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July
@july
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)
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July
@july
Ofc we all want short term gains, but there is reason to innovate in the long term game partially because all of the foundations of software for example are on the hardware side. And because technology itself is a knowledge business (you need people who know how to do these things) by gutting manufacturing- we’re forgetting how to build hardware incredibly so - and therefore it will be even harder to regain the knowledge of doing this once again at scale I’d like to see this trend reversed
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Just Build
@justbuild
Manufacturing is so risky at scale, factories become outdated faster and faster as the velocity of change increases. Not to mention the environmental damage it does, which emerging markets are willing to absorb. We'll need everything from massive gov't subsidies to offset risk and an overhaul of regulation to allow this to flourish again in the US. Will be interesting to see which take hold, I can see the value to anything to do with the military or bleeding edge tech. Everything else will be rough.
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