking the train is NORMAL and has been for 200 years now. it's the "Merican" consumer dream of regular wage people having a small castle. That time has gone.

@granthawkins88 7 ай бұрын

What an odd framing. This is an absolute success story, and everyone involved is on their toes and adapting. Godspeed!

@nathanjustus6659 6 ай бұрын

I would suspect that Mr. Bloomberg has significant investments in foreign companies, making cars in foreign nations. He is not a friend of the United States of America, nor of freedom and constitutional government.

@garybowler5946 6 ай бұрын

I agree. Bloomberg media hates to see any government adjacent success story so they poop all over it.

@deaddocreallydeaddoc5244 5 ай бұрын

The Biden Admin and the brilliant backers have not built one, single EV charging station. No plan for supplying the electricity demand has been undertaken. There isn't even copper in the world available to produce the number of cars required to meet the numbers required by the Global Warming requirements. This is a cart before the horse that will end with us all using nothing but horsecarts!

@christopherpearson8637 3 ай бұрын

What's odd is your comment.

@steeldriver5338 3 ай бұрын

Not necessarily, no. I was born and raised in a rural area, rapid development isn't always a great experience. There can actually be numerous negative aspects of it.

@nickns732 6 ай бұрын

Companies: look at all this cheap land and low taxes! Also these companies: why is there no infrastructure to support my business!

@adamsterdam9049 7 ай бұрын

build more dense housing ffs

@scottforrester5306 7 ай бұрын

It seems the issue is in part they just dont have the infastructure in the first place. Things like sewage capacity and water being the key ones, although I would assume the lacking of major roads and electricity production are also an issue.

@bwofficial1776 7 ай бұрын

Not everyone wants to live on top of their neighbors. Many people want their own four walls and a nice yard.

@shoopddawhooped 7 ай бұрын

"But But But More Housing in my area drops my property-value Wahhhh" Quoted from the Boomers who control the City Hall.

@adamsterdam9049 7 ай бұрын

@@bwofficial1776 Not everyone wants their own four walls and a nice yard. Many people want to live on top of their neighbor.

@DagaenGolomb 7 ай бұрын

@@bwofficial1776 You can have your own 4 walls and a yard without being a fully detached on acres.

@emilealpha2392 7 ай бұрын

Seeing a small southern business be so welcoming by saying I gotta learn Korean was such a fresh breath of air. Were all human

@hazare535 7 ай бұрын

Covid taught world not to depend on one country for everything 😂

@user-jz7ny1qc6j 7 ай бұрын

Partly, for sure. It definitely stung, as a U.S. citizen, when you realize that you're buying masks from the country where COVID was first released into the wild 😂

@okaydude2863 7 ай бұрын

Not just COVID

@doujinflip 4 ай бұрын

Efficiency and resilience are competing interests: "wasteful" redundancy and "uneconomical" alternatives immediately becomes vital when the one source gets disrupted.

@benkempf 7 ай бұрын

There's no such thing as "government dollars." That's taxpayer money. Get it straight.

@Sjalabais 7 ай бұрын

Honestly, I trust Hyundai more to follow all relevant legislation than any of the formerly entrenched big three automakers. Savannah will be better off for it, and Hyundai/Kia lead the EV market currently, so the region will be at the forefront of a change that needs to happen.

@rightsdontcomewithpermits7073 7 ай бұрын

😂Kia that could not even put a cheap simple immobilizer. 😂sure.

@miraphycs7377 6 ай бұрын

bruh hyundai hired child laborers

@tristanlong7 6 ай бұрын

I don't think EV will be the future. On the brightside though. That factory will be able to produce ICE cars as well. So this is an absolute win for the future. I wish the big three would care more about Americans.

@JohnLee-db9zt 5 ай бұрын

@@rightsdontcomewithpermits7073Numb nuts like you don’t even realize Kia fixed the problem. Car manufacturers especially American have done far worse.

@brunopadovani7347 5 ай бұрын

@@tristanlong7I wish the Big Three AND the UAW cared more about Americans.

@DistrustHumanz 7 ай бұрын

Most Americans are ignorant of the fundamental necessity of water and sewer BEFORE building housing. The fact that they would build these houses prior to water and sewer solutions is mind-blowing.

