2/ if you use CNC machines to replace manual bridgeports, you can get more widgets per hour out of a square foot of shop space you can also push the machines closer, using LESS shop space if prefab steel buildings replace brick, you can buy 2x as much shop space as before
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3/ If your use of CNC means fewer defects, you now need to produce 1,001 widgets to get 1,000 working widgets, instead of producing 1,200 candidate widgets - thus savings 20% of shop space If you can CAD to design a washing machine with 1/2 as many parts, you cut floor space
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4/ ...and so it goes. The graph on the right hand side shows a SUCCESS story. People are !@#-ing inconsistent. Show them a graph of teacher or administrator salaries growing and they'll get upset "OMG OMG constant cost overruns". Show them a graph of the free market >>>
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5/ accomplishing more with less, and they'll get upset "OMG OMG stagnation - we should be SPENDING MORE MONEY." No one ever turns a critical eye on their own claims.
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6/ I assume it's accurate ... but read the footnote: it's not a percent of the GDP, it's a percent of "ag, forestry, fishing, hunting, mining, utilities..." so it leaves out huge sectors like oil, software, healthcare, electrical enginering etc >>>https://twitter.com/cat4lyst_Ma/status/1453801180413366275 …
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7/ ...and we have the same issue as before: if other industries get more efficient, then they shrink if crop yields go up per acre of land or gallon of diesel, then you would see finance climb on this graph if truck engines last longer, then finance climbs on this graph
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8/ if we develop better inventory management software so that you can have 20 boxes of diapers on the shelf with 3 boxes in the warehouse, instead of 20 on the shelf and 300 in the warehouse, then need for warehouses shrinks, we all save money ... and finance graph climbs
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Is that first graph accurate? Approaching 90% ??
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Read Strong Towns. Ongoing costs only grow with time until redevelopment, but that can't happen due to current development models that cities use.
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The real issue is energy usage, overregulation, and a dysfunctional tort system, all of which are described in the "Where is my Flying Car?" book this uncritical "manufacturing good" narrative is somewhat cringe, comparative advantage is real
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agree on all points
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