Friday, April 4, 2014

The Future - Manufacturing

One of the leading indicators that we are transitioning away from the industrial age is the collapse of manufacturing here in the U.S. Since 2001 we have lost 56,000 manufacturing facilities. Now some believe that it is because we have shipped jobs overseas (specifically China) and that is partly true. The other part of the equation is the rapid improvement and lower costs of using technology to manufacture. So not only are we losing manufacturing jobs because of the closing of manufacturing facilities, we are also losing manufacturing jobs to the use of technology, which is clearly a digital age phenomena. There are some that think we might eventually have a surge in manufacturing here in the U.S., but it will be led by technology and not greater "human" jobs. The digital age will be all about leveraging technology to improve productivity. Unfortunately there will not be a need for many workers, which is troubling.

What do you think?

http://www.zerohedge.com/news/2014-04-04/shocking-truth-about-deindustrialization-america-everyone-should-know