by Minrott » Thu Dec 21, 2006 8:42 am
Actually, I don't have such dire predictions about US manufacturing as I used to. I think what's happened in the last 10-20 years has simply been a natural culling of the manufacturing industry. Manufacturers producing a low skill to build product of course had to go over seas, top heavy companies buckled under their own weight, and anyone left after that who was too stubborn to see that in order to compete with low wage labor they would have to actually move ahead technologically and idealisticly were either sold out or bankrupt.
What's left today I think is here to stay for quite a while. The industries that are left are doing more with less people, continually improving quality control, continually improving automation, and producing a product impossible to produce with a low wage low skill labor force.
Look at Germany. If you think that American industry is so bloated and fat that it'll "all be in china" soon, then why are they still building and exporting and competing with their 32 hour paid for 40 weeks? Because they concentrate on producing things that require a high degree of technology, innovation, quality control, and when it comes to certain things, that makes it worth paying a higher price than Zing Zang would charge.
Molon Labe