For free tickets to the show use this link and one of the promotion codes below (if one doesn't work you can try another one) electricviking2024, electricviking_sydneyevshow, electricvikingsunday (Sunday only) : www.futuredriveauto.au/syd/ev24/comp-tickets Click here to get a free charger and installation when pre-ordering the G6 xpeng.com.au/?qr=726XPO The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I'm favoured, 90K every week! I can now give back to the locals in my communities and also support God's work and the church. God bless America,, thank you Jihan Wu😊🎉
Trump winning is putting the lid on that. He’s about to go balls to the wall with on-shoring and dumping Europe under the bus. Can’t blame him EU been playing at both sides.
This is the biggest joke in Auto industrial in this world. They think if all the workers willing to cut 10% of their salary would safe the company, while the CEO get pay over $20 or $30 million per year to make their company to prospect. But they don't including VW, MB, BMW, GMC, Chrysler, Toyota, Honda and many many more. they don't have to make money or take their company to next level. And these executives still got very very handsome compensations.
Xiaomi builds almost the entire car in a robot factory. Robots are expensive compared to Chinese labor, but they're very inexpensive compared to German labor, much more than a 10% pay cut.
@@ZweiZwolf A robot will probably replace your job too, whatever it is. Blue collar workers have always been at risk but now with the exponential advances in AI and machine to machine learning, white collar staff won’t be needed at all. No need for all those tall city office buildings, they’ll be empty, just a basement full of computers talking to each other. The cities will be silent, no office workers, no one working from home either, AI will do all that.
I passed a car on the M1 North of the Gold Coast a few weeks ago which was on fire- it was the Mercedes hatch back that you talked about! 😂 Great car, LOL :-)
on my past experience here in australia, a good proportion of those people will never work again. Nobody talks about this. If there was a true safety net, nobody would care about VW's horse and buggies.
Sometime ago, Germans discussed about "de-growth" (even at university level) as a means to reduce CO2 emission, I didn't think this was serious and not a joke... It seems they are committed to this.
UK infrastructure is a joke. No manufacturing of note and now they want to force people into expensive laptop on wheels whilst the infrastructure can’t support them. Plus new Euro 7 kicks in next year making ice cars even more difficult to produce.
Spot on - can't rely on EV's (some are they good indeed), if they don't have same range as ICE, have the charging infrastructure in place, time it takes to charge EVs, EV higher purchase prices, sky high repair bills along with energy bills and now more and more unreliable energy generation system - being around 24x7, 365 days a year for us to charge the EV's in the first place
{VW}, It's a self inflicted wound. Over engineering is their downfall which leads to numerous breakdowns and unreliablity. Great video Sam, thanks bro.
@@andyfreeze4072 urvwrong.. these cars have huge unwanted censors . Features which r nonsense... Sclass car had options to control ur home automation from car etc... these r simply unwanted features.. more censor, circuits u put more is maintenance cost... Just look at cost deprecation of german cars after 1 to 2 year.. y this happens.. because huge Maintenance cost.. My manager in zurich had repeated alarm on some fault in his Audi q3.. even after multiple service visit it was not resolved.. he ended selling the car... Also super high cost of getting spares for these... u will sell house sooner or later
German expertise today is like expertise in "horse drawn carriage" during the era of ICE. Yes, no one could beat the experts in "horse drawn carriage", but what was the point anyway?
"overengineering"? German cars are not particularly well engineered. German engineering is about 3rd party integration, where BMW, etc. integrate ZF and Bosch components. Chinese engineering is vertical where BYD designs and manufactures nearly everything from raw materials.
Just to give a concrete example why Audi is going down: I went to Portugal for the Autumn vacation last week. I rented an Audi Q4 full electric, and guess what, I had to pay 12.50 Euros a day EXTRA for navigation. The car itself was 55 Euros a day. I felt cheated...
It’s no surprise that EVs will require fewer workers. While what is above the chassis is essentially the same ICE or EV, no engine/gearbox etc. means greater simplification and fewer parts. Couple this with the fact battery and electric motor manufacture is highly automated. Result much fewer workers needed.
Additionally, electric cars don’t need servicing and maintenance and last much longer overall. Plus there is massive overproduction particularly in Europe. As EV manufacturers bite into the cake, there is less left for everyone else.
EVs require roughly half the parts, and the new mega castings and X-in-1 parts are further reducing component count. Chinese EVs are at the forefront of this.
The job loss is from bad management focused totally on oligopoly pricing and short term profits. Still demonstrating a willingness to trade short term profits for marketshare while refusing to scale EVs to profitability necessary to compete in a worldwide marketplace.
