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America’s semiconductor boom [video]

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Re: America’s semiconductor boom [video]

#81

Post by oblio »

nebula8804 wrote: post #36
yieldcrv wrote: post #14

Earlier quoted context omitted.

Have you seen how much of a premium Americans are already paying for chips in the face of constrained supply? Gamers are still buying them and so is everyone else Given that this is the same curiosity and question since pre-pandemic and now we have many examples of a premium, I think its not a real worry as long as the chips perform

I keep seeing this in every industry. "We can't give up America because they buy so much" "China needs the American market because they can't make up the numbers for the rest of the world combined in the short term" Can people here help answer where the heck does everyone have the money to buy all this stuff? Especially post COVID with all the layoffs? The US is only 5% of the world population. Europe isn't that poor…

The US is about 40-60% richer than Europe and the US probably has half the world's disposable income plus a voracious appetite for conspicuous consumption.

Some of that consumption is stupid from a sustainability perspective. For example:

Car dependency means that:

- both the initial cost of transportation

- and the ongoing cost are higher

- while the quality of life and health outcomes are worse

than for decent active transportation.

However no one can deny that the money is there in the US.

There are many cases of "money for the sake of money" in the US (healthcare and ultra processed foods being other examples), but again, the US is good at making money. Large, educated workforce on top of a humongous chunk of prime global real estate.

Re: America’s semiconductor boom [video]

#82

Post by corimaith »

nebula8804 wrote: post #36
yieldcrv wrote: post #14

Earlier quoted context omitted.

Have you seen how much of a premium Americans are already paying for chips in the face of constrained supply? Gamers are still buying them and so is everyone else Given that this is the same curiosity and question since pre-pandemic and now we have many examples of a premium, I think its not a real worry as long as the chips perform

I keep seeing this in every industry. "We can't give up America because they buy so much" "China needs the American market because they can't make up the numbers for the rest of the world combined in the short term" Can people here help answer where the heck does everyone have the money to buy all this stuff? Especially post COVID with all the layoffs? The US is only 5% of the world population. Europe isn't that poor…

Most countries are surplus countries and to maintain that competiveness they do alot of things that ultimately weaken their consumption to go into investment instead. They also a buy alot of US treasuries, giving USA alot of credit.

Because of this, the US dollar is the reserve currency and quite strong, which combined with strong credit means that Americans are quite incentived to spend. Another point is that this dynamic concentrates jobs in high paying roles like Finance, leading to a "winner takes all" economy. Which is relevant because 50% of consumption is done by the top 10% of the population.

Re: America’s semiconductor boom [video]

#83

Post by nosianu »

eru wrote: post #71
nickff wrote: post #57

Earlier quoted context omitted.

Even this forum can’t decide whether skilled personnel are a boon because they positively contribute to the local economy, or a negative because they undermine employment prospects for locals.

I don't know about this forum, but mainstream economics (and quite a few of the more niche approaches, too) is pretty much all in favour of open immigration for all skill levels.

I don't think you can say that. They are neither for or against, they make (or try to make) predictions what happens in either case. Who benefits and who loses is not the same in those cases, it's not linear. If you wan to be "for" or "against" you have to take a side. Doesn't mean they don't have opinions too, but two economists that each favor different outcomes may still agree on the methods of their field.

Re: America’s semiconductor boom [video]

#84

Post by eigart »

x3n0ph3n3 wrote: post #39
ojbyrne wrote: post #16

Earlier quoted context omitted.

New CEO started in March, I vaguely recall him cancelling fabs. https://en.wikipedia.org/wiki/Lip-Bu_Tan

So are they going to give back the money they got from the feds to build them?

Didn’t the feds just get 10% of the company?

Re: America’s semiconductor boom [video]

#85

Post by 0xDEAFBEAD »

tick_tock_tick wrote: post #78
nebula8804 wrote: post #36

Earlier quoted context omitted.

