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Re:‘Better Yield on 5nm Than 7nm’: TSMC Update on Defect Rat... by simonh on Tuesday August 25, 2020 @11:48AM (#24272550)
I think it's inarguable that globalisation has put downward pressure on wages in a lot of industries. It's also made cheap products widely available to people who could never have afforded them before, and raised hundreds of millions of people out of poverty.

On the other hand wages in China have shot up and the huge pool of cheap rural labour is mostly tapped out. Low end manufacturing is moving to other countries, Samsung now does most of their smartphone final assembly in Vietnam but those countries are smaller. That trend is playing out it's end game. Employment in the US and Europe was rising, and came close to 100% before the Pandemic.

So I actually agree with your criticism, but not that there's nothing positive about it. Things change, overall I think things are changing for the better but that's never a painless process. That's why although I'm a believing market capitalist, I also support social programs and universal health care. If corporations deserve bailouts, so do ordinary citizens. We're all in it together.

Re:‘Better Yield on 5nm Than 7nm’: TSMC Update on Defect Rat... by sprash on Tuesday August 25, 2020 @12:00PM (#24272688)
> On the other hand wages in China have shot up and the huge pool of cheap rural labour is mostly tapped out.

I would have no problem with that if it didn't happen at the cost of American worker which it clearly did.

> Employment in the US and Europe was rising, and came close to 100% before the Pandemic.

You can thank the "nationalistic" trade policies of Trumps USA towards China for that. In Europe on the other hand (which had no such policies) unemployment especially in the periphery was and is still sky high and the situation was looking pretty grim also before the pandemic.

Re:‘Better Yield on 5nm Than 7nm’: TSMC Update on Defect Rat... by simonh on Tuesday August 25, 2020 @01:44PM (#24273906)
Here in the UK unemployment was rock bottom before the Pandemic, we only had a couple of hundred thousand people who had been unemployed for more than a year.

As for globalisation, the US became the dominant global economy how exactly? Protectionism, aside from being an autocratic intrusion into the freedoms of citizens, just doesn't work.

Take the US steel industry, a main target of Trump protectionism. Yes blast furnace employment is marginally up, but steel mill employment has been hammered because it largely depends on working imported steel. The domestic furnaces can't expand fast enough to meet supply, and don't produce some of the steels needed by manufacturing anyway. As a result manufacturers consuming steel are facing inflated prices and reduced competitiveness. It's unintended consequences all over the place.

Re:‘Better Yield on 5nm Than 7nm’: TSMC Update on Defect Rat... by adrianN on Tuesday August 25, 2020 @12:12PM (#24272862)
Don't trust employment statistics you didn't fake yourself. I don't know how it is in the US, but here in Germany a lot of effort is put into making unemployment seem smaller than it actually is.
Re:‘Better Yield on 5nm Than 7nm’: TSMC Update on Defect Rat... by NortySpock on Tuesday August 25, 2020 @12:28PM (#24273062)
The US still blames the victim for their own unemployment.

We have a long way to go before the US system feels like a a kindly helping grandfather rather than an abusive angry father that blames you for not working harder.

Re:‘Better Yield on 5nm Than 7nm’: TSMC Update on Defect Rat... by akimball on Wednesday August 26, 2020 @11:06AM (#24283106)
You forgot the rape