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Yes, but no. Automation could, should and will bring back more manufacturing towards the west, in the sense that the west will produce more goods, in terms of
by MartianSquirrel 6y ago
Yes, but no.
Automation could, should and will bring back more manufacturing towards the west, in the sense that the west will produce more goods, in terms of net quantity/value compared to today.
It does not necessarily mean more jobs.
It does not mean the west will produce a higher percentage of global products.
Paul Krugman, amongst others, has written about the subject, I will try to link articles once I get home.
Quick edit: example: GM produces more cars than before the crisis but employs less people
Edit 2: here's one https://www.scientificamerican.com/article/krugman-trade-jobs-wages/ https://www.scientificamerican.com/article/krugman-trade-job...
- Tycho 6y agoMight not mean more jobs in the west, but I suppose it will mean less jobs for the east.
- MartianSquirrel 6y agoNo, the job market isn't zero sum. If the west produces more goods/services it needs a higher input of lesser tier goods and services to which value can be added.