The US spent decades transitioning from a manufacturing economy to a service economy, deliberately. Now there's a populist making political hay, throwing out numbers about trade deficits, which ignores revenue from services . Yes, there is have a trade deficit on goods, that was a long-term strategy because services were a superior investment. Manufacturing is an inferior way to make money unless you're planning to g…
America is getting an AI gold rush instead of a factory boom
611–620 of 753 posts
Re: America is getting an AI gold rush instead of a factory boom
#612Earlier quoted context omitted.
Homer Simpson exemplifies this. Heres a guy that never went to college being the lead safety inspector for a nuclear power plant. He owns his home with three kids a stay at home wife and two cars and two pets(with the occasional elephant that comes and goes). A lot has changed since the writing of these characters and the world now. [1]: https://www.youtube.com/watch?v=Fp2Ey0H7OUE
My go-to example is Al Bundy. He was a loser, but most zoomers can only dream of having a house, a few kids, a car project in the garage et cetera
Re: America is getting an AI gold rush instead of a factory boom
#613Earlier quoted context omitted.
Nope… the US has been relying on the rest of the world to fund it's deficit, provide land for military bases to project it's 'power'
There’s interdependence, which is a system that benefits the world and the US. The US taxes the world with inflationary currency, and most of the planet has been relatively peaceful.
People from Vietnam, Iraq and many other countries would probably disagree with you
Re: America is getting an AI gold rush instead of a factory boom
#614Earlier quoted context omitted.
There is a really interesting generation gap issue in the replies to your comment. What I perceive as younger people are horrified at the idea of fifty year old tools while the older folks are thinking (I imagine) “if the tools have lasted that long they must be well-honed and very good”. Of course, this could simply be the perspective of someone turning 50 this year.
Roller coaster tycoon is good. The business software I have to work with from the 80s is a straight up nightmare. And I'd say most old software is in this camp.
Re: America is getting an AI gold rush instead of a factory boom
#615Earlier quoted context omitted.
What are some examples that might blow my mind?
Public transportation is on a different level and all mayor cities are connected via a high speed rail network. The latter probably will never happen in the US.
Re: America is getting an AI gold rush instead of a factory boom
#616What many Americans don't realize is that China has already surpassed the United States in terms of development (developing country vs developed country sense of the word). Obviously both are 'developed' countries at this point but compare Chinese tier 1 cities vs American tier 1 cities. I would argue Chinese tier 1 cities are 10-20 years ahead of their American counterparts. source: visit any Chinese tier 1 city (Be…
Even within the US a lot of upper class people don't know what it's like for lower class people here. It's so easy to slip into homelessness because there aren't reasonable options available to many people to live anymore.
In China they still have a huge amount of their population in a developing stage so they still have ample tools and options and knowledge for how to maintain a reasonable life in a less developed state. So it's easier to fall back to a cheaper lifestyle, and culturally it's easier too.
But in the US were generations removed from these other ways of life, so there's no options or cultural acceptance of not living a highly developed way of life. So people just go straight from a nice house or apartment with modern stuff to being homeless with little to no tools to survive.
Just my probably naive thoughts. Would love to hear others takes on this.
Re: America is getting an AI gold rush instead of a factory boom
#617Investing in AI infrastructure seems very risky to me. With how short of a lifecycle computing hardware generally has, does it make sense to blow billions on hardware that will need to be replaced in a few years? AI companies have been burning billions on hardware. Will the costs of that hardware be covered by profits before the hardware lifecycle is up? That's a big gamble. We used to talk about AI as having no moat…
Considering we're two years in and everyone's still... talking about chatbots pretty much. Yea, I'd say that's a hell of a gamble. Of course the hardware can probably be repurposed towards crypto mining afterwards, so hey!
Re: America is getting an AI gold rush instead of a factory boom
#618What many Americans don't realize is that China has already surpassed the United States in terms of development (developing country vs developed country sense of the word). Obviously both are 'developed' countries at this point but compare Chinese tier 1 cities vs American tier 1 cities. I would argue Chinese tier 1 cities are 10-20 years ahead of their American counterparts. source: visit any Chinese tier 1 city (Be…
>clean streets, no homeless, practically zero crime The US regressed on this heavily in the last generation.
Re: America is getting an AI gold rush instead of a factory boom
#619Earlier quoted context omitted.
> The business loses employees to Walmart etc. despite the factory having higher pay and significantly better benefits. I'm SUPER doubtful of this. When I last bumped into this, the local Amazon warehouse paid more than all the local manufacturing. It wasn't even close. Local manufacturing got used to being a local monopoly and being able to underpay. Now that they're not a monopoly, all they do is whine and complain…
The issue is of course there is no market for US made goods at a good salary when other countries were selling their goods in the US market without impediment. Tariffs were supposed to fix that, but now I don’t know if they are effective at all.
The Smarter Every Day scrubber demonstrates that is not true: https://www.youtube.com/watch?v=3ZTGwcHQfLY
The problem is that the US has systematically destroyed all the ecosystem required to manufacture by outsourcing everything.
Maximally efficient is minimally robust.
Re: America is getting an AI gold rush instead of a factory boom
#620Earlier quoted context omitted.
I’m sorry but this is a ridiculous take. $0.05/hr is $104 a year for a full-time job. Zero people are going to have that be the tipping point for them to take on a monotonous, often physically draining job that they’d otherwise turn down.
Yes that is my point. What business owners consider "significant" and what sane people consider significant are often quite different.