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All good as long as people don't think that modern industrialization means lots of jobs. In all industrial economies, the number of people working in the indus
by nabla9 1y ago
All good as long as people don't think that modern industrialization means lots of jobs.
In all industrial economies, the number of people working in the industry declines, even if the industrial output increases. You could maybe increase the people working in industry by 1–5% for some time, but then it moves to a downward trend again.
Labor-intensive industries are low-productivity industries. Even China has started outsourcing them after Chinese wages have grown.
- mensetmanusman 1y agoBuilding things locally has energy efficiencies that can manifest as wealth generation. Wealth generation is literally participating in rearranging atoms to improve lives.