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Never is a long time. The more capital, skill, and energy intensive manufacturing becomes the more likely it will end up in the US. As an example, you don't w
by treis 1y ago
Never is a long time. The more capital, skill, and energy intensive manufacturing becomes the more likely it will end up in the US. As an example, you don't want your 100 million dollar t-shirt making machine in Bangladesh. You want it in the US where you have 24/7 power, no risk of revolution, cheap capital, access to skilled labor and so on. You can take the $25 an hour hit to pay a US worker because it's practically nothing compared to the machine.
- _bin_ 1y agoAbsolutely. Right now, though, people haven't built nine-figure ultra-robotic t-shirt factories because they can "cheat" around the issue of tech advancement and requisite R&D investment because they can just offshore to avoid spending that money. And, when that happens, it will employ a dozen people rather than hundreds or thousands.