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Your points do not counter what I am saying. Infact, I agree with both of your points. The problem is, supply chains are not as entrenched as you claim. Give
by owens99 8y ago
Your points do not counter what I am saying.
Infact, I agree with both of your points.
The problem is, supply chains are not as entrenched as you claim.
Given a long enough time horizon and advanced enough automation, robots will move back to USA. Especially consider the IP risks and political concerns WRT China.
It will take a long time for all industries, some will happen before others, but there will be more vertical integration through automation and it will become more cost effective to have factories (not jobs, there will be no jobs from this) for products next to the markets they serve.
This is what most economists believe, and what the Chinese government believes, which is why they are pushing to develop AI and innovation.