Why doesn't Britain make things any more? (2011)
theguardian.com
Why doesn't Britain make things any more? (2011)
1–10 of 115 posts
Re: Why doesn't Britain make things any more? (2011)
#2The United States should study how the lost of manufacturing impacted Britain globally when dealing with China
Re: Why doesn't Britain make things any more? (2011)
#3A loss of political support for manufacturing has caused a loss of manufacturing in the US too - we wanted nice clean information jobs, no dirty factory jobs spewing chemicals all over
Re: Why doesn't Britain make things any more? (2011)
#4The United States should study how the lost of manufacturing impacted Britain globally when dealing with China
It's perhaps inevitable. The Chinese, then the Dutch, then the British, now the American. It may simply be that China becomes the next top power.
Ray Dalio on the matter:
Re: Why doesn't Britain make things any more? (2011)
#5A loss of political support for manufacturing has caused a loss of manufacturing in the US too - we wanted nice clean information jobs, no dirty factory jobs spewing chemicals all over
This isn't true at all. The US has more manufacturing capacity than it ever has.
Re: Why doesn't Britain make things any more? (2011)
#6A loss of political support for manufacturing has caused a loss of manufacturing in the US too - we wanted nice clean information jobs, no dirty factory jobs spewing chemicals all over
This isn't true at all. The US has more manufacturing capacity than it ever has. https://www.federalreserve.gov/releases/g17/ip100_f2.svg
What's the unit on that Y axis?
Re: Why doesn't Britain make things any more? (2011)
#7Re: Why doesn't Britain make things any more? (2011)
#8Re: Why doesn't Britain make things any more? (2011)
#9Earlier quoted context omitted.
This isn't true at all. The US has more manufacturing capacity than it ever has. https://www.federalreserve.gov/releases/g17/ip100_f2.svg
What's the unit on that Y axis?
I recall an article (or blog post) from a couple years ago- it made the case that US productivity had been grossly mis-indexed since the 80s, in part due to assumptions about CPU power relating to economic productivity where Moore's Law essentially inflated the numbers. Does anyone happen to remember this same article, and have a link?
EDIT: here it is, from 2012. I saw it again in 2016 when it was brought up to explain Trump's election, by way of reminding American elites just how bad "deindustrialization" and globalization really had been for the heartland:
https://www.washingtonpost.com/business/economy/economists-o...
"Moreover, at least some of the productivity gains shown in U.S. computer manufacturing reflect the increasing power and decreasing prices that come with innovation. When a computer chip doubles in efficiency, that can turn up in a doubling of output and productivity in computer manufacturing. But that is not what is ordinarily thought of as manufacturing efficiency.
“It is innovation that makes it look like they’re manufacturing a whole lot more in the U.S. than they really are,” Atkinson said."
Re: Why doesn't Britain make things any more? (2011)
#10Earlier quoted context omitted.
This isn't true at all. The US has more manufacturing capacity than it ever has. https://www.federalreserve.gov/releases/g17/ip100_f2.svg
What's the unit on that Y axis?
See this page: https://www.federalreserve.gov/releases/g17/CapNotes.htm for an explanation of how the Federal Reserve gets these numbers.