I'm a little surprised you don't refer to the transition from horse and cart to the car 120 years ago. This made "redundant" everyone involved in stabling, grooming, feeding, riding and breeding horses . This was a very significant percentage of the population. Probably a bigger percentage than involved now in making petrol cars. It simply meant that these people had to find jobs in other activities. The issue today is automation, not the transition from ice to electric.
Remember the monologue about the last buggy whip maker by Danny DeVito in Other People's Money? It's dead on. If they can't pivot, they're done. Funny thing is that China currently leads the world in automation, adding more industrial robots than the rest of the world combined, but exporting almost none of them. ALL of those Chinese robots are going into the Chinese economy to produce more goods with higher precision at far lower cost than what the rest of the world pays for German or Japanese robots. Turns out, being able to install several times more robots for the same cost drives vastly higher productivity even if the Chinese robot isn't quite as good as the German or Japanese robot.
Mechanical engineers design robots and automation, it's what I did for years after my first degree before studying astronautics engineering and going into designing mechatronic/robotic satellites. There's massive shortages in the EU, UK, US and Oz of engineers of all disciplines, the world moves on, green tech, green energy and the space and aerospace industries are growing plus are way more interesting and academically challenging then the car industry.
Do any German luxury cars have full FSD? I wouldn’t buy a new car without FSD hardware and the potential for a fully functional OTA software implementation in a year or so. That leaves Tesla.
I live in China and self driving is basically a standard even in 15k USD cars:) And BMW is not even offering active cruise control in basic options LOL
No, it's not possible. Germany is a small country. The EU is fragmented with extremely powerful consumer data laws. German OEMs cannot get the huge data required to train AI for full FSD. China, OTOH, is a huge country with excellent data services, so they have the world's best data for training FSD, and as a result, China has FSD working on the road today. They have fully-automated robotaxis and robovans. In a decade, we'll see a massive shift in how China moves goods.
China's cheap labour played a role in its rise. With the rise of automation though China's real advantage today is engineers. There are 8 engineers employed in China as engineers for every 1 in the US. There are cheaper places than China for labour today. It's that huge engineering advantage which is what allows China to quickly automate and iterate.
This is simple truth. The US, in particular, made all its smartest and most ambitious people become financiers and lawyers. The Chinese made those same people become engineers and scientists. After 40 or 50 years of that difference in approach, it shows.
Imagine a drama when recruiting a German engineer: union stuff, 4-day workweek, work-life balance, diversity quota (women in leadership), etc. So much trouble for investors! One can easily get such engineers in India/China with cheaper price and much less annoyance.
What I struggle with is Elon Musk presides over companies that are literally decades ahead of anywhere else in the world and all he gets is derision and scorn. Cheerio Boeing, it’s been a great ride in a leaky Starliner. Alas, poor rocket dine I knew him well. Close the door after you, Northrop Grumman. And let’s not even start on all the Telco broadband companies that are about to be put to the sword by Starlink….
I think waaaaay more than 200k - once it goes bad it goes bad fast as we found in the uk in 1960/70s - Germany will replicate the UKs industrial decline I fear!
Even more jobs in Western car makers like BMW, VW, Ford, and offshoring more factories to cheap cost centres like India, China when more and more jobs in West are lost - AI Automation, offshoring, inflation and bills shooting up, etc, and Chinese / India, etc buying their home market produced cars.
Nobody is building much in India - their industrial production ability is poor compared to Mexico or Vietnam, much less China. India doesn't compete on tech or capability.
@@ZweiZwolf Does on nos of people and dirt cheap $$ - something that many say greedy CEOs & Shareholders love - the love of the dirty $$ likely wins over logic
What I find strange is all the EV haters saying EV’s are disposable short-lived, but they don’t see what a modern Audi is. The whole front is plastic what’s under the hood is plastic it’s built to last the warranty and it certainly is disposable.
Correct, Germany is in VERY big trouble over the next decade. China is done buying German cars, which means the German economy is going to see a MASSIVE reduction in revenue and profits. German cars simply are not competitive on price and performance due to the high costs of EU labor. This won't just be China, but globaly. The reduction will ripple throughout the entire German supply chain, not just Audi, BMW, Mercedes & VW, but also suppliers like Bosch and ZF. Germany's auto industry is going to shrink in the same way that the UK auto industry did when the Japanese came. And those high-paying union jobs are never coming back, not with the EU costs being so high compared to China and elsewhere.
