Comment by seydor
8 days ago
Suppose you even find those workers. How are american products going to compete with cheaper chinese / european ones. People over there are used to much lower wages / purchasing power. You can look at Tesla vs BYD prices as an example
More likely the goal is for foreign companies to set up factories in the US for the domestic market. The US market is too big for most industries to ignore, and as they move manufacturing there, they skill up the US population.
Industries don't exist in isolation, and you need to be able to make simpler things in order to cultivate the know-how to make complex things. If China makes better phones, it won't be long until they make better drones. This is as much a strategic initiative as it is an economic one.
And BYD should be a wake up call that the US cannot compete in high value goods anymore.
>If China makes better phones, it won't be long until they make better drones.
They already do. China makes the best drones. Most of the drones in the world, most of the drones use in wars, etc. are manufactured in China, or are comprised of mostly Chinese parts.
I'm referring to the ones that carry a Q designation, not the DJI kind. China hasn't yet caught up in that domain. Electric drones are seeing a lot of use in Ukraine and other conflicts, but they aren't helping to establish air superiority.
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