RE: Technology And Demographic Changes
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Why would a company pay a Chinese firm to produce its product if it can buy the same robots and produce it at home?
Just given how long it takes for things to spread, I don't see this happening for at least a few new years. Even with robots taking over jobs (at a lower cost than a normal worker), people are adverse to change. So they will continue to do so as the economy changes so it will take years for anything to take place. I don't see a future in the job industry and I am even worried there will be no job market when robots take over.
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People are adverse to change but companies are not. And if there is a choice of being in hot water again due to a pandemic or saving their quarterly earnings, we know what CEOs and other executives at corporations will opt for.
Look at how fast the automation already is happening in the West due to COVID. These companies cannot automate fast enough. Now we are seeing further supply chain issues.
Do you think Ford is not taking a very close look at their semiconductor issue and making plans for the future?
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I think they probably are. But I still think Ford itself is only going along with the mainstream idea of EV adoption. In their opinion if everyone else is suffering then its fine. But I think they decided to make changes to the semi-conductor issue purely because Tesla has been showing how bad they look in comparison.
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Well yes the EV push might be monkey see, monkey do. However, the supply chain issues are far bigger than just their push into EVs. And that I can guarantee is changing rapidly, even above the semis.
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