| ▲ | PowerElectronix a day ago |
| In a grown up world with grown ups ruling countries and acting rationally, this would just be efficiency increase in the markets. The US do high qualification job like engineering design, state of the art manufacturing and the such and other countries go to manufacture nuts, bolts and magnets that are mainly low qualification jobs for cheap. But, we don't live in that world and the magnet dudes wanna wield the magnets against us and the high quali jobs dudes somehow wanna go back to making nuts and bolts. |
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| ▲ | smallmancontrov a day ago | parent | next [-] |
| In a grown up world with grown ups ruling countries and acting rationally, we wouldn't have let shareholders sell our Rare Earth processing to the Communist Party of China for a quick buck. |
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| ▲ | PowerElectronix 20 hours ago | parent [-] | | Not a quick buck, it's just so much cheaper to have them manufacture magnets and us the cool stuff, plus the other way around would be pretty hard to pull off. | | |
| ▲ | smallmancontrov 15 hours ago | parent [-] | | It was absolutely a quick buck compared to the price paid by American Labor and, soon, the price paid by America itself. This is such a clean example of both single-sided accounting and market externalities that you have to be very deep in the neoliberal sauce to think that prices are their own justification, rather than the resultant of intentional policy decisions meant to benefit one small group of Americans at the expense of the rest of us. |
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| ▲ | theteapot a day ago | parent | prev | next [-] |
| Your so called grown up world sounds like the delusion neo-liberal free market thinking that got the West here in the first place. |
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| ▲ | PowerElectronix 20 hours ago | parent | next [-] | | It works fine for the most part, we have cheap chips (not right now, though) cheap parts of cars, cheap TVs, etc. That are manufactured in developing countries (helping them develop in the process) and designed in developed countries (where only this stuff is possible to design). It just breaks down when bad actors go against reason for long enough, but the market also corrects for that changing supply chains. | |
| ▲ | Ohentis 14 hours ago | parent | prev [-] | | Got the West where? Massively successful and prosperous? | | |
| ▲ | smallmancontrov 14 hours ago | parent [-] | | Two generations and counting who can see that they are less successful and prosperous than their parents. | | |
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| ▲ | epolanski a day ago | parent | prev | next [-] |
| > the magnet dudes wanna wield the magnets against us It really doesn't feel like that's the case, but media and US politicians seem to have convinced the average Joe that every other country is an adversary trying to start a fight or something. |
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| ▲ | vrganj a day ago | parent | prev | next [-] |
| Why would the magnet dudes accept that the US gets the high quality jobs and they get to be powerless forever? |
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| ▲ | PowerElectronix 20 hours ago | parent [-] | | Not forever, soon enough (or even right now, actually) China will be developed enough that it'll make economic sense to outsource manufacturing of certain goods to other developing countries. although it seems that the CCP has a problem with this and expects to be the manufacturing hub of the world forever. |
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| ▲ | idiotsecant a day ago | parent | prev [-] |
| its a mistake to think that the US will have any kind of monopoly on 'high qualification' jobs when the social convection engine that labor powered is dead. We are becoming a nation of finance bros, vibe coders, and a growing and permeant underclass of just about everyone else. The rest of the world has caught up after the postwar era and if we want to compete, we need to cut out the cancer that is systemic massive wealth disparity. A healthy society finds roles for all it's citizens, not just the ones with the right credentials. |
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| ▲ | atrus a day ago | parent | next [-] | | I see this a lot, people somehow under the belief that high-skill/high-paying jobs will remain here and the low-skill/low-paying jobs stay over there. And then are somehow shocked and surprised when other people also want those high $ jobs. It's just such a tenuous grip on reality. | | |
| ▲ | PowerElectronix 20 hours ago | parent | next [-] | | Everyone wants those jobs, it's just that only delevoped countries can have them in numbers. What I whine about is wanting the low-skill jobs back from the developing countries. | | |
| ▲ | smallmancontrov 14 hours ago | parent [-] | | Again with the backwards reasoning. The jobs weren't sent overseas because they were low-pay, the jobs became low-pay because they could be sent overseas. We know this because there was a time when they couldn't be and weren't. It's a stark case-study in labor power vs trickle-down: sacrifice the former and the latter will ensure that your slice shrinks faster than the pie grows. |
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| ▲ | cucumber3732842 a day ago | parent | prev [-] | | If you've spent your lifetime voting for all the policy that sent the industrial jobs overseas you have to tell yourself that to sleep at night. |
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| ▲ | PowerElectronix 20 hours ago | parent | prev | next [-] | | There's no monopoly at all in the US. But the US society has tools at its disposal that make high qualification jobs possible (high end tooling, high end education with a high output of graduates per year, etc). A highe % of the population can work in high qualification jobs, but the society will also always need cleks, bakers, taxi drivers, etc. The effects that high qualification jobs have, with the higher value added to products and services, permeates all of society with higher wages than in other countries. | |
| ▲ | a day ago | parent | prev [-] | | [deleted] |
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