3 ms·
That is extremely simple, because there is less money to be made compared to just going into pure software/finance/etc, which is why all the US talent shifted t
by myrmidon 2y ago
That is extremely simple, because there is less money to be made compared to just going into pure software/finance/etc, which is why all the US talent shifted there in the past.
Economically speaking it was a big advantage because you could get all the gadgets manufactured at chinese wages for the last decades-- electronics made in the US will be more expensive even after all the necessary investments are paid for (duh).
A possible model sector for how this could look like is agriculture:
Most nations subsidize the shit out of it to keep a good chunk of it local (~$20 billion/year for the US). You could treat heavy industry/electronics manufacturing the same way, it would just cost taxpayers a bunch and also increase prices in general (because you then poach manpower and capital from other unsubsidized industries).
- abirch 2y agoWhat I would love to see is a public payer heath plan paid with a VAT. Then every startup gets subsidized as do large corporations. It sucks when you have to think about health care costs when doing a startup or rolling the dice.