China's Growth Model Showing Its Age
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  • bob sykes

    Ahh, the benefits of automation. All (as in all) industrialized countries are losing manufacturing jobs due to automation. This process has been going on a long time. Over the last 20 to 30 years or so, manufacturing output in the US has doubled, but worker productivity has tripled. Hence the job loss. The jobs did not go to China (also losing manufacturing jobs) or other countries.

    Eventually, a job in manufacturing will be about as common as a job in agricultural. Even less, if the Obama administration’s plans to shut down industry in the name of the enviroment succeed.

  • Jeff77450

    Someone has to design, build, maintain and to some extent operate the robots. All of that creates jobs.

  • Jim.

    Raw materials — finding new supplies if geopolitics stays stable, securing existing supplies of geopolitics take a turn for the worse — that’s going to be the major story of the early-middle 21st century.

    This planet does not have the resources to give everyone on it an American standard of living. Fortunately, America has led the way in expanding out into the solar system, and will hopefully continue to do so.

  • Jacksonian Libertarian

    The thing about the law of comparative advantage is that it isn’t static, and the advantages change constantly. So if what you have is an export model built on currency manipulation. Eventually the supply of dollars is going to grow so large maintaining the dollar’s strength against your own currency will be unsustainable. Rejoice you have arrived, and it’s time to go shopping with your ill gotten gains, sure you overpaid for the dollars, and the supply makes them worth even less than the overpaid price. But $1.15 Trillion is still going to burn a hole in your pocket, and America is ready to sell you Planes, Trains, Automobiles, Heavy Equipment, Chemicals, Pharmaceuticals, Medical Equipment, etc… and they take dollars.

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