What will be the effects of increasing automation in the low skill assembly work required for manufacturing tech? Will be see more and more of this manufacturing move out of China and Asia back into the west or other countries?
What's going to happen to these counties when they no longer enjoy the manufacturing advantages gained from extremely cheap labor as it's replaced by automation?
>>62175710
>Will be see more and more of this manufacturing move out of China and Asia back into the west or other countries?
Some but not all. There's an advantage to manufacturing near where all your suppliers are, there's an advantage to manufacturing near where your customers are. Where the manufacturing happens depends on which of those wins out, modified by other concerns like which country has the more favorable tax regime.
Manufacturing that does move back to first-world countries will definitely not create high-paying-but-low-skilled factory jobs like it did in the 60s though.
First world countries don't want pollution in their lands unless some populist ape gets elected.
>>62175914
True, but how much of the reason for manufacturing iPhones in China is due to environmental costs vs labor costs. First world countries still have semiconductor fabs, and those all use nasty ass chemicals.