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There’s a lot of discussion on this thread about how US workers (even outside extreme CoL hubs) are just too expensive to do cutting-edge semiconductor fabricat
by benreesman 3y ago
There’s a lot of discussion on this thread about how US workers (even outside extreme CoL hubs) are just too expensive to do cutting-edge semiconductor fabrication.
Why? Ease up a bit on immigration for skilled workers, subsidize however many CHIPs Acts it takes to get the motor running, export a higher standard of living for skilled workers thereby, and margins on the most elite manufacturing sector on earth stay…really friggin high?
How productive does the global economy have to get before paying people well stops being a non-starter?
We didn’t used to fuck around on this: Bell Labs, Western, DARPA, the Apollo Program. Shareholders got a solid, low-beta return, workers got benefits and an education for their kids, and technology improved at an explosive rate.