The British motor industry is a good example of what happens when you don't modernize or move with the times. I'm British and have been driving for over 25 years. I never considered a British car brand. I've stuck with Japanese or Korean makers.
@@keithmartin1328 The Caterham Lotus Se7en is iconic, and would be nice to have if weather and traffic were amenable, but with so many cars on the road now, I don't think one can really drive for pleasure like 20 years ago. A "British" MG is a good choice, now that it's owned by Geely (Volvo, Polestar).
@@ZweiZwolf Also the general quality of cars seems to be getting worse. My dad has been leasing Volvo cars for the last 25 years. He keeps the car for 3 years then trades it in for the newer model. He has noticed that the vehicles he's had lately are more troublesome then when he first started leasing in 2000.
Germany is expected to face an enormous labor shortage by 2035, with a gap of millions of workers due to demographic shifts. EVs and automation are the solution, not the problem.
this are the numbers: Until 2035 16,5 million employees/babyboomers will retire. 12,5 million new employees will enter the market. 4 million people shortage.
@@ingoharmsen2572 That 4 million are chinese, indians, nigerians that perfectly could produce cars at home. No need to come to germany. Accept that you can't compete and will unevitable decline a bit. Concentrate on your elderly people to have a good life. You don't need emigrants.
This is no longer the point though. German car makers cannot compete against lower priced firms, with better supply chains and much lower energy costs . Plus, technologically they are being left behind. Simple test of a simple tech: Go to a website of your fav german manufacturer. Compare it to Tesla’s or BYD’s. See the huge difference? Did you find bugs? I have. That is my job. You are welcome.
Universal Basic Income will be needed in industrialized countries soon. Elon Musk back in 2017 stated this about UBI as he warned about automation and robots taking over production jobs. Germany and Japan are in deep trouble, especially Japan.
@@a2eoas That is true in a society in which work opportunities are plentiful. But not in one in which robots are taking the place of humans from the factory floor to the surgery room, to... almost everywhere! UBI will be necessary... financed by a tax on robots... or the pitch-forks will be rising.
@st-ex8506 handling out any money without a counterpart is antisocial in itself. Society means contract. There is always something that can be delivered in return for money. Especially in the area of public goods. The UBI movement is fuelled by an antisocial Impulse for no good reason.
All the more reason for universal income! Also, it's time to start making partnerships with robotics companies & plan for the conversion of auto factories to robotic factories!
No problem. Construction of more giga factories plus the manufacturing jobs in those factories will be enough for even more workers. Sad only for those holding stock in VW, Mercedes, Audi and BMW plus those hauling gasoline who can then haul something safer.
Tesla is number one in China. BYD sells a lot of cheaper cars with a large addressable market meanwhile their margins are nowhere near as good as Tesla's .
@@MarkMaxwell-author BYD is China's biggest EV maker. Last year around 1 percent of BYDs' revenue was subsidies. Certainly nowhere near 100 percent tariff. Compare that to the American government's subsides for Intel under CHipS act.
It's called disruption. It's what happened to the analog cameras and film industries when digital cameras became cheap and good enough for the mass public; a realignment of the industry that is as drastic as it is inevitable. The difference is that the industry being disrupted this time is much larger.
If EVs and automation will displace 200,000 jobs in Germany, that will have a run-on effect and the eventual number will be way higher than that. So with all those unemployed people, who is going to be able to buy the EVs.
They are only for wealthy people and companies. EV is another way to reduce people’s movement and freedom. Coupled with impending job losses cos of automation and cheap Chinese production will cause a lot of damage in EU and UK
The is PLENTY of new work to be done in the next couple of decades: expanding and strengthening the electric grid, building new renewable generation, as well as storage capacities, improving the vehicle charging network, etc. And specifically to Germany: rebuilding the Bundeswehr... it might just be useful in the not-so-distant future! Oh, and I forgot, seriously improving the DB (trains) and other public transportation networks!
@@エラー-e7v I am retired and neither wealthy nor poor... just middle-class. My EV saves me HEAPS of money relative to the ICE car I had before. It is more than paying for itself. What are you saying? EVs will and are IMPROVING people's movement and freedom by making traveling much cheaper. Just one example: going from our home in central France to visit my wife's mother in southern France, a 640 km trip, each way. Gasoline cost with my previous car: about €210. Electricity costs with my electrical one (with one 20mn stop each way at a supercharger): €58... or nearly 4 TIMES less!
The German car companies at least caught up with BEVs of Tesla and BYD very quickly, starting from zero. In a next step they will, like all the other international car makers, gain back their positions. However, BEVs will result in less jobs which is actually a good thing. Its time to diversify. All good!