I keep seeing this in every industry. "We can't give up America because they buy so much" "China needs the American market because they can't make up the numbers for the rest of the world combined in the short term" Can people here help answer where the heck does everyone have the money to buy all this stuff? Especially post COVID with all the layoffs? The US is only 5% of the world population. Europe isn't that poor…

> Europe isn't that poor and many chunks of Asia have a lot of wealth now. Europe is that poor and while lots of Asia has wealth not by comparison. > Yet America's appetite and more importantly capability of absorbing all manner of goods remains unimpaired...how?! We are just that much richer. It's honestly mind-blowing how much more money the average American has then anyone and everyone.

The most frustrating thing is how successful populist politicians have been at convincing voters that the US is actually going to shit and needs radical change. It becomes a self-fulfilling prophecy when said politicians start chipping away at the underpinnings of our prosperity. Wake up America, you actually have it pretty good.

Re: America’s semiconductor boom [video]

#87

Post by chrsw »

tick_tock_tick wrote: post #78
nebula8804 wrote: post #36

Earlier quoted context omitted.

I keep seeing this in every industry. "We can't give up America because they buy so much" "China needs the American market because they can't make up the numbers for the rest of the world combined in the short term" Can people here help answer where the heck does everyone have the money to buy all this stuff? Especially post COVID with all the layoffs? The US is only 5% of the world population. Europe isn't that poor…

> Europe isn't that poor and many chunks of Asia have a lot of wealth now. Europe is that poor and while lots of Asia has wealth not by comparison. > Yet America's appetite and more importantly capability of absorbing all manner of goods remains unimpaired...how?! We are just that much richer. It's honestly mind-blowing how much more money the average American has then anyone and everyone.

I'm American and I applied to a software dev role at a European tech company some years ago. The job looked interesting and I thought it would be a fun adventure living abroad. I was shocked how low their salary range was. Even if I got their best offer for that position it would have been less than half what I was currently making. I figured it would be pointless to even to try to negotiate so I just left it alone.

This makes me wonder though, is this sustainable?

Re: America’s semiconductor boom [video]

#88

Post by rsynnott »

eru wrote: post #69
WillPostForFood wrote: post #44

Earlier quoted context omitted.

Intel didn't cancel any fabs in Arizona, one just came online. They killed plans Fabs in Poland and Germany, and the Ohio fab is on hold. You don't get the money up front, so nothing to give back.

Though the relevant governments in Poland and Germany probably spent a lot of time and effort (and money). Only some of them they will get back. But I guess that's a risk they knew they were taking.

I doubt there was much; the sort of outright subsidy the US sometimes does is usually classed as unlawful state aid in the EU (there are exceptions; in particular member states were allowed to bail out/nationalise their banks in the financial crisis. But subsidies to random foreign companies would generally be illegal; see the Apple tax case).

Re: America’s semiconductor boom [video]

#89

Post by rwmj »

nosianu wrote: post #83
eru wrote: post #71

Earlier quoted context omitted.

I don't know about this forum, but mainstream economics (and quite a few of the more niche approaches, too) is pretty much all in favour of open immigration for all skill levels.

I don't think you can say that. They are neither for or against, they make (or try to make) predictions what happens in either case. Who benefits and who loses is not the same in those cases, it's not linear. If you wan to be "for" or "against" you have to take a side. Doesn't mean they don't have opinions too, but two economists that each favor different outcomes may still agree on the methods of their field.

Economists generally point out that the world would be a lot richer with open borders. You can of course argue about whether its desirable to be richer.

https://www.economist.com/the-world-if/2017/07/13/a-world-of... (https://archive.ph/TFS4G)

Re: America’s semiconductor boom [video]

#90

Post by eru »

nosianu wrote: post #83
eru wrote: post #71

Earlier quoted context omitted.

I don't know about this forum, but mainstream economics (and quite a few of the more niche approaches, too) is pretty much all in favour of open immigration for all skill levels.

I don't think you can say that. They are neither for or against, they make (or try to make) predictions what happens in either case. Who benefits and who loses is not the same in those cases, it's not linear. If you wan to be "for" or "against" you have to take a side. Doesn't mean they don't have opinions too, but two economists that each favor different outcomes may still agree on the methods of their field.

Net benefits are positive from open migration.

Not just net benefits when you include the foreigners, but also just netted over natives.

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