From one piece Speed Can Reindustrialize America 8 beliefs, in the piece's order there
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korrents.com
Tariffs on imported components and machinery hurt the American manufacturers they are supposed to help.Their words
These end manufacturers (new and old) are vulnerable to tariffs on their inputs and they are the buyers that the "speed strategy" is relevant for.
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Their words
The robot arm base case saves some hourly labor at the expense of adding more skilled labor, and can easily be negative if it needs reprogramming more than a few times per year.
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Their words
Industrial policy almost inevitably consumes more skilled labor and reduces what we can produce.
+ 5 more
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Their words
Second, technologies and market structure are contextual, where the US can't simply emulate China's manufacturing.
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Their words
It has a surplus of STEM graduates that are often underemployed, while "Hukou" residency restrictions complicate hiring hourly labor in coastal factories.
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Their words
Long lead times and soft costs, fueled by the world-leading US wages for "white collar" work, are the root cause of poor performance in low-volume production because there are few units to spread the soft costs over.
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korrents.com
Reviving American manufacturing needs a better business model rather than a planned economy.Their words
Reviving manufacturing doesn't require a planned economy, just a better business model.
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Their words
The US excels at high-volume manufacturing, but not low-volume manufacturing.