Gurley predicts reshored manufacturing will bring hundreds of thousands of jobs, not millions, due to automation.
“And so you could calculate the total number of jobs you'd be bringing back if you brought back all this car production and it'd be hundreds of thousands. It's not millions and millions of jobs.”
Gurley argues bringing manufacturing jobs back may be futile because automation will eliminate them anyway.
“Like, if you wanna bring the jobs back there by the time you get the jobs back, there may not be any jobs. Like like at one Because of automation.”
Gurley cites Morris Chang arguing Taiwan's chip competitiveness stems from labor model incompatible with US norms.
“Morris makes the point that the reason Taiwan is competitive has to do with the labor model that exists there and the type of work people are willing to do and your ability to retain them. And he walks through his history of hiring in Texas and other parts of”
Gurley says Morris Chang identifies Vietnam or India as likely disruptors, not advanced economies like the US.
“And his says the country must more likely to disrupt Taiwan would be Vietnam or India, Not an advanced culture.”