@@juliahello6673 it's not going to fail at all, but the evolution is accelerating and the companies that can't keep the pace of innovation will end up going the way of Studebaker.
You forget there are many new jobs being created as Germany is re-arming! I seem to remember this sort of thing happening before and it didn't end well
It will happen a lot sooner than 2035. Just think how far EVs have come in the last 3 years. They are better, less expensive and more feature rich than ever.
There's an inflection point coming when batteries get cheap enough that making an EV becomes cheaper than making an ICE car even without subsidies. I mean, China seems to be very close, if not having already reached that tipping point, which is how NEV (BEV + "proper" PHEV) cars achieved over 50% market share this year even though the consumer subsidies have been reduced, but China is also at the forefront of battery cost reductions with the rest of the world lagging by a few years.
Sam, the inflation rate in Germany is about 2 percent per annum. They rigorously target that number and usually hit it. Not knowing details, the pay cut could mean a 12 percent pay cut in real income next year for German autoworkers. Can you imagine the disruption to German families and individuals? Germany is the beating heart of the EU economy, the third largest economy in the World, with 84 million citizens! As goes Germany, so goes the EU and NATO. Back of envelope calculation for the US, I can't imagine our nation losing 20 million or 40 million jobs in ten years. Economists talk of a Universal Basic Income (UBI), but put ridiculously low numbers forward, like $1,000 a month. In and around Boston (including exurbs), if you own a small home outright, you're on your way to millionaire status. A large home? You are rich. Mine is paid off. Property taxes are $1,000 per month. Imagine the other costs. I love Tony Seba. He's right on. But between now and the near future, we're facing societal collapse. It will be like a long row of dominoes.
The only thing I would add is there is universal basic income already only it is for large corporations that are constantly bailed out keeping people in jobs building cars no one wants to buy…
you missed the point, unit costs will be reduced and reduced and reduced till the cost is negligible. They will have to give them away......Tony Seba predicts......
Whilst you are correct, this view is nothing new at all. Take Amazon for instance all their workers are on minimum wage yet Amazon expect their own workers to be able to buy the products they sell. Any profit Amazon makes does not go anywhere near the workforce. It is coralled into a tiny number of pockets who end up hoarding that money where it serves no purpose and is no use to anyone. History repeats. The Russian revolution the French Revolution. The war of Independence, the Egyptians that Aztecs the Toltecs. And let’s not forget the Romans! Successful and wise leader is usually replaced by a child who is a pampered idiot
Maybe they are not losing jobs because of automation, their selling dropped a lot because they had bad practices. VAGs are too expensive cars compared with Tesla and other worldwide companies, when I say too expensive I'm not referring to buy price, it is expensive to own it, parts costs and their transparency, at car dealership they tried to sell me a 1kwh battery with 7800eur while 1kwh battery price is around 200eur. I should buy a VAG ever again? I don't think so.
In Germany it's not about cars and money like in US, its all about Labor. Check out the history about company "Kolibri" from Munich, there is the real answer. 😢😢😢😢😢😢😢😢😢😢😢
after 40 years of buying German cars of all the makes mere Audi vw and Porsche I bought a Chinese MG4 ev i have had it 2 years and its been perfect ,my last car was a VW ID3 which had poor interior poor soft ware not a good car
Bro, I have no idea why you are not traveling. Most of what you mentioned cost from $Free.99 to $5 in Madagascar for a date. And $50 per MONTH is Insane to spend on a woman there. And yes, they are 100xs more beautiful than anything you will find in the Western world.
Hi Sam. The flash flood in Spain destroyed aprox. 44,000 cars. Now imagine that all these cars will be replaced by EVs. Ideally produced in Europe. Sounds good 🌍 but it won't happen. If I say this in Spain they call me crazy 🤣. And sure that VW prefers to sell again petrol cars for easy money 💰.
It will cost at least 2 million German auto jobs - unless there is a 180º turnaround in climate and green deal, bureaucracy, energy policies - it´s not hyperbolic. A major technological breakthrough (which is not envisaged). Major funds don´t go for innovation, research and development, they go to import energy, stabilize the grid, to build even more renewables (even where the wind does not blow) and subsidize them. Even robotic factories need energy, huge amounts of energy - which is far better available and 4 times cheaper everywhere else.
South Korea is more diverse than most think - they are huge in shipbuilding, steel production as well as electronics and telecoms. Samsung itself is around 20% of the GDP of South Korea.
