Engineering

I do lament the destruction of manufacturing, or at the very least the lack of innovation and investment in manufacturing in the United States in the recent past. 

A lot of it has to do with because labor has become so expensive. There is a ofc - a future where robotics, and embodied AI helps with manufacturing and increased abundant production at lower costs (a story for another time); but the reality is it’s not going to happen immediately, or at least let’s say in the next 3-5 years. 

But I think one of the main reasons is businesses in general have prioritized gains (because of the way the public equities and returns work) in focusing on gutting manufacturing (i.e. business that can be done for cheaper somewhere else) overseas for the past 2~3 decades is because multiples on software, financial engineering and knowledge work in general have better returns investment wise, so these underlying businesses have been generally cut or just go unsupported or over regulated (or regulatory captured)

creating and destroying; built flying cars & autonomous vehicles, now building /faust, more here: /july, web: july.rocks

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