@BatMan-oe2gh 7 ай бұрын

It said in the video they were expanding the wastewater plant. And that can be recycled back into drinking water.

@rameshpudhucode6862 7 ай бұрын

I didn’t know idiots who can’t comprehend are allowed to comment

@TonyTrunzo 7 ай бұрын

Joe has a plan for you... THREADS

@seanthe100 6 ай бұрын

You're just as ignorant if you really believe this is the case. I've worked in site development water and sewer are literally the first thing being built. Nothing would be approved if the water infrastructure couldn't withstand it.

@Vincent_de_Paul 4 ай бұрын

*Americans are ignorant!* Instant thumbs up without verifying the accuracy 😂

@OrionsKelt 7 ай бұрын

People that deny progress because “nOt In MuH BaCk YaRd” were probably hall monitors in school.

@capitalismisdivisionofevil8322 7 ай бұрын

Progress that is destructive and promotes greed and labor exploitation is criminal behavior/!

@renecomedy 7 ай бұрын

This is so exciting and educational! One often forgets about how much infrastructure needs to be built around industry! I hope those neighborhoods the best!!

@michaelayeni177 7 ай бұрын

I never thought that conservatives become environmentalists as soon as thier lands (not just urban areas now) are augmented.

@user-yv4gg7jb2f 7 ай бұрын

🤣🤣🤣 The funny part about is they say clean energy but build factory after factory for semi conductors 😀 makes no sense to me

@bwofficial1776 7 ай бұрын

Always have been. It's in the name, conservation. Just because you're moving forward doesn't mean you're making progress.

@hansolo8225 7 ай бұрын

Conservatives don’t like change including a new factory moving to town.

@hrsmrt9292 7 ай бұрын

It's about 'keeping up with the voters' strategy, and try to kept out any 'external elements' that could 'tampered' their party's regional polls, it's one of thing what they're fear the most.

@ianhomerpura8937 7 ай бұрын

@@user-yv4gg7jb2f semiconductor factories need a constant supply of water

@Debaucherousgeek 5 ай бұрын

Thank you President Biden. The most "America First" President we've had in a generation. Don't live there now but I am from Savannah and know these small towns surrounding her. These are goad jobs that pay an upper middle class salary.

@texaswunderkind 4 ай бұрын

I am surrounded on three sides by new infrastructure projects. A huge new highway flyover is going up in an area that was a terrible bottleneck during rush hour. Already new businesses are springing up all around it. The highway to the west was one of the most dangerous in Texas, and it is being expanded to a four-lane, divided road. Most of these projects have hike/bike trails included. Aging water mains are being replaced as well. All of the schools around here are conducting major refurbishment programs for aging roofs and HVAC systems. Imagine...building things in America instead of sending all of our dollars to China!

@cafer12098 7 ай бұрын

Hyundai is probably the only company that can take Tesla head on. They have the tech, the customers and the robots (Boston Dynamics) to build efficiently.

@yuxz339 7 ай бұрын

ever heard a company called BYD？😂

@tonnny7908 7 ай бұрын

@@yuxz339 BYD is inferior to Hyundai in every possible way. Its domestic market is what boosted BYD's growth but it's already full no room to grow since China, although large population, doesn't have big market for EVs because of people's income compared to the US or other developed nations. BYD's growth mostly came from ones with LFP batteries, which is cheap but inferior. Plus Chinese cars are blocked from the US and EU. In Asia Japan and Korea have their own. So market for BYD is mostly limited to some Asian countries, Africa, and Eurasia. Chinese ban or boycott brands from other countries if it wants for no particular reason. Others can do the same...so keep dreaming.

@tonnny7908 7 ай бұрын

@@yuxz339 Plus BYD has never been put to the test to the core. Many of BYDs in China exploded and its cars significantly drains energy depending on the whether condition. so Chinese has to beat Vietnamese cars first

@GeDiceMan 7 ай бұрын

a Korean company building in america and creating jobs in america. Americans need to give South Korea a huge thank you for that!

@rightsdontcomewithpermits7073 7 ай бұрын

@@GeDiceManwhy thank you when they get subsidies from us?

