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Except that overseas labor isn't going to be dirt-cheap forever. We can keep shifting manufacturing around to different developing countries but it's just kicki
by FussyZeus 10y ago
Except that overseas labor isn't going to be dirt-cheap forever. We can keep shifting manufacturing around to different developing countries but it's just kicking the can down the road and saying we'll deal with it later. Eventually Chinese workers and Malaysian workers and all the rest are going to start demanding real wages, and I don't think it's too far away now either. Maybe 20 more years we can keep playing this game but it's going to get harder and harder.
Add to it we're running out of busywork to have people doing, costs of automation are plummeting, jobs that were initially thought by the majority of people to be safe from the robots are turning out to be not-so-safe, and the elite continue to live under the delusion that they can continue stockpiling wealth while the rest of us scrape by.
There are a lot more poor people than rich people, and your money isn't going to help much when they're breaking down your door with torches and pitchforks.
- mattmanser 10y agoThey already are, for example there's been several stories over the years of China losing jobs to Vietnam.
- BatFastard 10y agoIts always a race to the bottom for costs. What no one talks about is the trail of bodies that are left behind.
- FussyZeus 10y agoA little hyperbolic, but more true than not. The main thing is we're going to reach a critical mass point where the costs of continuing to cut costs are going to become more expensive than what the cost cutting does to the end products.
- prostoalex 10y agoExistence of cheap labor negatively impacts the investments into robotics. Disappearance of cheap labor makes some numbers (total addressable market, costs per unit produced) look very attractive.