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kansfacetoday at 4:20 PM2 repliesview on HN

Or possibly the return of some heavy industry?


Replies

ljftoday at 4:32 PM

I always wondered that - but will it be economical to have the plants not working in the months of the year that the energy isn't free?

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epistasistoday at 4:43 PM

I think the challenges for heavy industry aren't as much the cost of energy, as it is the capital cost, and a workforce that has lots of options for higher paying jobs.

Heavy industries are usually pretty low on the value chain in economies. They do not provide much return on capital, compared to the high tech options and service options that are available in the US, but not available anywhere else in the world.

The rest of the (non-European) world dreams of the economic opportunities that are possible in the US, from Silicon Valley tech, to biotech, to the financial opportunities. China has been trying to climb up the value chain ladder for decades, and is slowly getting there.

It's mystifying to me why people are fantasizing about climbing down the value chain in the US, to being poorer, and allocating capital to things with lower return on investment. I just don't get it! What's the appeal?

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