Manufacturing is returning to America
post-gazette.com
post-gazette.com
China's manufacturing sector is only 3% bigger than the US.
What disappeared were the unskilled jobs, and they are never coming back, because they are rapidly becoming obsolete.
Once upon a time almost everyone worked in agriculture. Now it's about 3%, and that 3% produces more food than ever. Expect the same thing to happen to manufacturing.
It may turn out that the time window in which a developing country could ride the outsourcing train to prosperity was actually only a few decades wide.
This. To get a job, the new requirement is to be able to do something that a robot can't do. And robots are improving rapidly.
Just like steam shovels put ditch diggers out of work, and spreadsheets put human calculators out of work, robots are putting factory workers out of work. As their dexterity and visual abilities improve, and their cost decreases, they'll start taking over other jobs: picking crops, washing dishes and cars, laying bricks, etc.
The big question, for which I don't have an answer, is whose problem it is when workers' skills become obsolete.
For example, did you know the staff at MacDonald's "manufactures" burgers?
As a reality check, how many people do you know who work in manufacturing?
BTW the only reason manufacturing is coming back is because the jobs are completely disappearing from it due to robotics and automation. From wikipedia "Employment in manufacturing ... its lowest since July 1950".
How many people do a thing should never be a measure, unless you don't care about inefficiency.
http://mercatus.org/publication/us-manufacturing-output-vs-j...
In fact, Foxconn itself is rapidly increasing its robot workforce from 10,000 robots to a goal of 1 million robots by 2014.
http://news.xinhuanet.com/english2010/china/2011-07/30/c_131...
There was an amusing frontpage HN story a couple of weeks ago which was a refreshing voice to see in a forum like this:
http://www.tnr.com/article/books-and-arts/magazine/105703/th...
Note: I'm not saying it's all guff, just saying we should apply the same critical process to this material as with anything else.
http://www.nytimes.com/2012/06/28/technology/google-and-othe...
"Google uses a contract manufacturer to make the Q. Last week it was being assembled in a large factory 15 minutes from Google headquarters. The company declined to say how many people were employed at the plant, which can run as many as three shifts each day. However, during a brief tour, made with the understanding that the exact location would not be disclosed, it was clear that hundreds of workers were involved in making the Q."
http://www.nytimes.com/2012/06/28/technology/google-and-othe...
ASUS licensing out the HW design to Google and Google contracting with a US factory for production? Doesn't sound logical to me.
http://www.economist.com/node/21552901
Considering the boldness of the economic claims, it fills in a little more background and necessary information to make this claim believable.