Very interesting interview, thanks for bringing it to us. I just finished Factory Girls and it's a good update to that. It's good that there seems to be more service sector jobs like the "product solutions engineer" role that indicate that workers are moving up the value chain. I do worry that if China is able to automate cheaply then some other areas of the world will not be able to use light industry as a rung on the development ladder. Some parts of Africa seem to be stuck in a low-value services trap. Thanks again for bringing us this interview.
Great interview!
Nice overview, some endogenous forces
- the go west industrialisation which reduced the supply of migrant worker for coastal regions (on top of demographics)
- shift to services - eg Hangzhou the financial industry back office to Shanghai, more emphasis on consumption such as tourism
- shanzai manufacturing, the small family firms transformed into more nimble supply chain value-add
Very interesting interview, thanks for bringing it to us. I just finished Factory Girls and it's a good update to that. It's good that there seems to be more service sector jobs like the "product solutions engineer" role that indicate that workers are moving up the value chain. I do worry that if China is able to automate cheaply then some other areas of the world will not be able to use light industry as a rung on the development ladder. Some parts of Africa seem to be stuck in a low-value services trap. Thanks again for bringing us this interview.