@mattknappick799 7 ай бұрын

Boomers shifted manufacturing overseas. Gen X and Millennials are bringing it back

@truth8422 7 ай бұрын

Aren’t we in Gen Z already? That’s all I hear these days. Some are even saying Gen Alpha has already arrived 😢

@doujinflip 7 ай бұрын

Millennials are entering their prime productivity years now, increasingly executive positions too.

@rohitghoshal 7 ай бұрын

@@truth8422 Gen Z are people born after 1996. This generation has doesn't have any decision making power in corporate world yet.

@kevinansley7353 7 ай бұрын

Clown

@blackknight4996 7 ай бұрын

Don't dream...when the subsidies end, your dream end at the same time.

@austincline5648 7 ай бұрын

The developers will finance and design water and sewer plants if they really want to be in a specific area. Towns just need to speak up and demand financial help. On the other hand it’s shocking how much money a county can find if it means they’ll get a new factory or worse a warehouse.

@JMiskovsky 6 ай бұрын

Finicial help for what? Beg me money for just allowing consttuction to happen?

@austincline5648 6 ай бұрын

Lots of times small communities and townships really don’t have a choice in development. Especially factory/warehouse development. Big brother county and state see it as a money maker therefore they push things through. Meant towns and communities suffer bad infrastructure. Lack sewer and water services and deal with the unsightly view. They are left cleaning up the mess while someone else benefits. Therefore they very desperately need money to do so . As a township worker I’ve watched this first hand. Local county state and schools hit the jackpot but towns and townships. The ones that fix and repair everything get the shaft.

@tonieplacide-oy4xx 7 ай бұрын

Yes! bring the jobs back home

@guilhermetavares4705 7 ай бұрын

Factories are not the problem. The problem is the complete absence of public transport and the endless sprawl of the suburbs.

@Sam-tg4ii 5 ай бұрын

Industrialization's problems can be minimized with long term-oriented planning. But the net effect is massively positive. America needs to manufacture things again.

@trekuhl3966 7 ай бұрын

Warehouse’s are the new retail stores. Continue to shop on line and the need for warehouse’s will continue. Savannah is not the only town; Elizabethtown KY, Bowling Green KY, Stanton TN, Jeffersonville OH, New Albany OH and a plethora of other towns are all experiencing unprecedented growth due the multi-billion dollar spend on high technology industrial manufacturing. Most of these towns have no clue what’s coming with the influx of direct and indirect jobs they bring. The infrastructure necessary to support not just the facilities, the restaurants, churches, schools and other businesses to support is incredibly high as well. Then look at the current job market with unemployment hovering at 3.5%. Plus there are double the available open positions vs those openly looking for an opportunity. HUGE challenges are ahead.

@rhhrhejebag2774 7 ай бұрын

These communities will take the easy way out, and sprawl into oblivion. Whenever these factories leave, they'll be left with vacant suburban lots that are nothing but burdens on the tax payers.

@stevemcgowen 3 ай бұрын

Staffing factories is a big problem in the USA. Before I left America where I lived- NE, Ohio, factories closed because they couldn’t get enough workers.

@timgiffard3524 7 ай бұрын

They can treat waste water on site and make it safer for sewage transport to the municipal plant. Most high impact industries in Missouri where I'm from get permitted by the state department of natural resources. Be supportive of your municipal district when they issue the effluent permit for Hyundai. That is one of the few yard sticks that keeps them environmentally responsible on the local level.

@nickp1987 5 ай бұрын

Peter Zeihan: HEAVY BREATHING.

@scotsmanofnewengland7713 6 ай бұрын

While traveling from New England to Florida last month I noticed a lot of construction going on with the building of massive warehouses. Some are still empty from years ago when I went down to Florida. The only ones making money are the concrete companies and the contractors.

@sabercruiser.7053 7 ай бұрын

Great reporting 👍👍👏👏

@Mexicanpride6899 Ай бұрын

No, it’s not

@user-dm1bj7lw7v 5 ай бұрын

Very informative. Thank you!

@user-dr2pg8fk2i 7 ай бұрын

5:00 real estate agents are sales people. Let me say it again: REAL ESTATE AGENTS ARE SALES PEOPLE. They have one motive and it does not in any way benefit the people of these communities.

