Regardless of internal factors she was able to over come them and turn the company into the profit margin. And this guy Luke and one of his colleagues Ralph ph , young, they - much like you and I, I have to say, in the jobs we've chosen - they are on a lifelong intellectual journey. We were once known as a healthy country that knew the meaning of the word moderation, but that has quickly took a turn for the worst and is now almost obsolete. And the workers at those plants, they do have to have a high school degree, but that's almost more the signaling function. Begin with a clear picture of the result in mind.
Guest: Or however it's packed. When it looked as if the company was going under. Russ: For some reason, I think of my Grandfather, who had a set of false teeth, and if they weren't comfortable, he would take them out of his mouth and take a pocket knife and adjust them. A criticism of that I heard is that it's in the company's interest to train people more narrowly than it might be in their interest. Perhaps you could lend Adam Davidson some texts by Milton Friedman so he can catch up on these essential topics. It just came to you on the job.
There was a quality-assurance department, typically in a lab off the factory floor, whose workers occasionally checked to make sure the machinists were doing things right. If the labor market begins to saturate eventually in China, wages will go up, and even more automation will take hold there. Guest: I think--how do we create an educational system that allows people to pursue the skills that they both want, that are marketable. The man is there to feed the dog, and the dog is there to keep the man away from the machines. I think it's algebra and calculus that you need.
All she did was place the parts in the machine and press a button for them to be wielded and if correct a green light appears and she passes the part to the next line in process. A special computer language tells the Gildemeisters how fast to spin and how close to bring the cutting tool to the metal rod. We now produce three to four times as much product, so productivity has gone through the roof. All came to work unskilled, at first, and then slowly learned things, on the job, that made them more valuable. These new computers, it's about an hour and a half to change it.
Anderson argues that the plummeting prices of 3D printers and other tabletop. Along came computers and did the same job in minutes. At our shop our education level is relativley high for a small shop in this industry. Mothers have a connotation of being in charge, as they are the guardians of all their children. They also have a plant in Mexico, a plant in Poland. Some of it's ignorance, a lack of knowledge that those jobs are out there. People who had never had a job, people where basic hygiene and just showing up on time were real issues.
There's a chance that she'll stay; I will say that Standard Motor Products, it's a publicly-traded firm but still run by the family that founded it 92 years ago. Russ: So, interesting question, and a great choice of market: Why are some things made here and some things made in China or elsewhere? Chris Anderson on Makers and Manufacturing Chris Anderson, author of Makers: The New Industrial Revolution, talks with EconTalk host Russ Roberts about his new book--the story of how technology is transforming the manufacturing business. The last time I visited the factory, Maddie was training a new worker. Previously, he was the On Money columnist and a contributing writer for the Times Magazine. So I think that there is a bigger picture, definitely true that we - we're excellent at manufacturing machinery, and that's one of our global strengths, one of our largest manufacturing exports is machinery. And now it's almost like if you're going to make an assembly line, you kind of play the cup game with some established machinery, and they you just connect them all with some robots or ancillary equipment.
Guest: And right through to the 1970s it was hundreds of hundreds of small family-run manufacturers selling to hundreds and thousands of small family-run distributors and repair shops. So, you know, we'd hear so much about the 99 percent versus the one percent, but this is much more of a 50-50, 60-40, 40-60 cut type of situation. Well, I've been involved in this kind of makings of things, and I'm more like the old buggy repairman and the blacksmith. Adam Davidson is a staff writer at The New Yorker, covering business, technology, and economics. And with every one of these major transformations, there were - there was a lot of creative destruction, there was a lot of old ways of making a living disappearing - we don't have blacksmiths and buggy repairmen anymore.
And a few things that I'm noticing are I'm 50 to 60 thousand apart. There's sort of a constant process where they are evaluating all sorts of auto parts. Guest: But what I really like is the creative thinking. It was all about quickness and effectiveness for Madelyn and that was something she was great at. Therefore, everyone needs to find their extra — their unique value contribution that makes them stand out in whatever is their field of employment. You are doing lots of different things every day, using your brain; you probably will not get carpal tunnel.