Speaking of “legendary”, he played literal Satan in the movie Legend. Huge fucking horns and everything. Also RHPS of course. Truly a legend. Too bad about his stroke, but he’s still voice acting!
Speaking of “legendary”, he played literal Satan in the movie Legend. Huge fucking horns and everything. Also RHPS of course. Truly a legend. Too bad about his stroke, but he’s still voice acting!
The wafer equipment market has more US roots than the fab market, as many tools are designed here (even if built in Asia). Their supply chains are different than TSMC/Samsung and less localized to “home country only”. Also, TSMC was bringing their supply chain with them for AZ.
Two points:
While this is inevitable, it’s also terrifying. I don’t think we’re close to Skynet, but I could definitely see needless escalation due to over-relying on AI analysis.
Yeah in fairness the article is making that leap as well. But the $ to build an EV factory or a semiconductor fab are so mind boggling that it will dwarf the new construction spend on some of the more traditional manufacturing industries. That said, there are some beautiful buildings- now vacant- in the rust belt that I wish would get re-purposed. The urban ones have likely turned into loft apartments by now, but the rural factory buildings may not ever get used again. Those old brick and stone buildings with the slanted skylights are iconic. I’m not sure they’ll ever get filled again, unfortunately.
When the government is expected to provide such generous benefits (half his salary in Spain, per the article) it seems that something has to change. It’s even good that some people are working past that age, and continuing to pay into it for others. It seems inappropriate to ask the people who are depending on the pension to reduce benefits or pay more- why not ask more of the true beneficiaries of their labor?
My US-centric view is less rosy, as we get WAY less in pension and limited healthcare…all the while there are literal billionaires who pay no taxes. Keep the benefits, tax the rich.
It is interesting that there is a lot of new construction, as it highlights the changing goods that are being produced in the US. I imagine many of those closed down factories in the rust belt/Midwest aren’t coming back, as those jobs (machining, welding, stamping, etc.) might still be done in LCC. The new construction $ is likely driven by biopharma, semiconductor, EV, and other high-tech manufacturing as the article starts to imply.
You’re not a “doomer”, as I read it more like the opposite- your defense of global trade is optimistic. Trade and specialization doesn’t work nearly that cleanly in practice.
Companies and governments saw the disruptions of the past few years and realized that there are unaccounted for costs (and benefits) to the global supply chain. COVID, shipping disruptions (strikes, Evergreen, prices), the chip shortage, etc. all have taught a lesson about the diversification of supply chain risk. Decentralization isn’t less efficient when you include those costs. So it makes more sense now to make goods in America for America, and make goods in China for China. Not all goods, obviously, but the scales have shifted…and that’s a good thing for the health of global supply.
For more modern CT-likes I would recommend Chained Echoes and the soon-to-be-released Sea of Stars. Chained Echoes was fantastic.