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Aaron Sojourner@aaronsojourner.org |
Companies decided to sink billions of dollars of new investment into manufacturing plants in the U.S. after the CHIPS and Inflation Reduction Act boosted incentives for U.S. production, Check out that spike in manufacturing plant construction. It dwarfs all prior increases. 📉📈 #️⃣#️⃣
12 replies 106 reposts 267 likes
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@cloudbear.bsky.social
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@kimberlyadams.bsky.social That's a big jump!
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Intentionally Blank
@pillybilgrim.bsky.social
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There never was a free market. Sovereign influence cannot be Milton Friedman’d out of existence.
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Intentionally Blank
@pillybilgrim.bsky.social
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SK Hynix was government funded by South Korea, Japan has always invested heavily in chip plants from government money. Only part of the reason for offshoring has been for cheaper labor. A good portion is because offshore semiconductor factories got better subsidies from the host country.
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Tahar 🇺🇦 🇵🇸 🇺🇳 🇪🇺
@rochaa.bsky.social
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I wonder if that spike rivals the investment of post WWII-1960 period. Is it possible to extend the x-axis?
1 replies 0 reposts 4 likes
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Beech and Elm
@beechandelm.bsky.social
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Dear NYT & WaPo. Here is factual data that should be headline screaming. WaPo & NYT: Yeah it could be, but nah.
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peter_donnelly
@peter-donnelly.bsky.social
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Free money does that
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Aaron Sojourner
@aaronsojourner.org
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People can learn more here.
www.whitehouse.gov/invest/
1 replies 0 reposts 5 likes
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John P de New 🇦🇺🇨🇦🇩🇪🇪🇺
@denewjohn.bsky.social
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Looks like a WIN for Biden
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Ali Fleih
@alifleih.bsky.social
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Great stuff. I wish I could know how much of this money is being invested into semiconductor chips, and whether the move to chip independence is accelerating (or it will still take 10-20 years like Huang said).
2 replies 0 reposts 1 likes
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Mel in Baltimore
@mbe19.bsky.social
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Most of the manufacturing jobs are going to red states. Cause you know Biden ain’t Jared
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@processanalyzer.bsky.social
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Rapist Fraudster promises to kill this off.
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ADK
@andrewdk.bsky.social
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As someone who forecasts for a living it’s nice to see the experts get it so so wrong
1 replies 0 reposts 2 likes