Monday, August 12, 2013

"These modern industries, they don't employ people."

From an interview with the always brilliant polymath Vaclav Smil:
 
"That book will cause me so much trouble it will be unbelievable.
 
The reason is that people think there is a renaissance in US manufacturing — but of course, there isn’t. In the past 12 years, America lost 7 million manufacturing jobs, and it got 400,000 back. Would you call that a renaissance? Definitely not. A renaissance is a glorious flowering beyond the previous state. The US will never regain those millions of manufacturing jobs. Never. Never.
People think that because fracking gas is cheap, everybody will come and locate in the US. Well, if you go to the US and make a petrochemical factory, that’s fine, but how many people does a petrochemical factory employ? Have you seen a big refinery? There are like 20 people sitting at the controls and controlling the whole refinery. These modern industries, they don’t employ people."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.