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388 points pseudolus | 1 comments | | HN request time: 0.237s | source
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ferguess_k ◴[] No.43493912[source]
What I worry a lot more instead is how knowledge of manufacturing and engineering could be lost due to our greed.

Typical scenario: Industry I is not doing fine in country C (i.e. the fund managers are not happy about lack of growth of the public companies in this sector) due to reasons R1, R2, ..., Rn. Then management decided to outsource and eventually dismantle the factories to "globalize" it. Knowledge retained by the older generation of engineers, technicians and workers were completely lost when they passed away.

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ge96 ◴[] No.43494035[source]
Didn't that already happen with US to China from the 70s
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dudefeliciano ◴[] No.43494392[source]
german automakers are experiencing this right now
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1. aleph_minus_one ◴[] No.43494558[source]
The problem with the German automotive industry is in my opinion different: they developed cars which are not different from the kind of cars that many people in their market want.