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Apple plans to spend $1B to support advanced manufacturing jobs in the U.S

washingtonpost.com

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Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S

#41

Post by ice109 »

no1youknowz wrote: post #30
ryanmarsh wrote: post #9

> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.” In that interview he also said that the jobs weren't coming back. This is one of the most powerful statements uttered on American labor and employment trends in recent memory. I have shared thi…

Here's something else that should shake US and UK highly skilled workers. Our time will soon come as well. In China, they are racing to match and surpass western standards. I would say, they have already matched in some cases. But unlike the west where companies export out to save costs. Companies in China do everything in-house. There will be a time where these 6 figure jobs that some HN users have, will go down by…

what exactly is the problem with this? a 50% pay cut is still a fantastic wage (globally relative). what exactly is wrong with the standard of living going up in other places while ours gets a little worse? also if the tech sector really loses half of it earning power the markets that cater to those people will simply deflate. globalization /is/ good in the long run because it brings supply/demand markets to an equilibrium. the problem is waiting for the equilibration.

Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S

#42

Post by aswanson »

no1youknowz wrote: post #30
ryanmarsh wrote: post #9

> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.” In that interview he also said that the jobs weren't coming back. This is one of the most powerful statements uttered on American labor and employment trends in recent memory. I have shared thi…

Here's something else that should shake US and UK highly skilled workers. Our time will soon come as well. In China, they are racing to match and surpass western standards. I would say, they have already matched in some cases. But unlike the west where companies export out to save costs. Companies in China do everything in-house. There will be a time where these 6 figure jobs that some HN users have, will go down by…

Just doing the numbers from a stat standpoint, assuming you need to be in the top 2 percent of intelligence to code, there is a latent pool of 42 million developers in China/India waiting for their "go" signal. Best thing to do imo is hoard and deploy money to investments, because capital is set up to clean labors clock in the coming decades.

Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S

#43

Post by zeeveener »

xapata wrote: post #28
ryanmarsh wrote: post #24

Earlier quoted context omitted.

> continue as a global technological powerhouse (unless it gets fucked by Trumpism and populism of course). Capitalism breathes credit, credit is a function of belief in the future. I'm curious how much protectionism is necessary at home to maintain necessary levels of belief in the future. > they (or their children) need to acquire those skills that make them employable in the 21st century How? What skills are neces…

Programming, obviously.

Sure, but what kind of programming? Web and Java developers are a dime-a-dozen. Sure there are different levels of skill within those specific fields, but you're never short for developers who know those things.

Now Machine Learning or AI or even potentially low-level programming. Those are some areas where knowledge could be _extremely_ lucrative in the near (10-15 years) future.

Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S

#44

Post by jonknee »

> Apple says that it intends to bolster the U.S. manufacturing sector by creating a $1 billion “advanced manufacturing fund” — with some of that initial money going toward a company the tech giant is prepared to partner with, chief executive Tim Cook said.

Amazing what passes for news these days. This sounds no different from what they normally do with their supply chain. Anyone remember GT Advanced Technologies? Apple wanted their sapphire glass for the iPhone 6 and fronted $439m for a factory in Arizona. The deal went south and Apple ended up owning everything and 700+ people were laid off. Apple turned it into a data center.

Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S

#45

Post by lowtolerance »

ianceicys wrote: post #21
xname2 wrote: post #8

Earlier quoted context omitted.

South China Sea.

Debt. Look at the financials in China and you'll see a huge bubble that's just beginning to burst. Going to take a year to fully materialize but it will be ugly.

I've been hearing people say that there are signs that the bubble is bursting in China for the last several years now. This time it's for real, though, right?

edit: I had a hunch you'd be the kind of person who would cite a zerohedge article as a source on this. They have been gleefully predicting the collapse of China's economy since the site's inception. No doubt, they will gleefully take credit for "predicting" its collapse, too (should it actually happen), despite all of the failed predictions year after year.

Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S

#46

Post by flubert »

ryanmarsh wrote: post #9

> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.” In that interview he also said that the jobs weren't coming back. This is one of the most powerful statements uttered on American labor and employment trends in recent memory. I have shared thi…

>> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.”

The BLS seems to think there are 72,000 tool and die makers in the U.S..

https://www.bls.gov/oes/current/oes514111.htm#(1)

>I have shared this quote with every middle/lower-middle class person I know who voted for Trump and their responses have all been the same, horror.

...which quote, the tool-and-die-maker quote, or the jobs-aren't-coming-back quote?

Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S

#47

Post by cubano »

ryanmarsh wrote: post #24
pm90 wrote: post #16

Earlier quoted context omitted.

American labor was fucked anyways, Globalism only accelerated trends that would have happened anyhow. From a long term perspective, its absolutely amazing that the US has managed to export all the factory level jobs to other countries and yet managed to keep the better paying jobs back here in the states. The current lack of (low skilled) jobs in manufacturing has made it clear to those Americans willing to listen: t…

> continue as a global technological powerhouse (unless it gets fucked by Trumpism and populism of course). Capitalism breathes credit, credit is a function of belief in the future. I'm curious how much protectionism is necessary at home to maintain necessary levels of belief in the future. > they (or their children) need to acquire those skills that make them employable in the 21st century How? What skills are neces…

Gaining skills is just a matter of effort nowadays as everything anyone needs to learn to do pretty much anything is of course just clicks away.

I think that's the real change that needs to be addressed...self directed learning should be the future, and the need for formal education is dying

Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S

#50

Post by theptip »

ryanmarsh wrote: post #9

> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.” In that interview he also said that the jobs weren't coming back. This is one of the most powerful statements uttered on American labor and employment trends in recent memory. I have shared thi…

Trade has certainly fucked _some_ workers. But it helped others; it's just a lot harder to see the ways in which the average American worker is better off, because the benefits of trade are spread across the economy, and the costs are concentrated among a smaller number of individuals.

Here's a libertarian making this point: http://econlog.econlib.org/archives/2017/04/does_trade_with....

"Using novel data on firms from the US Census Bureau, I show that the data support this view: US firms expanded manufacturing employment as reorganization toward less exposed industries in response to increased Chinese imports in US output and input markets allowed them to reduce the cost of production."

Or Paul Krugman talking about the same, if you prefer that angle: https://krugman.blogs.nytimes.com/2016/07/03/trade-and-jobs-...

Sure, there are arguments on each side. But it's not as cut and dried as your last paragraph suggests.

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