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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Wyätt Gwyön who wrote (15424)12/11/2003 1:36:12 PM
From: GraceZRead Replies (1) of 306849
 
You are ignoring the fact that manufacturing increasing involves less labor and less energy.

In my biz, a single person with a modern computer does the work that 100 photo lab techs could do just five years ago and with almost zero consumable costs. In fact my cost of goods is so low I routinely send my product to China! To think that China will use energy the way we used it when we were ramping up our industrial base in the fifties and sixties means you are dismissing the considerable progress in materials science and automation. Prices of manufactured goods aren't on a downward spiral solely because we found cheap labor but because we've developed methods for producing goods by continually cutting down the amount of labor in these goods as well as the amount of energy needed to produce them.
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