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China has a de-ranged Autocrat, and a Covid vaccine that just doesn't work. The only tool they have to try to contain Covid is aggressive quarantine, which has
by mikewarot 4y ago
China has a de-ranged Autocrat, and a Covid vaccine that just doesn't work. The only tool they have to try to contain Covid is aggressive quarantine, which has taken a large part of their economy offline.
The US is going to have to double it's manufacturing base in the next decade as the world deglobalizes.
- mschuster91 4y ago> The US is going to have to double it's manufacturing base in the next decade as the world deglobalizes. A lot of that will probably be more-or-less automated though.
- mikewarot 4y agoYes, but even so, we're going into a perpetual labor shortage due to the population pyramid. Even CNC machines need people to program them, load/unload parts, tools, empty the chips, replace lubricant, etc. Parts have to be inspected, packed for shipping, etc. There are a lot of people involved in manufacturing, the vast factories with no people in them and lights out are the rare exception.
- mschuster91 4y agoWhen labor availability goes down, its price goes up, and so investing in expensive automation becomes competitive. Alternatively, governments may also choose to increase immigration.