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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%Nov 10 4:00 PM EST
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To: louel who wrote (133472)5/1/2017 3:38:51 PM
From: Elroy Jetson  Read Replies (1) of 217656
 
But it's easy to understand why all the employed and unemployed, lunch-box people as you call them, voted for Trump. Trump promised to bring back their Union manufacturing jobs which are increasingly being done by robots around the world, the geographic location not being terribly important.

I don't see trying to compete with a robot as being a viable long-term strategy. The few lunch-box folks who retain their jobs because of their advanced technical training will be better off, but 95% of them have to find something else to do. Coal, hog raising? I just don't see that as the future.

This is why the Chinese government is so uneasy with Taiwan-based Hon-Hai Trading, better known as Foxconn the company which makes essentially all computers and phones. Foxconn owns none of the Chinese factories and infrastructure, the municipalities do.

As Foxconn replaces peasants with robots they employ fewer and fewer people and being close to the customer in a place with good infrastructure like California becomes more important than the "benefits" of an industrializing country. Robots which can be easily moved without obtaining foreign worker visas.

Virtually all of the innovative LED manufacturers are located in the United States with most in California, and lower end fabs in Taiwan, which exports the LED chips sans knowledge to China for assembly.

The world is in flux, best to be nimble.
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