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But Cook is wrong in saying "the jobs aren't coming back". The situation has been rapidly changing because of automation. Imagine if a clothing company could
by cracell 9y ago
But Cook is wrong in saying "the jobs aren't coming back".
The situation has been rapidly changing because of automation.
Imagine if a clothing company could have new product responding to trends available in a week. Nintendo is currently having difficulty keeping up with the demand for Nintendo Switches, imagine if they could rapidly produce more near their intended markets. Automated small batch production could even make things like ordering the exact same shirt you bought 10 years ago affordable.
Doesn't mean the economics work all the way through. But my point is things change and the advantages of manufacturing overseas in the past are not the same as the advantages today. And that will keep changing.
The future is hard to predict. Anyone that says something will never change is wrong because on a long enough timespan literally everything changes.
- _pmf_ 9y ago> Automated small batch production could even make things like ordering the exact same shirt you bought 10 years ago affordable. Automated production does not imply that setting up the production line is automated. You can't just reconfigure a production line because you don't have machinery on standby (these would be dead assets in the 10 MM range). High precision molds used for Lego, for example, are in the 250000 EUR range. You don't have these laying around and cannot order special tools with a lead time of less that a quarter year.