Toyota + Lexus, Honda + Acura, Nissan+ Infiniti, Suzuki, Mazda, Subaru, Mitsubishi, Daihatsu, Isuzu, Yamaha - over 11% GDP. ICE collapse would change the balance of power between Japan and China.
It not much, I expected more and don't care. Robot will take out some more. At some point it's going to be a global question, how countries are supposed to deal with more and more AI, robots, and also less industrial activity because of reduction of carbon emissions.
The loss of 200,000 jobs over a period of over a decade (ie 20,000 a year) in a labour force of 46 million is small beer. Such a labour force creates and destroys roughly 10 million jobs a year (assuming average job tenure of five years - do the maths). Economies, and hence jobs, adapt far faster and better to industry structure changes than people think; true even for sluggish ones like Germany's. The impact would be more regional rather than national - I'd be worried if I was Wolfsberg's mayor, much less so if I was the German chancellor. It's all part of the way people overestimate the importance of manufacturing to a developed economy. All rich economies are built around SERVICES, not manufacturing.
All good points. For services to fly, we need disposable income. When people can only afford the basics, the economy will struggle and manufacturing won’t be the answer. Not least because robots will be doing all that anyway.
Rich economies built around services have no floor to sustain themselves in the event of an economic collapse. Those high-paying service jobs are easily cut or replaced by AI.
@@ZweiZwolf "Those high-paying service jobs are easily cut or replaced by AI." How is that different from those low-paying manufacturing jobs that are easily cut or replaced by robots? Plus of course the incredibly complex supply chains needed for manufacturing are far MORE, not less, vulnerable to collapse than personal services.
@@kenoliver8913 Western service jobs are "fake" without any fixed value, whereas manufacturing produces "real" goods with inherent value. Low paying manufacturing won't be automated because robots aren't free. High precision robots replace high cost labor, just like any other tool.
There is disruptive technology well on the way. This is no different to previous waves of disruption, except, that this disruption is not specific to an industry. It is a disruption of human beings (by AI driven robots). If humanity can harness the robotic revolution, we could very well create a utopia. The big issue will be how does humanity PAY for things if the majority of humans are replaced by robots? Without jobs (and hence income), where will the consumers come from? I wonder if we will need a universal basic income, paid for by taxes from the robotics firms. There will be some huge issues to resolve in the next 10-20 years, and I think a lot of governments are woefully unprepared (at the best of times).
Punitive tariffs cannot make up for the mistakes of the German automobile industry; in fact, they cause further damage. Cheaply produced German cars from China are also subject to tariffs. Brussels is shooting itself in the foot. Once again.
Most German industry - including some car makers - strongly OPPOSED those tariffs because they are still making good money in China selling manufactured goods, including ICE cars (not much longer for that of course). The Chinese government has already begun shutting that down in retaliation. The measure was pushed largely by the eastern EU members who calculate that this will make the Chinese set up EV factories in their countries (BYD has already announced it is building a massive one in Hungary). So from Germany's POV these tariffs will just result in jobs moving east while at the same time making cars more expensive for German buyers. They are not happy with Brussels at all.
Yes, electric cars and "green" energy bring unemployment. The entire 20th century saw the creation of a gigantic infrastructure for servicing gasoline cars, and now all of this is being cut. Russian Minister Lavrov (Horse) expressed deep concern about this: "Many countries in the world are not ready for such a powerful transition to alternative energy, which could lead to a security crisis in the world." (He meant terrorist attacks sponsored by oil countries)
But... there ENORMOUS new infrastructure to be built to adapt to the electric cars and renewable energy you mention! Plenty of work for at least a couple of decades!
Germany sucks in the workforce from the entire EU. It is crazy. Psichologicali sure it will be hard for Germans, but freeing workforce will simply spawn new industries. These are smart, well-educated, well organized people. As things stand there are enormous shortage of workforce.
Do you really beleave 2035 ban is feasible? Will it be an electric car with the same prices as ACE cars? I'll be proud ti buy a Chinese car if I'm forced to.
China Observer is a Falun Gong publication. It has zero credibility - if you believed China Observer the CCP is about to be violently overthrown any day now.
