.. electrician? What is Depression proof?
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (43)
sorted by:
I think manufacturing is the right answer.
There is a global decoupling going on, and much of the raw materials and manufactured goods that we've imported from Asia over the last 35 years are going to need to come from somewhere else. Domestic manufacturing, especially of essential steel and aluminum products (tools, industrial components, weapons, etc.), is going to become increasingly important because of this. if we go to war on a global scale, the economy will be mobilized, but you will still be able to make good money as a manufacturer in the leader and aftermath.
One of the great benefits of getting into manufacturing is that you can create some thing and sell it directly to consumers now, which means that you could be your own boss and your own distribution channel.
How would one start in manufacturing? Thanks
I would find a small manufacturer and get a job there, and earn a decent wage while learning the ropes, save my money, and then find a niche to start my own operation. I'd talk to other people in manufacturing and find out what they can't get quickly or consistently enough, and look into what it would take to make that for them and how much margin you can make. I know a boat manufacturer, and he's got a dozen different major components he can no longer reliably get, and so his $800k boats sit unfinished for 6 months at times. Most of these parts are fiberglass or aluminum and don't require a foundry or inaccessibly expensive setups to make (e.g., an aluminum gas tank).