4 ms·
No only it didn't ramp up, it is going down the tubes. Labor is more expensive than ever, and even at high cost there is no job pool to restart production. Part
by coliveira 4y ago
No only it didn't ramp up, it is going down the tubes. Labor is more expensive than ever, and even at high cost there is no job pool to restart production. Parts of the US are suffering of massive draught. Interest rates are up. The stock market is down. All of this conspires to reduce industrial production, not the other way around.
- downrightmike 4y agoMaybe factories should get smart and build machines that build machines to reduce labor, like china is doing.
- jmt_ 4y agoFactories that are behind on automation cannot simply build & develop the machines you're describing in a short amount of time. It's not nearly as simple as "oh, just make a robot to do it. duh". Maybe some companies should have been more proactive about this pre-pandemic but there are many prohibitive reasons smaller operations were unwilling to do so. The economy is more likely to stabilize before the majority of factories (that aren't already doing so) are able to automate a meaningful amount of their work.
- rossdavidh 4y agoWell I can say that the demand from domestic manufacturing for software support is up, confirmed from several sources, so it doesn't seem like it's "going down the tubes".
- khuey 4y agoYes domestic manufacturing is doing fine. https://www.federalreserve.gov/releases/g17/current/default.htm https://www.federalreserve.gov/releases/g17/current/default....