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screye | 1 month ago
Unions sabotaged automation efforts and limited hours worked. Quarterly financial pressures kept research investments to a minimum. Nations refused to scale up nuclear, and cost of electricity kept rising. The one well-run EV company (Tesla) decided to destroy its brand value overnight. Toyota went on a pig-headed hydrogen tangent and Honda still hasn't tried to make an EV. Korea has done surprisingly well. But, they're the exception that proves the rule.
China's rise as a manufacturing superpower was inevitable. But its rise as an automotive superpower involved major capitulation by the primary competition.
malfist|1 month ago
jonkoops|1 month ago
abdullahkhalids|1 month ago
It's completely rational for unions, and the workers, to prevent automation. The short term results of automation are only negative for workers, and positive for every other part of the market (customers, suppliers, capitalists). The results might be positive in the long run, but why should only one group suffer.
Perhaps, the capital-owning class could make the deal positive for the workers by giving the workers ownership of a substantial portion of the firm. Then whats good for the firm would become good for workers, and the union would not oppose automation so much.