Re:2022 Letter
by twblalock on Saturday March 04, 2023 @05:24PM
(#35025083)
Increased investment in automation.
Factory work is not going to come back to the west in a big way. Labor costs would make goods more expensive than customers would be willing to pay.
When there are no more humans willing to do the work for cheap, which will happen when the third world catches up with the first world, everyone (including third-world factories) will pivot to robotics and automation as much as possible.
Factory work is not going to come back to the west in a big way. Labor costs would make goods more expensive than customers would be willing to pay.
When there are no more humans willing to do the work for cheap, which will happen when the third world catches up with the first world, everyone (including third-world factories) will pivot to robotics and automation as much as possible.