3 ms·
I think this thesis is completely broken. All of US manufacturing went to China because labor was cheaper. You can't build things when you don't have a robust
by ferfumarma 8mo ago
I think this thesis is completely broken.
All of US manufacturing went to China because labor was cheaper.
You can't build things when you don't have a robust manufacturing base
- sien 8mo agoOne of the biggest things though is housing. The US, Australia and probably most developed countries have declining productivity in construction. (1985) https://www.nber.org/system/files/working_papers/w1555/w1555.pdf https://www.nber.org/system/files/working_papers/w1555/w1555... (2025) https://www.nber.org/digest/202502/stagnation-us-construction-productivity?page=1&perPage=50 https://www.nber.org/digest/202502/stagnation-us-constructio... That shouldn't be tied to China. Indeed arguably China might help with cheaper materials potentially.