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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: ajtj99 who wrote (40797)4/3/2025 7:58:06 AM
From: skinowski  Read Replies (3) of 41432
 
In 1910, 40% of Americans worked on farms. 70-years later, 2% of Americans worked on farms. Nobody thought those jobs were coming back. They were lost due to increases in productivity. Why people think this doesn't apply to manufacturing jobs is mind-boggling.
China is installing as many industrial robots as the rest of the world combined. They do it in order to increase productivity. They’re also outsourcing lower paying work to countries with lower labor costs. How can we possibly bring those jobs back - and hope to remain competitive while paying American labor costs?

I thought for years that we need to automate. That would instantly make our costs competitive with the Chinese. If we can’t be competitive - having more overpriced jobs won’t do any good.
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