Food for thought. I'm not sure how relevant automation is in the long run. I can see it helps find a solution to increase the cadence of production and get volume production up. Having said that firing people and introducing pay cuts will also have direct influence on financial burdens on social security costs, higher cost of living and economic investment as more people will have less to spend which could also mean less cars could be bought and so a vicious cycle starts. Inflation is also higher firing people, and a pay cut won't help the inflation because even more people are not able to invest with less financial support. Reduction and schooling will also add cost and burden of investment and many people will need time to to re-educate and reintroduced ro jobs if applicable which will also mean a loss of productivity when introducing to the labour force and put an extra burden on the the current labour force to re-educate people coming back into the labour force. I agree that some automation could help alleviate production cadence and demanding tasks for human labour. On the other hand what I don't hear more, what for example Tesla has shown, is that most legacy manufacturers.make a stagger8ng amount of models, instead of a few good ones, and drop the price. The prices of legacy EVs somehow feel artificially high as they seem not to meaningfully increase production volume. Tesla first increased automation, but later found out it is not possible to automate everything and human skill and labour is still needed to make good EVs. I think, therefore, the narrative of the elephant in the room on the automation narrative is only one side of the coin in this story, butb not the whole truth
The social/political consequences are incalculable, with 'human-labor' being devalued at the same time that automation/AI/robotics is making human labor worthless. However, the ignorance of governments and industry to the phenomenon is worse, almost guaranteeing social/political dysfunction and chaos. The failure of government, industry, business to see what's coming is astounding. Where are the leaders with real vision beyond the next election or the next 2 quarters? The immediate consequences are already rapidly advancing; which is why India cannot repeat the Chinese model for 'human-productivity' over the last 50 years.
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Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in August 2024
I would really love to know how much work you did put in to get to this stage
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I'm favoured, 90K every week! I can now give back to the locals in my communities and also support God's work and the church. God bless America,, thank you Jihan Wu😊🎉
Waking up every tenth of each month to £210 thousand it’s a blessing to I and my family… Big gratitude to this same Jihan Wu🙌
German auto industry is kaput.
👀
Trump winning is putting the lid on that. He’s about to go balls to the wall with on-shoring and dumping Europe under the bus. Can’t blame him EU been playing at both sides.
Fair try in German, next time use Kaputt, but we get the message. 👍
@@vidarv.9010your's too, *ist*. Lol
Schauen wir mal my friend
This is the biggest joke in Auto industrial in this world. They think if all the workers willing to cut 10% of their salary would safe the company, while the CEO get pay over $20 or $30 million per year to make their company to prospect. But they don't including VW, MB, BMW, GMC, Chrysler, Toyota, Honda and many many more. they don't have to make money or take their company to next level. And these executives still got very very handsome compensations.
In an asset based economy, everything you mentioned is true.
Xiaomi builds almost the entire car in a robot factory. Robots are expensive compared to Chinese labor, but they're very inexpensive compared to German labor, much more than a 10% pay cut.
Out with the old, in with the new.
The king is dead!
Hail to the king!
⚡️🇺🇲 🇨🇳⚡️
TRUMP is president , out with you and welcome the restoration of freedom.
Out with the workers, in with the robots. That's been the story since the steam engine first appeared. John Henry vs the machine.
@@ZweiZwolf A robot will probably replace your job too, whatever it is. Blue collar workers have always been at risk but now with the exponential advances in AI and machine to machine learning, white collar staff won’t be needed at all. No need for all those tall city office buildings, they’ll be empty, just a basement full of computers talking to each other. The cities will be silent, no office workers, no one working from home either, AI will do all that.
I passed a car on the M1 North of the Gold Coast a few weeks ago which was on fire- it was the Mercedes hatch back that you talked about! 😂
Great car, LOL :-)
There are no job losses, just relocation, mostly to wherever innovative products are made.
How kind of Germany to give their jobs away, so generous.
on my past experience here in australia, a good proportion of those people will never work again. Nobody talks about this. If there was a true safety net, nobody would care about VW's horse and buggies.
Very sad really and it has the potential to send many countries into a recession
In order to protect the environment, Germany can relocate all factories.
@@amandagrant4331problem solved😂 how ironic.
Sometime ago, Germans discussed about "de-growth" (even at university level) as a means to reduce CO2 emission, I didn't think this was serious and not a joke... It seems they are committed to this.
In the UK the government are legislating to get us in to electric cars, yet are concerned we won't have enough electricity to get us through winter.
UK infrastructure is a joke. No manufacturing of note and now they want to force people into expensive laptop on wheels whilst the infrastructure can’t support them. Plus new Euro 7 kicks in next year making ice cars even more difficult to produce.
Spot on - can't rely on EV's (some are they good indeed), if they don't have same range as ICE, have the charging infrastructure in place, time it takes to charge EVs, EV higher purchase prices, sky high repair bills along with energy bills and now more and more unreliable energy generation system - being around 24x7, 365 days a year for us to charge the EV's in the first place
You are conflating two things that are mutually exclusive.
