71–80 of 527 posts
Everyone wants to give advice, no one wants to take a lead and execute anything concrete. All the talk of energy and no mention of solar, wind, batteries
Ross Perot in 1992 https://www.youtube.com/watch?v=VRr60nmDyu4 We have shipped millions of jobs overseas, and ... a strange situation, we have a process in Washington where after you serve for a while, you can cash in, become a foreign lobbyist. We have got to stop sending jobs overseas. You're paying 12, 13, 14 an hour for factory workers and you can move your factory South of the Border, pay a dollar an hour for yo…
And yet the timeframe Huang mentions does not go beyond 20 years ago, indicating his statement is little more than political posturing. Also, last I saw, he wasn’t prevented from speaking at any point in those past 2 decades and I don’t remember any mention from him about these issues despite the fact that there’s been bipartisan concerns about manufacturing in China for at least a decade. It’s almost like he’s tryin…
Earlier quoted context omitted.
If your plan relies on total coordination of the the entire globe you have no plan.
I guess, but the real issue here is that capital will mount a concerted, decades long effort, to prevent global organization of labor. Its not like its per se impossible to get enough global labor organization: its just profoundly, aggressively, even murderously, opposed by people who have power. I guess we could think of that as just "part of the reality," but I think its a little silly not to at least mention it.
Ross Perot in 1992 https://www.youtube.com/watch?v=VRr60nmDyu4 We have shipped millions of jobs overseas, and ... a strange situation, we have a process in Washington where after you serve for a while, you can cash in, become a foreign lobbyist. We have got to stop sending jobs overseas. You're paying 12, 13, 14 an hour for factory workers and you can move your factory South of the Border, pay a dollar an hour for yo…
But, I don’t think anyone is naive enough to propose such a thing seriously. It is impossible to believe that some administration wouldn’t use it for political favors.
Today We have lights out manufacturing.
One thing I would highlight, is that the issue with offshoring wasn’t the loss of jobs as much as it was underemployment.
Going from factory foreman to burger flipper is what hollowed out that class of workers.
The Root cause failure for the offshoring model for the offshoring nation is retraining difficulty.
If people could be magically retrained into new roles, then offshoring would always work.
Earlier quoted context omitted.
Indeed, this was one of the first things I thought of too. I remember well the jokes about Perot being crazy, frequently used to dismiss his views. I'll never forget talking with an educated Perot voter (a friend of mine) at the time and actually being confronted with the real views, not a shallow strawman, and realizing I didn't have any good answers because I hadn't actually thought about it. That was a good matura…
>I remember well the jokes about Perot being crazy, frequently used to dismiss his views. Was he crazy or was he made to look that way as an excuse to dismiss his views? Sitting here in the 2020s knowing what we know now about "how it all works" it sure does cast a lot of doubt upon the past.
He was a super-rich guy, who had had too many people telling him he was a genius for way too long (reminds you of anybody?), and so was way too sure of himself. A bunch of his ideas were crazy, which doesn't mean others weren't trying to dismiss his views.
Earlier quoted context omitted.
Indeed, this was one of the first things I thought of too. I remember well the jokes about Perot being crazy, frequently used to dismiss his views. I'll never forget talking with an educated Perot voter (a friend of mine) at the time and actually being confronted with the real views, not a shallow strawman, and realizing I didn't have any good answers because I hadn't actually thought about it. That was a good matura…
>I remember well the jokes about Perot being crazy, frequently used to dismiss his views. Was he crazy or was he made to look that way as an excuse to dismiss his views? Sitting here in the 2020s knowing what we know now about "how it all works" it sure does cast a lot of doubt upon the past.
Earlier quoted context omitted.
the price of metal, raw metal, coming out of factories like aluminum, steel, titanium is high because the cost of energy is high. I think it’s 30%-40% the cost of smelting it. Unless you can drop the price of energy and cheapen the raw material cost, the entire manufacturing industry will be uncompetitive. Primary smelters currently run pretty efficiently but are bottlenecked by two main factors in the USA: raw energ…
Bringing energy costs down. I see. While I'm not super well-versed in the US energy market, and I understand it's a bit complex, I do believe it's a mix of regulated and deregulated private monopolies under a bunch of regional ISOs, but there's an energy trading market down there somewhere setting spot prices, correct? So are you saying the US energy market should be, if not fully re-regulated, regulated harder, or p…
In theory, this ISO setup has saved untold millions of dollars (probably billions), by operating the grid regionally in a much more efficient manner than in the days of old. It is hard to tell though as you can't do a direct comparison very easily. The economists certainly like the price signals though, but there are numerous issues.
This doesn't make sense. Nvidia literally has offices all over the world including India (a country that gets the most flak for offshoring). So why now ? Suddenly, "offshoring bad" ? I don't buy it. I think it is more about AI data centers. I could be wrong.