11–20 of 235 posts
While manufacturing may comeback to US, the employment in Manufacturing sector may not increase as much due to automation.
We really need economic indicators that reflect conditions for most people, not just the top few. Indicators that are often used in the news like rising GDP, house prices and manufacturing output are pretty useless if only a few get benefits from them.
Earlier quoted context omitted.
We really need economic indicators that reflect conditions for most people, not just the top few. Indicators that are often used in the news like rising GDP, house prices and manufacturing output are pretty useless if only a few get benefits from them.
We should also start treating rising housing prices as a policy failure.
Jobs that are vulnerable to automation are generally not worth keeping. That's no comfort to those loosing them though. Science fiction from the 60's painted a world where people would lounge around in their airships hopping between beaches, and mountains and parties while robots took care of everything and the lord scientists and engineers that gifted the wold with such plenty smiled benevolently down on the citizen…
I'm pretty sure our manufacturing output exceeded China's for most of the oughts, also. The myth that "we don't make things here anymore" is, well, a myth. We just don't employ people to make things anymore.
I'm pretty sure our manufacturing output exceeded China's for most of the oughts, also. The myth that "we don't make things here anymore" is, well, a myth. We just don't employ people to make things anymore.
Competitiveness is the thing that has (for example) Apple making things in China.
I'm pretty sure our manufacturing output exceeded China's for most of the oughts, also. The myth that "we don't make things here anymore" is, well, a myth. We just don't employ people to make things anymore.
I can't find hard data on this, but anecdotally it's very hard to find things made in the US unless it's a high end store. Chinese manufacturing filled the burst in consumer demand for budget-level products...
Jobs that are vulnerable to automation are generally not worth keeping. That's no comfort to those loosing them though. Science fiction from the 60's painted a world where people would lounge around in their airships hopping between beaches, and mountains and parties while robots took care of everything and the lord scientists and engineers that gifted the wold with such plenty smiled benevolently down on the citizen…
Did it not happen? Even poor people today have objectively much better living standards than rich people 100 years ago.