@@dafyddthomas7299How's the weather in 2014?
@@freedom8480 Not sure about 10 years ago - mild at moment but likely to get colder soon; we've already had blackouts
{VW}, It's a self inflicted wound. Over engineering is their downfall which leads to numerous breakdowns and unreliablity. Great video Sam, thanks bro.
over engineering? mate, its engineered to a life span , ie 100,000km. Management determines how the engineering is applied.
@@andyfreeze4072 urvwrong.. these cars have huge unwanted censors . Features which r nonsense... Sclass car had options to control ur home automation from car etc... these r simply unwanted features.. more censor, circuits u put more is maintenance cost...
Just look at cost deprecation of german cars after 1 to 2 year.. y this happens.. because huge Maintenance cost..
My manager in zurich had repeated alarm on some fault in his Audi q3.. even after multiple service visit it was not resolved.. he ended selling the car...
Also super high cost of getting spares for these... u will sell house sooner or later
German expertise today is like expertise in "horse drawn carriage" during the era of ICE. Yes, no one could beat the experts in "horse drawn carriage", but what was the point anyway?
Also over stretching with their portfolio of brands plus the diesel gate a few years back.
"overengineering"? German cars are not particularly well engineered. German engineering is about 3rd party integration, where BMW, etc. integrate ZF and Bosch components. Chinese engineering is vertical where BYD designs and manufactures nearly everything from raw materials.
No matter having ev or not those manufacturers want to use robot to replace them already. So now time is coming.
It's called karma....millions of horses lost their jobs due to car companies...what goes around comes around
,,,😂
Just to give a concrete example why Audi is going down: I went to Portugal for the Autumn vacation last week. I rented an Audi Q4 full electric, and guess what, I had to pay 12.50 Euros a day EXTRA for navigation. The car itself was 55 Euros a day. I felt cheated...
You can buy your own Garmin GPS dash mount GPS for what that rental GPS would cost you for four days use.
@@douglasburnside
Exactly!
It’s no surprise that EVs will require fewer workers. While what is above the chassis is essentially the same ICE or EV, no engine/gearbox etc. means greater simplification and fewer parts. Couple this with the fact battery and electric motor manufacture is highly automated. Result much fewer workers needed.
Additionally, electric cars don’t need servicing and maintenance and last much longer overall. Plus there is massive overproduction particularly in Europe. As EV manufacturers bite into the cake, there is less left for everyone else.
@ completely agree. As Sam was concentrating on workforce for manufacture
EVs require roughly half the parts, and the new mega castings and X-in-1 parts are further reducing component count. Chinese EVs are at the forefront of this.
The job loss is from bad management focused totally on oligopoly pricing and short term profits. Still demonstrating a willingness to trade short term profits for marketshare while refusing to scale EVs to profitability necessary to compete in a worldwide marketplace.
I'm a little surprised you don't refer to the transition from horse and cart to the car 120 years ago. This made "redundant" everyone involved in stabling, grooming, feeding, riding and breeding horses . This was a very significant percentage of the population. Probably a bigger percentage than involved now in making petrol cars. It simply meant that these people had to find jobs in other activities. The issue today is automation, not the transition from ice to electric.
Good point well-made. And beyond automation are Optimus bots.
@@ouethojlkjnyeah richt, robots Will repair robots😅
@@Sem-v7z Correct, they certainly will. Robots are to humans what computers are to brains.
@@ouethojlkjn dream on
Remember the monologue about the last buggy whip maker by Danny DeVito in Other People's Money? It's dead on. If they can't pivot, they're done. Funny thing is that China currently leads the world in automation, adding more industrial robots than the rest of the world combined, but exporting almost none of them. ALL of those Chinese robots are going into the Chinese economy to produce more goods with higher precision at far lower cost than what the rest of the world pays for German or Japanese robots. Turns out, being able to install several times more robots for the same cost drives vastly higher productivity even if the Chinese robot isn't quite as good as the German or Japanese robot.
Mechanical engineers design robots and automation, it's what I did for years after my first degree before studying astronautics engineering and going into designing mechatronic/robotic satellites. There's massive shortages in the EU, UK, US and Oz of engineers of all disciplines, the world moves on, green tech, green energy and the space and aerospace industries are growing plus are way more interesting and academically challenging then the car industry.
This must be the consequences of German, USA and Japanese car manufacturers' over capacity.
