And about half are Japanese companies moving production to the UK out of China

https://twitter.com/britainelects/status/1181585075282087936

Not sure why they're not moving it to Vietnam

IE, the *new* China.

So yeah, the financial sector might be having a heart attack at the slightly lower than 10 year average growth and dip into negatives.

But the engineering sector is doing absolutely fine

Hence why I don't fear brexit at all

Nathan

Automation is cheaper than people

Doesn't matter where you go

Really? Even for cheap tat?

Yes

I can understand mass-production

You can buy for example

A CNC machine (a good one) and a robot cell

That will act as the CNC machinist

For £2 per hour

Funny scrollback

Beat that

Damn

And it will. Work 24/7

Make very few mistakes

And not complain

Companies come to places like the UK because we good engineers

So they place their cells near the good engineers so the support is there

Maybe some of us just care more about independence than a few years gdp. A purchase if you will.

Funny fact though. Even thought automation is replacing people, we are a servuce based economy

So we are having a net gain

I'll be back later to see if more heads explode

Since we arnt taking many jobs from UK employees

Mainly cheap labour countries like china

Surely, those engineers will work for less abroad and will still make generally the same product since they're all using Fusion 360 and CNC to make the parts?

Not for £2 per hour including their machine

And that's expensive

For the job it does

Fair enough

China's margins have shurnk massively in the past 10 years for manufacturers

Like 20%-7% kinda shrink

It setting to the point its becoming much less worth it

You wanna beat China, neutralise their population advantage

A large pop just becomes a burden if they have nothing to do