@pjacobsen1000 7 ай бұрын

Doesn't the same apply for any person who sells things or services, including shop owners, restaurant owners, auto shop owners, lawn care workers, roofers, dentists? Just because their job is to sell doesn't mean they don't contribute to the local economy.

@TheeRedBaron 7 ай бұрын

Real Estate agents deal in real estate and have better property knowledge than most people. The agent's statement on public water/sewer being an issue is right lol. Don't be so quick to hate.

@user-dr2pg8fk2i 7 ай бұрын

@@TheeRedBaron They absolutely do not. Public water/sewer are urban planning issues, and the people profiting on rapid fire building and growth should have literally zero input on planning. That would be like a car salesman telling engineers how to design a motor.

@TheeRedBaron 7 ай бұрын

Knowledge and planning are two different things. Local municipals have master water/ sewer plans , developers pay to tie into this if they have a new build. Agents having factual knowledge of the plan and up coming developments as its public record or industry news. People who sell have knowledge in their field.

@rhhrhejebag2774 7 ай бұрын

Yes, but year after year these developments remain stagnant. Because someone is smart doesn't mean that they're going to use it to benefit a community that they don't even live in. It is proven that single family developed neighborhoods do not recoup the cost of a single lifetime of maintenance, there for becoming a burden on the community and tax payers for as long as it's there. These developments bankrupt cities in the long term.@@TheeRedBaron

@DaleBouwman 7 ай бұрын

In 25 years time, all these factories will close down amd they'll ship the work overseas again, and people will act like its a first time thing.

@venitocamelo6704 4 ай бұрын

thats about 3 decades of prosperety , its better than nothing

@johnj.baranski6553 2 ай бұрын

How? Ships rely on fossel fuels to sail. There is zero innovation in the maritime industry, so when fossil fuels run out in 25 years, nothing will be shipped.

@SoCalFreelance 7 ай бұрын

Hypocritical to complain about Chinese EV subsidies when looking at this.

@Western_Decline 7 ай бұрын

Hypocrisy is the core of US foreign policy

@shoopddawhooped 7 ай бұрын

Literally how geopolitics works, think China is telling citizens how great US is? Lol

@doujinflip 7 ай бұрын

So you'd rather let the Chinese continue their dumping while we stop supporting our own industrial development?

@SoCalFreelance 7 ай бұрын

@@doujinflip Where was your concern over the past 30 years as our middle class was eviscerated with jobs moving overseas?? Make no mistake, this is CORRECTIVE action addressing policy failure and elected official improprieties with corporate interests/money.

@donaldclifford5763 6 ай бұрын

A race to the bottom.

@melikechoc0 7 ай бұрын

We need a more robust logistics system as well as a way to tackle the pollution that will inevitably come with factories.

@craycray127 7 ай бұрын

Should have never been allowed to move manufacturing away from unionized labor in the 70's.

@latymz 6 ай бұрын

Same thing is happening where I live. Lots of warehouses going up in various areas. Time will tell if it’s a bust.

@alvarotorres9057 7 ай бұрын

I definitely have seen a lot of industrial activity in my city. Also, many of the factories in my town have hiring signs. Maybe I should check them out.

@bigpirate7513 7 ай бұрын

So glad

@TonyTrunzo 7 ай бұрын

Joe has a plan for you... THREADS

@blackpepper6091 4 ай бұрын

We need more manufacturing back in the USA... wait not next to me! People are always complaining about something.

@Dimaz42 7 ай бұрын

I'm curious whether the products cost could compete with other countries with cheaper labors and materials? 🤔

@purpleWizard0 7 ай бұрын

Subsidies says yes.

@user-yv4gg7jb2f 7 ай бұрын

depends on import taxation

@ronnieangeles 7 ай бұрын

Since the border is open, maybe.

@joshn2342323 7 ай бұрын

Yes it is competitive because most large automakers are heavily automated. Many of these auto plants make hundreds of cars per day. The cost savings from making them domestically is worth the higher labor costs. Moving a car across the pacific on a ship is expensive.

@SensationsRim 7 ай бұрын

Mexico is becoming the next manufacturing capital of the world. Costs are lower than China and it's nearby.

@davidshoemaker246 4 ай бұрын

Sounds like it never would have happened without massive government subsidies. That means it is unsustainable. EV market is collapsing everywhere and will continue to do so.

