Boom in US Factory Construction Driven by Biden’s Plan


The construction of factories in the US is increasing rapidly, with six full-fledged factories being built every day. Despite the struggling US manufacturing PMI, a program bringing new businesses to the US is preventing a collapse of production. However, the high cost of wages and inflation is causing difficulties in finding workers for these new enterprises and putting pressure on Powell to lower the interest rate. The cost of maintaining the public debt pyramid is also increasing and has already surpassed the defense budget.

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