Posted on 12/19/2014 10:36:08 AM PST by SeekAndFind
According to technology expert Vivek Wadhwa, "One of the things that has begun to worry me is the fact that I'm seeing change happening at a scale which is unimaginable before and that it's impacting industry after industry after industry."
"Every industry I've looked at I've seen a trend of major disruption happening," says Wadhwa in a new piece for Big Think.
Wadhwa is a fellow at Rock Center for Corporate Governance at Stanford University, director of research at Center for Entrepreneurship and Research Commercialization at Duke, and Distinguished Fellow at Singularity University.
Wadhwa tells how manufacturing will be dramatically changed due to robotics and 3D printing. "As of this year, it is cheaper to manufacture in the United States than it is in China, he says.
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well, most of the high tech equipment is manufactured in Communist China and other foreign lands
and most of the designers and programers of that equipment are either IN Communist China or India or other foreign lands, or they are from China or India, etc.... taking jobs in SillyCon Valley and other “American” high tech factories ... imported, largely, by the executive management of said firms so that they don’t have to hire USA citizens...(see, for example, the following article from today’s news cycle...but this problem has existed for many years, its only gotten more and more pronounced in the last four or five years but this problem dates back a long time as the “American” companies have liked the “better work ethic” of the “more productive” foreigners...)
So, with much of the equipment made overseas and then most of it designed and coded by foreign workers (both overseas and working in USA jobs)... “what’s to worry??”
/s
He said that the government would control all the robots and production and just send everyone a check to buy what they need.
Didn't I recently read that half of Americans are on government relief now?
In the year 2525, if man is still alive
If woman can survive, they may find
In the year 3535
Ain’t gonna need to tell the truth, tell no lie
Everything you think, do and say
Is in the pill you took today
In the year 4545
You ain’t gonna need your teeth, won’t need your eyes
You won’t find a thing to chew
Nobody’s gonna look at you
In the year 5555
Your arms hangin’ limp at your sides
Your legs got nothin’ to do
Some machine’s doin’ that for you
In the year 6565
Ain’t gonna need no husband, won’t need no wife
You’ll pick your son, pick your daughter too
From the bottom of a long glass tube
In the year 7510
If God’s a-coming, He oughta make it by then
Maybe He’ll look around Himself and say
“Guess it’s time for the Judgement Day”
In the year 8510
God is gonna shake His mighty head
He’ll either say, “I’m pleased where man has been”
Or tear it down, and start again
In the year 9595
I’m kinda wonderin’ if man is gonna be alive
He’s taken everything this old earth can give
And he ain’t put back nothing
Now it’s been ten thousand years, man has cried a billion tears
For what, he never knew, now man’s reign is through
But through eternal night, the twinkling of starlight
So very far away, maybe it’s only yesterday
2013 marked the first year that there was no net outflow of manufacturing jobs.
The trend currently in the USA is re-shoring. Something like 50% of US companies in China are at various stages of re-shoring their operations to the USA.
The long communications and supply chains are too expensive.
This all sounds pretty good. I don’t knowmwhy Wadhwa would be worries.
Disruptive technology, despite it’s name, is usually a huge positive.
This, especially, would be a tremendous benefit: “”As of this year, it is cheaper to manufacture in the United States than it is in China, he says.”
Yet, this article is a bot all over the place. And anything associating itself with “The Singularity” is a bit suspect in my mind.
that may exist in some companies but in SillyCon Valley there are thousands of firms making high tech gear and coding it, or both.
And some of the most prominent, largest companies are reportedly continuing their long-standing practices of importing foreign workers in large numbers.
And many (indeed, an article from just a couple years back reported that MOST) of the new startup firms in the high tech SillyCon Valley area are started by foreigners.
Gotta give credit to the Chinese engineers, Indian programmers, and similar foreign workers. They have built a very positive reputation for their peoples.
The long communications and supply chains are too expensive.
...
Most CEO’s know how to climb the ladder and stab people in the back, but little more, or may have an Ivy League degree in addition to the above. They follow trends like everyone else.
So, we won’t have to do anything?
If we don’t have to do anything, everything costs nothing.
If everything costs nothing, what is the need for money to “buy” anything?
At the margins, disruptions are devastating. Buggy whip manufacturers hated the car. But some “Coach Makers” found a way. Optometrists HATE cheap eyeglasses on the rack at CVS, Rite Aid etc ... but, if that’s all you need, that’s all you need. The examples are endless.
Creativity, talent and hard work will ALWAYS rise to the top. The US benefited from being the only thing left standing after WWII. Now, let the games begin. Anything artificial, non-productive or friction-inducing will be turned away.
Get the leeching hoardes and the Gub-Mint out of the way, follow the US Constitution, practice sound money policy and only intervene when US INTERESTS are involved and just WATCH what will happen.
Chi-Comms, Socialists and the Sand Rats of the mid east will have NOTHING to keep them afloat.
After the coming “re-set”, it will once again be “Morning in America”.
A fella can have a pretty good time with a check and a robot.
Manufacturing moves back to the USA finally, but this time under the banner of “full employment for robots” ... LOL ...
I have long maintained that one of the most destructive things to happen to the American economy was the rise of MBA programs.
In the old days the President of a steel company was a guy who came up thru the ranks and ate, slept, breathed making steel.
Today they’ll just as easily take a guy with an MBA from a company that makes gloves, software or soda pop who knows all the tricks of maximizing profits. But not jack about making the product.
Plus they are tired of the Chinese stealing their intellectual property and trade secrets, and producing competing knockoffs.
Nicely put.
Market forces will always prevail but can be suppressed by the distortion of stupid laws designed to grow the government.
One problem we have now is that our GDP is calculated using algorithms that only account for physical product, a remnant of the industrial age. We make economic decisions on these obsolete numbers.
When we start measuring intellectual capital and innovation, our true resources and a large part of our “work product,” I’ll bet the financial world will see an entirely different, more accurate picture.
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