Yesterday , I did a simple tough calculation about Common Motors to attempt to get at how much manufacturing job loss one may attribute to overseas competition versus automation and productivity will increase. Varied commenters objected that my assumptions have been too simplistic, notably in neglecting the domestic content in foreign autos and the significance of shifts within the provide chain over time.
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I am a scientist and innovator within the know-how trade, with a broad range of interests and experiences. I’ve a Physics PhD, MS in CS, and have accomplished analysis , lived in cohousing communities, run a business, and designed technology products. Professionally, I’ve primarily labored on pc safety issues. Currently I am Adjunct Professor of Laptop Science at Cornell, however this weblog represents my views only. Electronic mail me at stuart – at – earlywarn – dot – org. I do read all e mail, but because the blog is a component-time unfunded enterprise, I often fail to answer on account of lack of time – apologies.
Complicating your train much more is the truth that individuals are inclined to preserve their vehicles longer these days than they used to. That is largely because quality has gone up, lowering the frequency wanted to purchase a new car. I think this has much more to do with the declining share of GDP devoted to auto purchases than any of the opposite components you talked about.