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US Productivity vs. Chinese Manufacturing Dominance
Guest: Dave Hebert
Dave Hebert analyzed China's manufacturing dominance, which is fundamentally based on massive state subsidies (over $1 trillion annually) and a huge workforce of up to 212 million people, despite this scale, the U.S. workforce is vastly more productive per capita, supported by foreign investment, skilled immigration, and innovation, while China suffers from factory overcapacity due to subsidized production regardless of market demand, and he argued that U.S. tariffs harm domestic productivity by increasing the cost of raw materials and components for American manufacturers.
1898
Guest: Dave Hebert
Dave Hebert analyzed China's manufacturing dominance, which is fundamentally based on massive state subsidies (over $1 trillion annually) and a huge workforce of up to 212 million people, despite this scale, the U.S. workforce is vastly more productive per capita, supported by foreign investment, skilled immigration, and innovation, while China suffers from factory overcapacity due to subsidized production regardless of market demand, and he argued that U.S. tariffs harm domestic productivity by increasing the cost of raw materials and components for American manufacturers.
1898
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