4 ms·
Not sure I am convinced…business owners, I’ve been speaking to, have been saying that they are either moving manufacturing away from China to cheaper locations
by Blackstone4 5y ago
Not sure I am convinced…business owners, I’ve been speaking to, have been saying that they are either moving manufacturing away from China to cheaper locations like Vietnam or Mexico or they are on-shoring to the US but with more automation. This means shorter supply chains to turn things around.
I think the wealth will still accumulate to business owners and those who operate around the capital markets (I.e. m&a lawyers, investment bankers, private equity, hedge funds) then you can throw in Senior management who get share points and a few exceptions like those who work at Google and get crazy comp packages
- simonh 5y agoYour first paragraph is good news driven by higher Chinese labour costs. More investment in countries with higher costs will raise their standards of living too. More manufacturing in the US, even with automation is still good. Those robots need to be monitored programmed and serviced, the factory needs supplies which need to be delivered. All income generating activities. Managers and investors do useful work growing companies and capitalising them to grow and prosper. There is a better balance to be struck though.