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> Much of this I assume is due to labor costs. It's not, it's network effects/economies of scale. Everything is highly automated already. > We're already seei
by duped 2y ago
> Much of this I assume is due to labor costs.
It's not, it's network effects/economies of scale. Everything is highly automated already.
> We're already seeing some basic techs start to return back to higher-tech, higher-labor-cost countries (like the US Gulf Coast) because of automation improvements.
China is better at automating electronics manufacturing than the United States and has a decade or two lead on us. They also have policy advantages the US can't dream of, like building a new set of factories in 3 years instead of 5-7, with housing for all the workers and centralized water/power/gas utilities. The government is also capable of writing blank checks and forcing the finance industry to fund things that they otherwise wouldn't.
The current administration is not smart or agile enough to address the root causes of the decline in American electronics manufacturing and motivated by individual greed instead of national dominance.
Look at the Chinese auto industry to see how they're able to mobilize sectors much faster than anyone else. The US cannot hope to compete using a 20th century model of globalized economies where we pretend China is only competing with sweatshop labor. That has not been true for 25 years.
- hx8 2y ago> The current administration is not smart or agile enough to address the root causes of the decline in American electronics manufacturing and motivated by individual greed instead of national dominance. It's naive to think that China's politicians are not motivated by individual greed. American politicians are, on average, about as greedy as politicians in other countries.
- duped 2y agoWe're not talking about your average American politician, we're talking about Donald Trump and his inner circle. They are demonstrably more corrupt and greedy than the average American politician. Tangentially, they're a lot stupider than the average politician in the world, and whether they're as corrupt as they act or just incapable of severing personal and professional/institutional gains is unclear.
- bufferoverflow 2y agoEverything is not automated. That's a ridiculous claim. Almost half a billion people in China are working in manufacturing. Plenty of manual labor. It's similar in the US. Even modern giga factories employ thousands of people.