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I took that as a reference to the decline of manufacturing in the United States.
by keenmaster 9y ago
I took that as a reference to the decline of manufacturing in the United States.
- nkozyra 9y agoEven so ... if we've supplanted manufacturing with non-tangible good production, what impact does that have on economic reality?
- keenmaster 9y agoI agree. On the whole, with a service economy and comparative advantage, we should be better off as a result. Automation, however, is redistributing a greater share of wealth to those with capital. The adverse side effects of that phenomenon, which is unstoppable, are being conflated with outsourcing, which can be disincentivized. People know as a fact that things used to be better when there were more manufacturing jobs around. They are simply acting on what they know instead of confronting a novel problem with a novel solution. Rethinking education and the cost thereof would be a good place to start.