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	<title>
	Comments on: Paul Volcker On Rare Earths, Green Jobs And All That	</title>
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	<link>https://www.techmetalsresearch.net/paul-volcker-on-rare-earths-green-jobs-and-all-that/</link>
	<description>Commentary &#38; analysis on rare earths and other technology metals</description>
	<lastBuildDate>Wed, 17 Mar 2010 04:27:29 +0000</lastBuildDate>
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		By: Thaidiamond		</title>
		<link>https://www.techmetalsresearch.net/paul-volcker-on-rare-earths-green-jobs-and-all-that/#comment-206</link>

		<dc:creator><![CDATA[Thaidiamond]]></dc:creator>
		<pubDate>Wed, 17 Mar 2010 04:27:29 +0000</pubDate>
		<guid isPermaLink="false">https://www.techmetalsresearch.net/?p=777#comment-206</guid>

					<description><![CDATA[Is it just low cost labor that gives a country a manufacturing edge?

To be sure, that&#039;s an advantage, but then then how does Germany, with some of the world&#039;s most expensive labor, export so successfully year after year.

Indeed, until last year, Germany was the world&#039;s leader exporter.  Not bad for an economy of some 82 million people. And it was only replaced with China&#039;s 1.3 billion sized economy. For years, Germany has exported more than the U.S., yet its economy is less than 1/3 of America&#039;s in size.

Quality -- particularly at the highest end of the product spectrum -- still counts. And apparently still affords advantages against low price &#039;cheap&#039; labor.

I&#039;m also not sure what is meant when Lifton tells us America has to enlarge &quot;its engineering education system and make it accessible to those qualified by merit alone.&quot;

Apparently Jack should check enrollment at U.S. universities -- particularly at the graduate level. In engineering, science and math related studies,  the majority of students aren&#039;t Americans -- they&#039;re foreigners or &#039;aliens&#039; as U.S. law calls them.

Isn&#039;t that a testament both to the quality of U.S. universities and to the meritocracy of getting in?]]></description>
			<content:encoded><![CDATA[<p>Is it just low cost labor that gives a country a manufacturing edge?</p>
<p>To be sure, that&#8217;s an advantage, but then then how does Germany, with some of the world&#8217;s most expensive labor, export so successfully year after year.</p>
<p>Indeed, until last year, Germany was the world&#8217;s leader exporter.  Not bad for an economy of some 82 million people. And it was only replaced with China&#8217;s 1.3 billion sized economy. For years, Germany has exported more than the U.S., yet its economy is less than 1/3 of America&#8217;s in size.</p>
<p>Quality &#8212; particularly at the highest end of the product spectrum &#8212; still counts. And apparently still affords advantages against low price &#8216;cheap&#8217; labor.</p>
<p>I&#8217;m also not sure what is meant when Lifton tells us America has to enlarge &#8220;its engineering education system and make it accessible to those qualified by merit alone.&#8221;</p>
<p>Apparently Jack should check enrollment at U.S. universities &#8212; particularly at the graduate level. In engineering, science and math related studies,  the majority of students aren&#8217;t Americans &#8212; they&#8217;re foreigners or &#8216;aliens&#8217; as U.S. law calls them.</p>
<p>Isn&#8217;t that a testament both to the quality of U.S. universities and to the meritocracy of getting in?</p>
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