/biz/ - Business & Finance

>>6837687
>We already have automation, we have chinks in china making our shit. This dream you have isn't going to come true, but I'm sure you'll forever be the optimist.

The rate of automation is increasing and pushing the costs of production down which will push the cost of goods down with it. Your point about chinks in china is also very outdated as most factories don't employ low-skilled human labour anymore since automation has progressed enough that it's by far the most profitable route nowadays. Most of those plants are now in the west since they actually reduce costs due to lower transportation costs and a higher high-skilled worker productivity than in for example China.

>>6837742
I know a lot about oil production. Advanced AI-guided drilling and neural-net based geological surveys has pushed the cost of production down exponentially. What you are talking about is purely traditional crude oil pumps which is nowadays just a small % of total oil production. Tar sands, off-shore and shale dominate the industry now.