The price of cases swings with the weather and there's no refund on the cans, you guys buy aluminium from us, not the other way around remember. When you open up a can the only thing you feel is heat, so wear oven gloves!
Near term. But long term, I disagree Noah. And since this thread hasn't been moved to "Politics" yet... allow me to throw some things out there, and perhaps sow some seeds in the minds of the actual investors here. All this stuff will take time of course... but there is no reason in the world we can't make "underwear" as cheap as anyone else. All that was yesteryear... everything has changed. Now of course there are those on this thread and those that will read this thread that lack even the slightest modicum of visionary-ness (sic) ... but here's the future... and this is what the real brains are whispering in Trump's ears. Shoes, clothes, you name it... none of it needs to be labor intensive anymore. The advances in robotics and AI in the last 10 years have been exponential to say the least. We don't need children locked inside a factory earning $5/day assembling $250 Jordans anymore. We don't. Just give it time. We will be making all kinds of stuff here, with very little labor. And we will lead the world, because we have the technology. Times are changing and as I have said a dozen times, we are at the tip of the iceberg. And to you investors that I mentioned above... find the right stocks (or even one stock) that is on the cutting edge of this stuff. The robotics part. I have followed the ISRG story pretty much since its inception, and made a pile of money although I no longer own it. And yes what they do has nothing to do with robots making shoes... but their patents. And there's other companies out there right now, many probably private at this point, but find the company who's working on making machines that can make a pair of custom Nikes or a pair of tighty whitey's and the matching tank top... or anything else... and that company is going to explode. And all those sweat shops in Asia... they'll be vacant buildings because we'll be making all the crap people buy now right here within our own borders. Elon knows this. A few others do too. Trump... well he'll listen. It's the dawn of a new era, but it is gonna take time. Find that company... because it exists. Maybe it's in the garage of a couple geeks right now... or maybe it's in Elon's skunkworks... but we haven't seen anything yet. Shoes... lol. Like I said... sweat shops will soon be as antiquated as granny's pot-pelly stove. Just give it a little time, we'll have all the Air Jordans we need and they'll never see the inside of an intermodal container. Unless it's outbound. ~vz
And since robots don't require an income, which clearly saves the company lots of money, what kinds of people will be able to afford the underwear, even if it is cheap? California showed what raising the minimum wage for fast food workers would do. Many chains closed down. I'm not sure what happened to those people, but were they able to find jobs elsewhere? So sure, automation brings the production back to the US, but it still doesn't create jobs. If the technology gets so good that all clothes are made by machines, what will half of the population do? I assume if a robot can make clothes, they will do much of the manual labor. Maybe only elites will wear underwear, and then, there really is no need for mass production anyway.
Exactly. Which means it won't create anywhere near as many domestic based jobs as rightwingy economists and the "Person, Woman, Man, Camera, TV" guy claim.
I have no idea. That's not why I penned the post. Had someone said in 1875 that this new thing that burns petroleum distillates inside this funny looking iron box that generates incredible torque that can be geared to incredible speeds, would someday be used to build a machine that would replace the horse and buggy... I'm sure they'd have garnered similar responses. I guess since I mentioned Musk etc, the post instantly becomes polarized here in the tribal world of ET forums. That was not my intention.I would have written the same post if Kamala was in office. I write what I feel, and I write what I know. So whatever... But it is going to happen. This post is no different than the others I make of a premonitionary nature. When I fly a wave, I write it down. That little (~vz) at the bottom... that's your clue. See ya.
And man did I feel that wave yesterday at 2:48 PM yesterday when I told Schiz that before the close the SPY could make a run at vwap and bottom at $572.80+/-. Pull up a one minute chart and look at what happened an hour later. To the penny. That wasn't my joking "magic pencil"... it's what I "felt." So I wrote it. Yeah I know, it was just a lucky guess. Whatever. ~vz
People do always say that previous technological advancements have just created new jobs, but AI and robotics just isn't the same. In fact, I would argue that we should have already seen a decrease in the number of hours necessary for the work week. The reason all this productivity isn't going to the workers is because the system steals it. Us bitcoiners have learned all about this. We should have a shorter work week by now but instead, governments waste money and we know lots of people are doing useless jobs. The price of things should be coming down, which means not as much work is necessary, but when instead prices go up because of the fiat system that is designed to steal your money, you're always losing vs. getting ahead. So I agree with you that robotics is guaranteed to disrupt, but not until we change the way the monetary system works because the productivity gain isn't compatible with the current monetary system. This is my premonitionary nature coming out and its all quite clear to me, but I'm just not sure about the time frame. If we keep holding onto the idea that governments create money, and positive inflation is always the target, and that the system requires money to always be borrowed, and hence paid back with inflated dollars, then the robotics dream will never materialize.
Nixon messed us up when we got off the gold standard. This fiat dollars ain't good. If the US $ was not the world reserve money we would be in terrible shape. We better off to get off reserve train wagon tack our hits and medicine get back on gold. It is one big ponzi scheme.