Did they hire those software engineers along with their unions?
Not quite. It's all about labor and getting rid of the class that used to (and could have) threatened the elites.
Not quite. It's all about labor and getting rid of the class that used to (and could have) threatened the elites.
Dude, how have you completed missed the ongoing push for AI to replace developers?
More developers isn't at odds with the previous comment. That is how you can more easily push the jobs to low cost areas! When 张三 in rural China is given his first computer he can jump right into being a programmer too. Thus you can give him the job instead of a high priced developer in America.
You haven't even put developers out of job as you must remember that I also wanted to build a thing, but couldn't because you had all the available developers tied up. Now there are two freed up who can come work for me. There is no end to all the software we want to write.
Or both. That would be my bet. The industry in general will see a decline. The massive growth in developer numbers will place enormous supply-side pressure. But certain experts who remain supply constrained along with increasing demand for those special services amid the explosion of new software being written will make a killing.
If US has both it might shift the scale a bit.
In regards to the auto industry, I'm not sure what you mean by "look where auto manufacturing investment in the US is". Most auto manufacturing jobs are still in the rust belt [1]. Most EV Production investment is in the rust belt [2].
[1]: https://engaging-data.com/auto-manufacturing-state/
[2]: https://www.assemblymag.com/articles/98988-ten-us-states-dom...
So, do we let US companies invest US consumer derived revenue in the Indian economy, just to boost profits a bit, or do we protect good jobs at home instead, and have a virtuous circle where US profits get plowed back into the US economy?
I'd prefer we look to other countries that have solved the problem in other ways, such as including representatives of the employees in the board.
Also, we need to remember that corporations exist at the mercy of the state, having received a special dispensation (corporate charter) to exist. Those companies that are not a net benefit to society have no right to exist and ought to be dissolved.