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Well if cheap labour is not an input then there's no reason that the manufacturing has to be done somewhere with cheap labour costs.
by Tycho 6y ago
Well if cheap labour is not an input then there's no reason that the manufacturing has to be done somewhere with cheap labour costs.
- bmitc 6y agoBut the automation will need engineers and technicians. China is likely not super reliant if at all on the west for automation expertise, and is likely closing any gap that may exist. They have a legion of more and more well educated people to fill those roles. I’m super worried that the U.S. is turning into Russia, i.e., a corrupt oligarchy with no want or ability to mobilize and educate its people. China saw that happening to themselves and specifically steered away from it back in the 80s.
- Tycho 6y agoOn the plus side, if China innovates new technologies, it will make everyone else's life better too, as US innovation has done for the last century or so.