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Doncarlo
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Comments by "Doncarlo" (@doujinflip) on "The Price of America’s New Factory Boom" video.
Millennials are entering their prime productivity years now, increasingly executive positions too.
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According to the Smiling Curve model, manufacturing is the lowest added-value middle of the production chain compared to R&D (valuable IP) in the beginning and Sales & Services at the end. This explains things like why factories are so cost-sensitive and easily offshored, why well paid office jobs don't stray far from high-tax coastal cities and states, and why entire countries fail to break out of the middle income trap.
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So you'd rather let the Chinese continue their dumping while we stop supporting our own industrial development?
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What they want but don't say is the same lifestyle with more buying power. Problem is their low-density weakly-regulated lifestyle isn't conducive to improving said buying power.
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Not conservative Boomers, they'll have unrenewed licenses if not be buried by then. Younger Millennials and Gen Z aren't so concerned about "range" as they are lower ongoing transportation costs and improved air quality.
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Efficiency and resilience are competing interests: "wasteful" redundancy and "uneconomical" alternatives immediately becomes vital when the one source gets disrupted.
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