4 ms·
I didn’t interpret “poor performance” as “productivity”; rather, as “low-value”.
by nobodyandproud 3y ago
I didn’t interpret “poor performance” as “productivity”; rather, as “low-value”.
- kranke155 3y agoBasically. If you brought back manufacturing to some parts of America it would likely lead to economic growth. Instead we have the offshoring to cheaper countries.
- wolverine876 3y agoWhy do we assume that? Manufacturing economies were high-growth in the mid-20th century; we don't want to return there.
- kranke155 3y agoRead the book “How Asia Works” by Joe Studwell
- nobodyandproud 3y agoOne reason: Our ability to prototype, build out ideas, and in general innovate is more complicated and less scalable. The fastest international delivery isn’t comparable to driving 30 minutes to shop for the parts needed for some wild idea (etc.), but that market no longer exists in the US. In addition to delays, that makes R&D more specialized and therefore more expensive; not to mention the local loss of expertise by the sellers of the components. Just trying to build some Arduino ideas: I’m looking at $$, planning, and days of shipping. No opportunity to try something out on the spur of the moment.
- tremon 3y agoOur ability to prototype, build out ideas, and in general innovate is more complicated and less scalable. It's also predicated on people that are intimately familiar with the underlying manufacturing. Lose the manufacturing, and in a generation you're left only with people who know the current designs but lack the knowledge and experience essential to continue innovating. Exactly as you say: when you no longer have 30-minute access to experimental parts and in-depth advice, your ability to innovate suffers.