@maalat 6 ай бұрын

Build multiple level with easy access to transportation … buses, trains, etc. avoid 1 hour drive on freeways mentality. Instead of individual residential lots, build medium high rise condos and leave the rest to nature, forests, meadows, creeks, etc,

@peterclarke3020 7 ай бұрын

What about in the ‘Rust Belt’ areas - is there no plan to build any new industries there ?

@Szcza04 5 ай бұрын

It boggles my mind since there is already infrastructure there to support these places.

@daffyduck4195 6 ай бұрын

Well, well, well. The prevailing narrative of the USA going downhill has been contradicted by a video revealing that US manufacturing has been doubling up, leaving me pleasantly surprised. There's also the VinFast plant in S.Carolina going up.

@DotADBX 4 ай бұрын

Small businesses should be worried about big franchise businesses that will ended up being brought in to help supply the construction industry (home depos/walmarts/costcos etc) while these businesses are great to have in your community they more often then not end up killing local businesses. I highly recommend any locals with kids look into buying property as soon as possible so their kids will be able to afford a home by the time they reach adulthood.

@Movingforward2000 4 ай бұрын

No one actually cares about local businesses. All that counts are the big players.

@DotADBX 4 ай бұрын

@Movingforward2000 you should care because small businesses is what drives the economy of the USA not large businesses, they also carry a large portion of the tax burden which most large companies typically don't because they find novel ideas to skirt paying taxes all the time.

@Movingforward2000 4 ай бұрын

@@DotADBX I dont live in the US so l dont care

@deendeon10 7 ай бұрын

Humans keep making mass transportation more complex, resource intensive, and convoluted. We all don't need vehicles for each individual. Ride your bicycle.

@ARVINDYADAV-BHU_SOIL 7 ай бұрын

As i am Indian happy with this movement, to china adversary US must increase domestic production.

@jmcasas17 7 ай бұрын

Definitely I agree. China must not be trusted.

@user-ql4zu1ph3f 5 ай бұрын

The price... 33 TRILLION. That's the price.

@dustinharris8057 7 ай бұрын

What happens when the factory shuts down and the corporation has taken all the profits and left the mess?

@jcall412 7 ай бұрын

The rust built gives you an answer to that question, especially Youngstown, OH

@mikemcconeghy4658 5 ай бұрын

I hate that the government is paying these guys to build. When it doesn't turn a profit, only the taxpayers will lose out.

@texaswunderkind 4 ай бұрын

Manufacturers in Europe and Asia are heavily subsidized. It is the price of doing business. Trade agreements can address that, but Trump tore those up.

@codexox1 Ай бұрын

Listen : America . we are in the right track on this strategy.

@x12z12 5 ай бұрын

They sound alot like West Point, GA where the Kia plant is located. There was big excitement about growth and housing which did not come like everybody thought it would. Things are starting to grow after 15 years but it is slow.

@hardheadjarhead 4 ай бұрын

Americans have been complaining for decades about how jobs have gone overseas. Now that America is re-shoring factories and employing Americans, people are complaining? They wanted jobs. Now they’ve got jobs. They’re seeing their property values go up. American businesses in the region are going to benefit. You’re going to see growth, construction. That manager of that taco joint needs to not worry about people speaking Korean. He needs to shave, clean up his act, go next-door, and apply for a job at that plant. He’ll make more money. And there won’t be a “Korean invasion“. They’re not coming over here to take our jobs. They don’t have enough people to build plants over there, because their birth rate and population is crashing. This is a win-win for America and South Korea.

@user-kf9zu1gy7d 6 ай бұрын

I believe this is called: not in my back yard.

@agalpar 7 ай бұрын

Go and do the research in Pesquería Nuevo Leon of what is going to happen years later to this city. Kia the Hyundai's brother stablished a couple of years in Mexico and the factory truthly change the economy of this small city, even now is known as PesKorea.

@Joel-ew1zm 7 ай бұрын

Been through Pembroke a million times on the way to and from Fort Stewart

@lattehour 7 ай бұрын

a 8500 direct employment leads to at least 30k additional jobs

@JanSuerth 7 ай бұрын

We want to be eco friendly but at the same time none of these factories even have a rail connection...

