There’s certainly work with the hands to be done, but the politics don’t favor us. The US was the manufacturing envy of the world just 50 years ago.
The information age has brought globalization, but it’s not entirely the fault of the telecommunications systems that are available around the world, but the cheap energy. It costs so little to move something from China to the US that, going by prices, we can hardly tell what’s made here and what isn’t. And on top of that, American companies don’t have to pay livable wages to Chinese shop workers, and they certainly aren’t going to provide them with any benefits.
However, I think it’s a stretch to say that the only place where there is money to be made is shuffling money around—most people do not work in the finance industry. At that, the finance industry doesn’t entirely work by shuffling money around. It is, at the end of the day, service for a fee. You pay a fee (interest) for a loan, you pay the person at H&R block to fill out your tax forms.
There are a lot of high growth sectors in the United States: software, medicine, biotechnology, agriculture, just to name a few. These aren’t all blue-collor jobs, and they certainly aren’t just shuffling money around, which only works when industries like these are actually experiencing growth, i.e., when there’s money to shuffle. If they don’t, the banks don’t profit.
Oil is going to become more expensive, plain and simple. It might not happen tomorrow, it might not happen for 20 years, but oil is going to continually get more expensive and the price is never going back down. If there is no growth in oil production (which there won’t be), there will be little economic growth. But firstly, it won’t be so easy to bring something 10,000 miles across the sea onto a Walmart shelf.
Things are going to have to become local. We’re going to have to start growing our food, making our possessions, and finding our work locally. And with that you’ll see a rise in manufacturing jobs again.