Re:The US is building factories at a wildly fast rate
by wizofaus on Thursday June 08, 2023 @04:43PM
(#36248680)
Only half, over 50 years? That would imply less than 1.5% productivity growth rate on average, pretty sure it's been higher than that!
Re:The US is building factories at a wildly fast rate
by NoMoreNicksLeft on Thursday June 08, 2023 @05:22PM
(#36249294)
To be fair, I'm having trouble thinking of many examples of factories that might even be comparable. Auto and auto parts, obviously, are still big. But then I can't come in and say "tires" (included in the previous). What's even left?
Re:The US is building factories at a wildly fast rate
by vel0city on Thursday June 08, 2023 @05:48PM
(#36249675)
There's a number of factories around me. They make things like:
Semiconductors
Telecommunications equipment
Elevator/Lift equipment
Agricultural equipment/trailers
Aeronautical parts (both mechanical and electronic/sensor)
Planes
Helicopters
Printing services
Nutrition supplements
Cars
Just a few off the top of my head.
These all seem to be growing a lot, as I see a lot of new buildings all the time. Many of these are definitely for domestic consumption, I'll grant you that.
Given a factory from each era that produces roughly the same product and quantity, how many are employed at each? What are their inflation-adjusted wages?
It seems difficult to believe that modern factories can employ enough people for your blue collar middle class dreams to become reality. The difference in population alone is 200M vs 330M. And even modest improvements in automation has the modern factory at something like half the personnel of the 70s-era factory for the (roughly) same output.