@commercialelectrician133 7 ай бұрын

Very interesting

@FLORIDAHOODVLOGS 7 ай бұрын

Koreans: lets bring jobs and growth to america Southern hicks: we wanna starve

@mayurireddy8196 Ай бұрын

Amazing US factory

@RobbieLancelot 4 ай бұрын

Back in the days, factories would build houses for their workers, maybe something to consider today.

@mrspaceman2764 6 ай бұрын

With South Korea, Japan and Taiwan's demographic issues, the only option that makes sense, is to build where the consumers are.... The US is the biggest consumer market on the planet!

@VarkeyChinnadan 7 ай бұрын

An admiration to Americans about financial burden taken up to combat climate change...

@user-jz7ny1qc6j 7 ай бұрын

It won't matter at all lol, the U.S. is 3rd now in carbon emissions behind China and India. Those countries are not going to have the same scruples when it comes to "green energy," and since we all live on the same planet, it doesn't really matter which country the emissions come from, we're attached to everyone else lol

@lingth 5 ай бұрын

You want more "Made in America" so thats the price.

@MrJackassz 7 ай бұрын

It was always big business that ruined every city/town in the end destroying the landscape, leaving abandoned buildings like in Chicago and so on.

@peterdagnese453 6 ай бұрын

We need it.

@mike-sk2li 7 ай бұрын

I drive a semi truck. Trust me their are almost no factory's being built. America is to expensive to manufacture anything! What is being built is warehouses.

@nathanjustus6659 6 ай бұрын

Leave it to idiots…”we don’t need factories or jobs” while decrying thr loss of the middle class

@Clxkenem 7 ай бұрын

thank you Korea

@Western_Decline 7 ай бұрын

better start learning Korean or Chinese

@gold9994 7 ай бұрын

@@Western_Decline *and two is better than one.

@santoshNarayana 7 ай бұрын

@@Western_Decline I guess I'm downloading the Duolingo app to learn Korean

@skoo00 7 ай бұрын

The realtor should drive a Hyundai, not a Ford

@yota4004 7 ай бұрын

more EV's that won't sell.

@camadams9149 6 ай бұрын

"The Price of America’s New Factory Boom" We all learned the price of failing to do this during the pandemic. Turns out putting finance bros in charge of the economy was a mistake... who would have guessed

@ssuwandi3240 4 ай бұрын

Jobama is FINANCE BTO?! 😂😂

@roddizon2242 7 ай бұрын

Thank You, Biden for all the Jobs you created, and bringing back the job in the US.

@ronniemassart3834 7 ай бұрын

Sucker...........they are taking peoples land for starters

@phoenix5054 7 ай бұрын

Xi Jinping is the best job creating president the US has ever seen!

@cmw3737 7 ай бұрын

"Whoever puts the electric cars on the road first wins". First mover advantage is a big deal when it sets standards that others have to follow. Tesla already did that with the charging infrastructure. Rushing to production isn't going to help a great deal.

@carllelendt5452 6 ай бұрын

But you'll never hear of "America's Boom of High Quality Jobs." -Who needs that so long as we got a boom in factories..

@KasunLokuliyana 4 ай бұрын

Make America Great Again

@JoeMeng 5 ай бұрын

Yes, but at what cost?

@Novideos00 7 ай бұрын

All this development and the accompanying growing pains are necessary for a level of significant global decoupling to occur. This decoupling will bring countries to a more sustainable equilibrium and will allow for countries to compete in the global market with the products they produce. Hopefully this competition will have a positive effect on prices and give the global consumer and countries more choice🤔

@briankier2189 7 ай бұрын

Or they will have the opposite effect. Less choices and more authoritarian policies making everyone closer to serfs or slaves. I hope I am wrong but most likely I am right since the elites and corporations don’t want to share the wealth with the people who actually make it.

@user-jz7ny1qc6j 7 ай бұрын

This is true, we're so heavily reliant on outsourced manufacturing, that it's almost difficult to comprehend the scale of transformation that we would need to do to relocate even a fraction of that manufacturing to the U.S.

