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The US is building factories at a fast rate

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Re: The US is building factories at a fast rate

#91

Post by willcipriano »

mwbajor wrote: post #67
mcphage wrote: post #48

Earlier quoted context omitted.

"We'll just design things and have people elsewhere do the building" is one of the dumbest ideas. How do you think you learn how to build things without building things? Who's going to build the next big thing? Oy!

A great litmus test to see if an educational administrator is knowledgeable on STEM is to see if they regard woodshop/metalshop/autoshop as purely "vocational". Bare in mind, vocational still means "not college bound" == "useless" == "doesn't look good in the US news rankings" Ive talked to superintendents and they just give me a blank stare when I told them that a great way to get kids to understand the cartesian co…

I'd argue this attitude is sexist. Boys tend to learn best with hands on instruction[0], like woodshop, and as we see girls are outnumbering boys in college and the trend is increasing. Instead of including activities and topics that engage boys, we push boys into special education classes and feed them drugs to punish them for not being more like the girls.

[0]https://www.goodtherapy.org/blog/how-boys-learning-styles-di...

Re: The US is building factories at a fast rate

#92

Post by AnimalMuppet »

marianatom wrote: post #11

Meanwhile in China: - exports plunge by 7.5% in May, far more than expected https://www.cnbc.com/2023/06/07/chinas-exports-plunge-by-7po... - profit tumbles 18% in April https://www.reuters.com/world/china/china-industrial-profits... - chip progress stagnating. Oppo chip design unit completely shut down https://techcrunch.com/2023/05/12/oppo-chip-disbands-phone-c... . Japan stops shipping semiconductor equipments to…

8 million babies for a population of 1.2 billion? Woah. Back of the envelope, that's something like half replacement rate.

Re: The US is building factories at a fast rate

#93

Post by feoren »

onlyrealcuzzo wrote: post #21
Xcelerate wrote: post #15

Perhaps I'm just bad at economics, but it always seemed to me that the countries making all the stuff would eventually hold all the power (and I say this as someone working in tech who produces nothing tangible). The fact that it costs exorbitant amounts to construct new buildings, railways, etc. in the U.S. and how our cities almost look antiquated or frozen in time compared to Asian cities shows that we missed a ge…

Compared to A Tier cities in some Asian countries? Does Santa Barbara or NYC really look antiquated compared to Mumbai? Or Da Nang? Or Fukuoka? Maybe if you're trying to compare Detroit to Shenzhen or Tokyo.

Yes, NYC looks and feels like an aging, antiquated city to me. I'd put D.C. above NYC -- it feels cleaner, newer, more efficient. Even London somehow feels less aged than NYC. Sydney, Helsinki, Copenhagen, and Amsterdam are a tier up again, and then cities like Tokyo and Singapore look like they're from the future.

Re: The US is building factories at a fast rate

#94

Post by mistrial9 »

kcb wrote: post #39
Xcelerate wrote: post #15

Perhaps I'm just bad at economics, but it always seemed to me that the countries making all the stuff would eventually hold all the power (and I say this as someone working in tech who produces nothing tangible). The fact that it costs exorbitant amounts to construct new buildings, railways, etc. in the U.S. and how our cities almost look antiquated or frozen in time compared to Asian cities shows that we missed a ge…

It always seemed to me that the country buying all the stuff holds the real power. It just feels far more possible to find alternative manufacturers than it is to find alternative markets.

lots of commodity markets are stuck on "lowest price wins". That means that management does not have as many options as you might think, since they will be put out of business if they cannot compete on price. This really happens quite a bit. Survivors of this brutal system are known to stockpile cash and other assets, for example Apple and their cash piles.

Re: The US is building factories at a fast rate

#95

Post by _trampeltier »

obblekk wrote: post #2

> The US has added around 800,000 jobs in manufacturing employment over the last two years, employing around 13 million workers It's too early to know, but if it turns out the solution to decades of economic misery for middle class blue collar workers was 1. 50% tariffs on China, and 2. $100B of subsidies to chip makers and green tech... The reversal of Reaganomics we're living through will become permanent for at le…

There are not just tariffs to china. It's became expensive for all countrys to sale things to the US. 10 years ago, we produced a lot for the US market in our factory, now I think, almost nothing.

