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by bognition 455 days ago
The collapse is already happening it’s just happening slowly.

We’ve offshored manufacturing, cut funding for education, have failed to invest in infrastructure.

3 comments

US manufacturing output is higher than ever. Although it makes up a declining share of GDP since other sectors have grown faster.

https://www.macrotrends.net/global-metrics/countries/USA/uni...

Education funding per pupil has steadily increased year after year. Maybe we should spend even more, but our problems with bad educational outcomes are mostly due to other factors rather than a lack of money.

https://educationdata.org/public-education-spending-statisti...

We literally just invested $500B in infrastructure less than 4 years ago
Automation has done more to remove manufacturing jobs than offshore by a significant margin. 50-70% of job loss and wage reduction can be attributed to automation.

https://www.axios.com/2021/06/17/automation-ai-income-inequa...

Even if we bring back all the manufacturing jobs we've lost, they represent fewer positions and automation will continue to be a downward force on wages.

Factories in the US are less automated than in many foreign countries (SK, China, Germany) [0]. Same with our ports.

[0] https://ifr.org/ifr-press-releases/news/global-robot-density...

So only more automation to come, and fewer manufacturing jobs