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So in summary, manufacturing is coming back but the jobs aren't? This trend was entirely predictable. Cheap human labor becomes expensive and unreliable at sca
by pluma 8y ago
So in summary, manufacturing is coming back but the jobs aren't?
This trend was entirely predictable. Cheap human labor becomes expensive and unreliable at scale so it's only a stopgap until automation becomes affordable enough. Cutting delivery times and transportation costs helps shift the balance. Scandals and improving quality of life (i.e. workers become more expensive as labor laws improve, production becoming more expensive as environmental laws improve) also helped.
It's the end goal for Uber, so why should labor-intensive factory jobs be any different? As soon as automation becomes more profitable than human labor the jobs will be gone.
- PeterisP 8y agoFor many industries automation is possible and affordable, but it's held back by the fact that you still can find places where manual labor is cheaper than dirt. As the quality of life rises worldwide and decent workers have better options than working for a handful of rice, we'll get mass automation. Not because of automation getting cheaper (though that's happening as well) but because of labor costs rising closer to living wages.