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On the cover of Barron's this week "The Labor Crunch May Be Here to Stay". This will become the next major driver for semi demand as chips and semis of all types are greatly extending our ability to automate tasks from blue collar to professional to even cutting edge research. A new wave of automation is coming and most won't even see it until they are being partially or totally displaced. I'm surprised that most don't even see this coming, especially with rising labor/benefit costs increasing at a record clip. Much of this can be done with off the shelf technologies, let alone what could be done with advanced tech of a variety of types. Thoughts, additions and comments sought and appreciated.
Higher payroll taxes => Automation and/or outsourcing. US has a huge advantage in automation. Our energy costs are lower. In my very biased opinion (I bet on this), automation will win until and robots go woke. I've had my developers remove empathy from the code. It was starting to infiltrate, but we recently caught it and eliminated it.
Note: Large items such as cars, automation is located in the continents that purchase the end product.
On the cover of Barron's this week "The Labor Crunch May Be Here to Stay". This will become the next major driver for semi demand as chips and semis of all types are greatly extending our ability to automate tasks from blue collar to professional to even cutting edge research. A new wave of automation is coming and most won't even see it until they are being partially or totally displaced. I'm surprised that most don't even see this coming, especially with rising labor/benefit costs increasing at a record clip. Much of this can be done with off the shelf technologies, let alone what could be done with advanced tech of a variety of types. Thoughts, additions and comments sought and appreciated.
The world has been automating for centuries and has become more prosperous along the way. Automation brings wealth, just look at countries that are automated/industrialized and then look at the countries that aren't. The cost of many objects and services in hours worked to pay for them has dropped dramatically. It has also enabled progress on a pace considered unimaginable years ago. If we didn't have high tech automated farming much of the world would have starved to death. Increasing overpopulation is now our greatest danger and if wasn't for techs ability to mitigate damage, we would all be dead now.
Assuming competition, prices drop when the cost to produce and ship drops.
"Who is going to pay when everyone is automated away"... This is more of a question for an economic and empathetic forums. This is an engineering site. We try to automate everybody out of a job. Unfortunately we will still need plumbers, handymen, nurses, cleaning people, etc.
