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Yesterday , I did a easy rough calculation about Common Motors to attempt to get at how much manufacturing job loss one may attribute to overseas competition versus automation and productivity increases. Various commenters objected that my assumptions have been too simplistic, significantly in neglecting the domestic content material in foreign autos and the significance of shifts within the provide chain over time.
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I am a scientist and innovator within the technology trade, with a broad vary of pursuits and experiences. I’ve a Physics PhD, MS in CS, and have executed research , lived in cohousing communities, run a business, and designed expertise products. Professionally, I have primarily labored on laptop safety issues. Presently I am Adjunct Professor of Laptop Science at Cornell, but this weblog represents my views only. Electronic mail me at stuart – at – earlywarn – dot – org. I do read all electronic mail, however as a result of the weblog is part-time unfunded enterprise, I typically fail to reply on account of lack of time – apologies.
Complicating your train even more is the truth that folks are likely to maintain their automobiles longer nowadays than they used to. This is largely as a result of high quality has gone up, decreasing the frequency wanted to purchase a brand new car. I think this has way more to do with the declining share of GDP dedicated to auto purchases than any of the opposite factors you mentioned.
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