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The collapse is already happening it’s just happening slowly. We’ve offshored manufacturing, cut funding for education, have failed to invest in infrastructure
by bognition 2y ago
The collapse is already happening it’s just happening slowly.
We’ve offshored manufacturing, cut funding for education, have failed to invest in infrastructure.
- derektank 2y agoWe literally just invested $500B in infrastructure less than 4 years ago
- nradov 2y agoUS manufacturing output is higher than ever. Although it makes up a declining share of GDP since other sectors have grown faster. https://www.macrotrends.net/global-metrics/countries/USA/united-states/manufacturing-output https://www.macrotrends.net/global-metrics/countries/USA/uni... Education funding per pupil has steadily increased year after year. Maybe we should spend even more, but our problems with bad educational outcomes are mostly due to other factors rather than a lack of money. https://educationdata.org/public-education-spending-statistics https://educationdata.org/public-education-spending-statisti...
- sethammons 2y agoAutomation has done more to remove manufacturing jobs than offshore by a significant margin. 50-70% of job loss and wage reduction can be attributed to automation. https://www.axios.com/2021/06/17/automation-ai-income-inequality https://www.axios.com/2021/06/17/automation-ai-income-inequa... Even if we bring back all the manufacturing jobs we've lost, they represent fewer positions and automation will continue to be a downward force on wages.
- bavell 2y agoFactories in the US are less automated than in many foreign countries (SK, China, Germany) [0]. Same with our ports. [0] https://ifr.org/ifr-press-releases/news/global-robot-density-in-factories-doubled-in-seven-years#:~:text=North%20America%C2%B4s%20robot,%2D%20an%20increase%20of%207.6%25. https://ifr.org/ifr-press-releases/news/global-robot-density...
- sethammons 2y agoSo only more automation to come, and fewer manufacturing jobs