Have frequently visited two Japanese plants in Ontario (Honda in Alliston, Toyota in Waterloo/Cambridge) and Toyota in Georgetown Kentucky,USA.Just a few points to share
Japanese auto factories are pretty bad. The workers are drones. I’ve seen them.
Texas has a robust economy.
Profits from Toyota absolutely leave this country.
Manufacturing is actually starting to move from China back to the USA.
Compared to the many domestic plants I've visited (in both US and Canada), there are night and day differences.
I have seen absolutely no evidence of "drones" in the Japanese plants. Some of the domestic operations are a different situation, altho' they are beginning to look more and more like the Japanese plants as we speak.
Agree with your Texas comments. Things are going better there than most other US states. Good on ya!!(Isn't that what I said earlier?)
Net profits from Dapanese operations in the US do go in large measure to Japanese shareholders, but there are major US shareholders too. That said, in reading their corporate prospectus/annual reports, over 65 percent of annual gross profits are reinvested in local operations all over the world--US included.
(Yes, Im a Toyota North America shareholder too, plus I have quite significant holdings in Ford. Both are doing well, thank you.)
Yes, there are some small signs that the US is moving one or two operations back to the US. GE for example has moved one of their ops back to a plant in Kentucky.
That said, this is a very, very long term phenomenon--if (emphasis on the "If") it can be sustained.
Several important changes must occur before that becomes a reality;
Technology in the US must advance significantly toward far better and much more automation; labor costs in China must increase dramatically; Unions in US must be more amenable to cost cutting initiatives, and so on.
This will take time, and if China makes similar changes to its methods, the job will be even more difficult for the US to reinvent itself.
Don't go to the bank with this one yet, but I for one dearly hope the US can do it.