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Such is the fate of China also, they're just a bit further removed from it. Automated manufacturing is vastly more reliable and higher-quality than anything ma
by potatolicious 14y ago
Such is the fate of China also, they're just a bit further removed from it.
Automated manufacturing is vastly more reliable and higher-quality than anything manual labor can pull off. As the standard of living rises in China and cost of labor exceeds the threshold, automation will take over just like it has here.
The death of US manufacturing is a little overblown (though not entirely) - what people are really talking about when they bemoan the death of American manufacturing is the death of American manufacturing jobs.
- ChuckMcM 14y ago"The death of US manufacturing is a little overblown (though not entirely) - what people are really talking about when they bemoan the death of American manufacturing is the death of American manufacturing jobs." Exactly, if you look at manufacturing output, America has remained a leader [1], but the number of people employed by manufacturers has gone down. The recession did put a dent in that increase of course. [1] http://investing.curiouscatblog.net/2010/02/17/usa-china-and-japan-lead-manufacturing-output-in-2008/ http://investing.curiouscatblog.net/2010/02/17/usa-china-and...