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>> There are a lot of jobs dependent on trade with China (our company was affected by the Huawei ban, for example), and the fantasy that you can just cut-over t
by icelancer 7y ago
>> There are a lot of jobs dependent on trade with China (our company was affected by the Huawei ban, for example), and the fantasy that you can just cut-over to US manufacturing without huge transition job losses is unrealistic.
Completely agree. I very much empathize with the author and this issue is the only one where I feel some sort of connection with the current POTUS, but the engineering-at-scale capacities in the United States pale in comparison to China for a variety of reasons - some due to a cheaper labor force and more "flexible" labor laws, and some simply due to culture.
We do not have this capacity now and it is dubious that we can build it quickly without serious governmental subsidies and efforts not seen since World War 2. I'm personally good with the change, but it will cost billions if not trillions of dollars in lost productivity and marginal costs over the next decade or two, and this is not something to handwave away.
- sct202 7y agoThere are a hundred million+ factory workers in China producing products at massive scale for the world. Scaling up enough equipment, robots, and skilled workers in America to do even a fraction of that work is going to be a huge undertaking.