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This has a flywheel effect where once you start gathering critical mass in a place, the original experts lose their edge eventually. See what happened to manufa
by RestlessMind 5y ago
This has a flywheel effect where once you start gathering critical mass in a place, the original experts lose their edge eventually. See what happened to manufacturing, where China is leaps and bounds ahead of Western nations.
- zozbot234 5y ago> See what happened to manufacturing, where China is leaps and bounds ahead of Western nations. Wait, no they aren't. They do a lot of labor-intensive, non-specialized manufacturing but other countries are still way ahead where it matters.
- helij 5y agoYou haven't seen any european factories did you? They are proper high-tech in comparison to your average chinese one. What people might not realise that manufacturing is still going on in Europe and US. It's just that less people are working in factories. Output is 'more' than in decades before. Automation and all that.
- twelve40 5y ago> less people are working i think that's kind of his point
- helij 5y agoNot in this case though as unemployment in the last decade is at its lowest in developed world.
- RestlessMind 5y agoLot of that employment is under-employment like Uber/Doordash/Instacart contractors and nowhere close to well-paying manufacturing jobs of the prior generation