@Penny-ym1sg 3 ай бұрын

Factories are pouring into Mississippi. A lot of executives are moving here from the north to work. They love it. They build huge houses in the country and gated communities are sprouting up. They have lakes, fountains, and private golf courses. The industrial parks are in the country near rivers for shipping. They have stores, restaurants and regional airports! So there are factory workers, and highly paid executives. I think its great. They have their own little communities and dont interfere with the country culture. So far, there isnt traffic problems either because they have everything they need near their work.

@josephdantes1605 4 ай бұрын

It would be more comforting if these manufacturers made something other than cars. Cars feel like luxury goods these days that aren't that essential. Splurging this much capital into non-essential goods that will easily become irrelevant during an economic downturn doesn't seem like a great idea. Semi-conductors as mentioned in the video is a far better bet imo.

@texaswunderkind 4 ай бұрын

Automation would allow American factories to complete in some categories, but things like clothing are hard to automate. Those jobs are unlikely to return to American shores. As a society we just need to buy less. The invention of stylish "fast fashion" clothing that is meant to change trendy designs quickly and be tossed away is terrible for everybody.

@MbisonBalrog 4 ай бұрын

Once the demand drops then what they do with giant factories?

@jctai100 7 ай бұрын

It's kind of funny from a business standpoint. Do they ever expect to sell to other parts of the world?

@cinpeace353 7 ай бұрын

It is build for US consumers.

@yummm8775 6 ай бұрын

Made in America for North American consumers (US and Canada). They save on car import taxes, shipping and regulatory hurdles. These companies are NOT going to spend billions if it doesn't benefit them financially - so nothing funny about it.

@KazuhaCosmos 7 ай бұрын

U know what is the problem is that the American public transportation they only rely on car

@davebrown5223 Ай бұрын

Spring Hill, TN in the late 80,s. GM put extensive wastewater treatment at the site. The only way that little area could survive.

@jamesmitch9792 7 ай бұрын

remember when trump tried this with foxconn in Wisconsin? how did that worked?

@cinpeace353 7 ай бұрын

Well, the subsidies shrinked. It is a different story. Now Biden is using bigger subsidies.

@nasigorengpecelesteh1506 5 ай бұрын

Nice

@vangelissotiropoulos7365 7 ай бұрын

Sure, let’s clear a few million trees to start making some “green” cars 🚗

@pjacobsen1000 7 ай бұрын

Great idea!

@miles5600 7 ай бұрын

@@pjacobsen1000you gotta be kidding 😂

@miles5600 7 ай бұрын

Cars are not sustainable and they never will.

@pjacobsen1000 7 ай бұрын

@@miles5600 Yes, I'm kidding.

@VitorAzzevedo 4 ай бұрын

Quando essa bolha dos elétricos estourar, ninguém segura a mão de ninguém

@andikerl2486 7 ай бұрын

Hey Bloomberg, how about recruiting somebody, who can mix the audio properly?

@lwad3128 3 ай бұрын

Wow, I feel like Americans are going to complain no matter what! They wanted 'Made in America' back and to stop sending business overseas, then complain about the business and manufacturing facilities coming to their town. You can't have it both ways, people!

@3RPRECISIONMFG 7 ай бұрын

This is the best thing that could be happening for our country right now. There is one problem- there are only certain parts of the country where younger generations are actively getting involved in manufacturing careers. As it is more expensive to build factories in large urban cities- that’s where it needs to be as well for commercial circulation plus there are always people in cities looking for work.

@user-jz7ny1qc6j 7 ай бұрын

I can't see a world where liberal cities or even states would support this. It's probably one of the many reasons that blue states tend to be the most economically unequal, is the lack of a skilled blue-collar labor force. Instead you have high-paid white collar service jobs, and then a bunch of poverty on the lower levels of the economic ladder

@flyingbanana4179 7 ай бұрын

The same thing is happening on the i94 corridor between milwaukee and chicago

@user-lt3lm6me9k 3 ай бұрын

Be interesting to see what this does to Brownsville/Jackson, TN when Blue Oval City is finished.

@ppc7457 14 күн бұрын

make America great again !...

@Seanmirrer 7 ай бұрын

It has been a tough few months, filled with hardships and struggles globally. From economic challenges, job losses, market volatility, conflicts in various regions, and financial difficulties, it feels like everything has been going wrong. How can I make ends meet during these tough times?