3 ms·
So... The US and Europe haven't stopped being manufacturing hubs. The kind of manufacturing changed to high end goods, and automation has greatly decreased the
by wardedVibe 4y ago
So... The US and Europe haven't stopped being manufacturing hubs. The kind of manufacturing changed to high end goods, and automation has greatly decreased the amount of labor involved. https://en.m.wikipedia.org/wiki/Manufacturing_in_the_United_States https://en.m.wikipedia.org/wiki/Manufacturing_in_the_United_... the thesis is only possible if all you look at are the cheapest consumer goods, where moving to places with the lowest cost labor is a necessity.
- truffdog 4y agoA common criticism of that high level view of US manufacturing is that it is a bit of a lie, and a lot of it is about hedonic adjustments for new Intel chips being faster than old ones. Without that, the graph of manufacturing output in dollars looks like a steady downward slope from the year 2000 on.
- wardedVibe 4y agogot a link to someone actually arguing that with data?