Blasterbot
Well-known member
it says Austria and germany. not USA and germany.
peter Zeihan 2020
- Thread starter Cherico
- Start date
it says Austria and germany. not USA and germany.
Prince Ire
Section XIII
The tweet isn't saying the US is at the bottom with Germany, it's saying the US had negative industrial growth, which the chart indeed shows. Can't comment on the accuracy of the chart itself.
Terthna
Professional Lurker
The rest of mainland Europe probably won't be too far behind, so at least they won't be alone in their suffering.
The US essentially shipped its manufactering out of the country for 20 years strait.
It takes awhile for such damage to be undone, and the companies that are coming back have to deal with the slight fact that all of the workers deeply remember how their parents and grandparents got knifed in the back so you know a whole lot less trust.
Terthna
Professional Lurker
It's not just the manufacturing sector though; employees' relationships with their employers have become adversarial across the board.
hyperspacewizard
Well-known member
Is there a reason it can’t move to the USA eventually the whole world is going to have expensive labor can’t we just reverse the rust belt and spread out manufacturing across the US instead of just jumping from one cheap labor market to the next. Also that Texas has run out of people thing is something I’ll need some evidence for that sounds like some bull crap
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Terthna
Professional Lurker
Unfortunately, that reason is the fact that business culture became obsessed with disregarding long-term stability in favor of short-term profits. They would rather save an extra five cents total (not per item; total) this quarter in manufacturing costs, even if it meant doing something that would bankrupt the company the next.
Poe
Well-known member
Okay but Germany not existing in ten years is the most bullshit prediction I've ever heard
Terthna
Professional Lurker
A Germany will exist; but not one we're familiar with, and I think that holds true for most of Europe.
Green tech might get fucked by rising capital costs:
Peter tries to explain stuff about the Israeli evac order:
Peter tries to explain stuff about the Israeli evac order:
Peter talks about the Indians assassinating a Sikh in Canada:
Shale Revolution part 2:
Peter on a podcast talking about Israel-Palestine:
He then explains why this isn't the start of World War III:
He then explains why this isn't the start of World War III:
Time for Canada to deal with high labor costs, because that's the new standard for North America:
PeaceMaker 03
Well-known member
Labor cost are not high in any way shape or form, unless you are comparing cost to slave labor in China or Vietnam.
1968 labor cost was 34% of overhead for US Manufacturing.
Today 2017 labor was 3% of overhead for manufacturing.( might be 2016, it has been 4 years since I took that class).
The dollar in 1968 is not the same as today.
1968 labor cost was 34% of overhead for US Manufacturing.
Today 2017 labor was 3% of overhead for manufacturing.( might be 2016, it has been 4 years since I took that class).
The dollar in 1968 is not the same as today.
Even in China the price of labor is going up so much so that the price of mexican labor has been cheaper and more skilled for years now. Fact is at the end of the day society basically made it really hard to have children and now there are fewer adults. Immigration is a limited solve because this problem is global.