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In response to
"Of course it seems positive. I'm just surprised it's the first I've heard of it. If true this seems to suggest that the manufacturing sector is headed"
by
Mel Profit
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Manufacturers have huge incentives to update their equipment, as a way to increase productivity and keep labor costs down.
Posted by
con_carne
Jul 31 '12, 10:31
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That new equipment needs skilled people to run it. The likes of China and Mexico have us beat with regards to unskilled, low-paid labor. That's obvious. The US has an edge in skilled labor because of our educational institutions, but IMO it's only a matter of time before those countries catch up.
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