Chinese-origin tech workers are abandoning the American dream and returning home, where state-led incentives and ambition are plentiful.

cross-posted from: https://programming.dev/post/38000212

Chinese-origin tech workers are abandoning the American dream and returning home, where state-led incentives and ambition are plentiful.

  • Korkki@lemmy.mlEnglish
    2·
    23 hours ago

    The US has surrendered almost all of their manufacturing power and knowledge

    Only high tier manufacturing can even compete in the US and that’s because that’s the only place where there are no or very little completion. Us manufacturing alone can only compete with total monopoly. Even then the degradation of manufacturing base makes things difficult and expensive. US science base is mostly there to try manufacturing new monopolies and not so much to serve the manufacturing industries. Failing that they can produce new patents and intellectual property that can then be leased to other companies in other countries and leaving US capital a cut from all the sectors and the their companies that use those patents.