| Mr Khan said: Manufacturing is coming back, interestingly (re-shoring is a buzzword you'll see in business/econ rags lately) but the issue is that the rapid automation of manufacturing is continuing just as quickly as it has been for the past 150 years, so while output is up, employment stays flat to down. Services are the future because, frankly, they have to be. Production will soon be entirely in the hands of the machines. |
Indeed, and part of the issue exacerbating that point is the US is funding less and less R/D which is where a ton of spinoff tech comes from, NASA for example, or the Super Collider in Texas. People look at these as if they're massive wastes of money and time, but they're where a great deal of new jobs that cannot easily be replaced by automation come from (until years down the line when it's become such an easy/familiar process than automation is possible), without that, we're basically just 'resting on our laurels' so to speak.
