Not sure how this comforts anyone. We need labor, there aren't enough spa management and pet groomer positions to build an economy upon. What good does it do for anyone that we manufacture more, if there aren't enough good-paying jobs to go around to support a broad consumer base for those same products you say are being manufactured without (much) labor?
Why would any foreign nation even want to manufacture goods to ship here, if there's nothing much to buy with our currency? If our currency does devalue, we run the risk of not being able to import what we need, and not being able to afford to tool up to manufacture it domestically. And yet trends are clear that in many industrial sectors US manufacturing has already fallen to what might as well be zero.
Why would any foreign nation even want to manufacture goods to ship here, if there's nothing much to buy with our currency? If our currency does devalue, we run the risk of not being able to import what we need, and not being able to afford to tool up to manufacture it domestically. And yet trends are clear that in many industrial sectors US manufacturing has already fallen to what might as well be zero.