Re:Made in America is back, leaving US factories scrambling ...
by w0de0 on Monday October 10, 2022 @04:19AM
(#33149049)
> There are no experienced manufacturing workers… This isn't a matter of the price of labor.
Nonetheless the shortage may be addressed by increasing the price. Witness the proliferation of software boot camps.
I find myself confused this fundamental mechanism of free markets seems stuck for this market in this nation. Which hidden incentive(s) do I not comprehend?
Is it simply that decades of business acumen and planning assume cheap labor, anchoring executives’ expectations well below what is now required?
Nonetheless the shortage may be addressed by increasing the price. Witness the proliferation of software boot camps.
I find myself confused this fundamental mechanism of free markets seems stuck for this market in this nation. Which hidden incentive(s) do I not comprehend?
Is it simply that decades of business acumen and planning assume cheap labor, anchoring executives’ expectations well below what is now required?