Some have even argued that because America’s software and internet sectors have been so lucrative, talent has been diverted away from older industries.
Please just say the quiet part loudly. Wages in manufacturing are disproportionately lower than other jobs with much less skill required. Tool and die machinists in socal have wages close to McDonald's/Costco workers.
Sorry but how is grinding a punch form within .004mm, (dis) assembling stamping dies with incredible complexity for 10hrs a day without any procedural error premitted comparable with food assembly... One could put the lettuce before the pickles and no one would bat an eye. Put the wrong die in a station and production halts for hours costing hundreds of thousands of lost profits.
I believe the same can be said about construction as well.
Naturally, making physical goods rather than virtual ones mean less margins but of course the C-level executives must have their billion/multimillion salary bonus every year... Wonder what barrel they scrape all that extra money from...hmmmmmmmmmmmmmmmmmmmmmmmmmmm