Re: The US is building factories at a fast rate

#96

Post by euroderf »

marianatom wrote: post #11

Meanwhile in China: - exports plunge by 7.5% in May, far more than expected https://www.cnbc.com/2023/06/07/chinas-exports-plunge-by-7po... - profit tumbles 18% in April https://www.reuters.com/world/china/china-industrial-profits... - chip progress stagnating. Oppo chip design unit completely shut down https://techcrunch.com/2023/05/12/oppo-chip-disbands-phone-c... . Japan stops shipping semiconductor equipments to…

By your numbers and those of others, both Eastasia and Eurasia are taking it on the chin. Oceania suffers from sociopolitical rot but the economy is pretty lively.

Re: The US is building factories at a fast rate

#97

Post by wizofaus »

NoMoreNicksLeft wrote: post #45
obblekk wrote: post #2

> The US has added around 800,000 jobs in manufacturing employment over the last two years, employing around 13 million workers It's too early to know, but if it turns out the solution to decades of economic misery for middle class blue collar workers was 1. 50% tariffs on China, and 2. $100B of subsidies to chip makers and green tech... The reversal of Reaganomics we're living through will become permanent for at le…

Is a 2020s factory in any significant way similar to a 1970s factory? Given a factory from each era that produces roughly the same product and quantity, how many are employed at each? What are their inflation-adjusted wages? It seems difficult to believe that modern factories can employ enough people for your blue collar middle class dreams to become reality. The difference in population alone is 200M vs 330M. And ev…

Only half, over 50 years? That would imply less than 1.5% productivity growth rate on average, pretty sure it's been higher than that!

Re: The US is building factories at a fast rate

#98

Post by whoopdedo »

balls187 wrote: post #18
obblekk wrote: post #2

> The US has added around 800,000 jobs in manufacturing employment over the last two years, employing around 13 million workers It's too early to know, but if it turns out the solution to decades of economic misery for middle class blue collar workers was 1. 50% tariffs on China, and 2. $100B of subsidies to chip makers and green tech... The reversal of Reaganomics we're living through will become permanent for at le…

3. Global pandemic making it nearly impossible for the #1 Consumer Economy to fulfill demand. And recall Globalization was championed by Bill Clinton. Donald Trump pumped up Tariff’s against China. Joe Biden pushed for chip and green subsidies.

2019 was the icing on a cake that began baking in 2011 when a combination of earthquakes and flooding crippled supply chains.

Re: The US is building factories at a fast rate

#99

Post by mhuffman »

marianatom wrote: post #11

Meanwhile in China: - exports plunge by 7.5% in May, far more than expected https://www.cnbc.com/2023/06/07/chinas-exports-plunge-by-7po... - profit tumbles 18% in April https://www.reuters.com/world/china/china-industrial-profits... - chip progress stagnating. Oppo chip design unit completely shut down https://techcrunch.com/2023/05/12/oppo-chip-disbands-phone-c... . Japan stops shipping semiconductor equipments to…

> China is no longer the "world's factory". It will stagnate for 10+ years, similar to Japan's lost decades, but with worser birth rate than Japan today.

idk, Japan seems like it thought the party would go on forever, whereas China does seem to have clear eyes with it comes to world politics (eg. long-term investment in the rest of Asia and Africa).

> We've never seen a large portion (25%+) of a large modern economy vanish in a span of a few years.

Do you recall NAFTA? or the quick rise of China not long after? These are still studied as huge exogenous economic shocks in business schools!

Re: The US is building factories at a fast rate

#100

Post by FrustratedMonky »

FrustratedMonky wrote: post #62
standardUser wrote: post #37

Earlier quoted context omitted.

Reagan launched the Uruguay Round of trade negotiations that led to the creation of the WTO, which itself resulted from the Bretton Woods system and the General Agreement on Tariffs and Trade (pre-cursor to WTO) that were established after WWII. The US had been on that trajectory for a long time before Bill Clinton put it into overdrive!

Yeah, so many people don't read history and realize all this WTO and Globalization the US population hates, was created by the US, on purpose.

Why the downvotes? The US totally was the driving force around creating and growing globalization. How is this not known to be true, its history at this point.
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