alt Hacker News> Sure, I get the "romance about the past" notion, but it will never, ever be a decent job again.
That is a political thing. Pay the masses more money and they can afford domestically made products again.
It's not that difficult. Henry Ford figured that one out a century ago - when people had ample money, they could afford to consume. But when all money a company makes has to go to the stock markets because numbers must go up, there is no money left to redistribute to workers.
American workers already lead the world in earnning and spending. There is a tiny list of much smaller countries that earn more, but they spend less.
There is no option to Simply pay the masses more. A company paying Americans a healthy salary for putting in screws would rapidly go out of business.to one that imports from China. If you block imports, you just get more expensive and less stuff.
Also, the entire Henry Ford story is entirely bullshit (look it up). Ford raised wages in the 1910s because there was a labor crisis and it was brutal work, so they couldn't keep employees. The average factory worker would quit after 3 months which was extremely disruptive.
Also, the economics of the story make no sense. Even if the workers spent their entire pay bump at Ford every year, Ford would still be losing money on the idea. If a $300 raise was spent to buy a $300 car, the company only profits maybe $30 on the sale, so they are still in the hole -$270 on the raise.
Workers would have to somehow spend more than their raise on cars every year.