Our economy will eventually turn around in spite of the government interference but then what. The US has always been a leader in innovation and will continue to be, but there is a foreboding change on the horizon. In today’s world when a new idea is put forth it is patented and then production is moved to some cheap labor market outside the country. We cannot lower our wages here to compete with China and it will be many years until they catch up to our wage scale. So what is the answer? I suggest we concentrate on robotics to produce our new innovations. It requires a high tech, highly education work force to product robots and robots work for even less than Chinese. Lesser trained individuals are still needed to build the robot factories and then the additional facilities to produce the new products. The Chinese can continue to make our TV’s and Gym shoes but we will be making the advanced products of the next generation.
And that is all I have to say about that.
No comments:
Post a Comment