Peter, It's gene pool, just gene pool.
Bri can only generate so many ppl who can handle a certain math/science proplem. If all of it's ppl are working on IP then they have to give up fab.
My observation is, if a 10% of a company's engineers are struggling, ie can't do a decent/clear analysis, this location is dry,
any further investment will simply be wasted.
they should consider in invest in shoe industry instead.
I like, "But whether that is good, bad, or inevitable," to get out of manufacturing. I think "inevitable" is the best answer. And I think this is something governments can do little about, other that the usual political bleeting in search of that extra vote.
It seems to me that manufacturing will always migrate to where the labor costs are lowest, combined with relative stability of the society. It goes where management sees safe operation at a lower cost. Hard to prevent, and by the way, it isn't all bad either.
The "natural" progression ought to be that countries to which manufacturing migrates will up their standard of living as a direct result, such that the playing field becomes more leveled. We saw this happening in Western Europe after WWII, then in Japan in the 1960s and 1970s, and I expect we will see it happening in China soon.
I always marvel at those who consider themselves lefties, and at the same time they oppose globalization. It is such a contradiction that it boggles the mind.
I am always wondered how does the current trend of departure from the manufacturing compared to the departure from agriculture during the industrial revolution. Somebody need to do some research on this.