Awesome read. I've suspected there is a much stronger argument for manufacturing than most economists suggest, and it's good to have those supporting stats.
Although it was pretty blackpilling to see the US begging China for N95s and respirators during Covid, and somehow I felt like the only person who viewed it as a national embarrassment and call to action.
The multiplier asymetry data is striking. That 14.5x difference between manufacturing and services isnt just about job creation, its about the quality and stability of those jobs. The deaths of despair correlation really underscores whats missing from conventional economic metrics.
The question is: Manufacture what? for who? We are drowning in stuff, a fair amount of which is harmful to us or our environment, some of which is for waging war.
The scenario in the Foundation story is perfectly plausible (and fortunately, we are not that far along that trajectory), but is it the only alternative?
Awesome read. I've suspected there is a much stronger argument for manufacturing than most economists suggest, and it's good to have those supporting stats.
Although it was pretty blackpilling to see the US begging China for N95s and respirators during Covid, and somehow I felt like the only person who viewed it as a national embarrassment and call to action.
The multiplier asymetry data is striking. That 14.5x difference between manufacturing and services isnt just about job creation, its about the quality and stability of those jobs. The deaths of despair correlation really underscores whats missing from conventional economic metrics.
The question is: Manufacture what? for who? We are drowning in stuff, a fair amount of which is harmful to us or our environment, some of which is for waging war.
The scenario in the Foundation story is perfectly plausible (and fortunately, we are not that far along that trajectory), but is it the only alternative?