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Started with 5,000$ and Withdrew profits
89,000$
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The Photo/Video you show of VW HQ looks like something from the nineteen forty's with all those chimney stacks in the background
Do any German luxury cars have full FSD? I wouldn’t buy a new car without FSD hardware and the potential for a fully functional OTA software implementation in a year or so. That leaves Tesla.
I live in China and self driving is basically a standard even in 15k USD cars:) And BMW is not even offering active cruise control in basic options LOL
BMW’s is the best
No, it's not possible. Germany is a small country. The EU is fragmented with extremely powerful consumer data laws. German OEMs cannot get the huge data required to train AI for full FSD. China, OTOH, is a huge country with excellent data services, so they have the world's best data for training FSD, and as a result, China has FSD working on the road today. They have fully-automated robotaxis and robovans. In a decade, we'll see a massive shift in how China moves goods.
The UK used to be the largest European car making country. Germany welcome to our world.
WOw! That is correct... but dates back to pre-1957!!!
Don’t forget motorbikes as well. Japan put paid to that despite the scorn of British manufacturers
You are unreasonably optimistic. 😉
China's cheap labour played a role in its rise. With the rise of automation though China's real advantage today is engineers. There are 8 engineers employed in China as engineers for every 1 in the US. There are cheaper places than China for labour today. It's that huge engineering advantage which is what allows China to quickly automate and iterate.
Plus infrastructure plus the entire production chain and now massive amount of cheap energy from renewables.
This is simple truth. The US, in particular, made all its smartest and most ambitious people become financiers and lawyers. The Chinese made those same people become engineers and scientists. After 40 or 50 years of that difference in approach, it shows.
Imagine a drama when recruiting a German engineer: union stuff, 4-day workweek, work-life balance, diversity quota (women in leadership), etc. So much trouble for investors! One can easily get such engineers in India/China with cheaper price and much less annoyance.
What I struggle with is Elon Musk presides over companies that are literally decades ahead of anywhere else in the world and all he gets is derision and scorn. Cheerio Boeing, it’s been a great ride in a leaky Starliner. Alas, poor rocket dine I knew him well. Close the door after you, Northrop Grumman. And let’s not even start on all the Telco broadband companies that are about to be put to the sword by Starlink….
Chinese come to American Universities to learn engineering.
I think waaaaay more than 200k - once it goes bad it goes bad fast as we found in the uk in 1960/70s - Germany will replicate the UKs industrial decline I fear!
Less people will be needed worldwide to build electric cars.
If Germany can keep a third of the jobs in car industry that will be a great success.
Even more jobs in Western car makers like BMW, VW, Ford, and offshoring more factories to cheap cost centres like India, China when more and more jobs in West are lost - AI Automation, offshoring, inflation and bills shooting up, etc, and Chinese / India, etc buying their home market produced cars.
Don’t forget Mexico and Poland and Romania… all cheap labour centres that the EU quietly ignores
@@ouethojlkjn Spot on - places where Germany can shift some manuf off to; in UK most of ours already gone abroad
Nobody is building much in India - their industrial production ability is poor compared to Mexico or Vietnam, much less China. India doesn't compete on tech or capability.
@@ZweiZwolf Does on nos of people and dirt cheap $$ - something that many say greedy CEOs & Shareholders love - the love of the dirty $$ likely wins over logic
Some of the best automotive commentary I've seen recently.
Porsche & Audi might survive in a very reduced form.
What I find strange is all the EV haters saying EV’s are disposable short-lived, but they don’t see what a modern Audi is. The whole front is plastic what’s under the hood is plastic it’s built to last the warranty and it certainly is disposable.
Yes, VERY reduced. Expect German OEMs to shrink back to niche luxury rather than mass market.
Correct, Germany is in VERY big trouble over the next decade. China is done buying German cars, which means the German economy is going to see a MASSIVE reduction in revenue and profits. German cars simply are not competitive on price and performance due to the high costs of EU labor. This won't just be China, but globaly. The reduction will ripple throughout the entire German supply chain, not just Audi, BMW, Mercedes & VW, but also suppliers like Bosch and ZF. Germany's auto industry is going to shrink in the same way that the UK auto industry did when the Japanese came. And those high-paying union jobs are never coming back, not with the EU costs being so high compared to China and elsewhere.
The British motor industry is a good example of what happens when you don't modernize or move with the times.
I'm British and have been driving for over 25 years. I never considered a British car brand. I've stuck with Japanese or Korean makers.
@@keithmartin1328 The Caterham Lotus Se7en is iconic, and would be nice to have if weather and traffic were amenable, but with so many cars on the road now, I don't think one can really drive for pleasure like 20 years ago. A "British" MG is a good choice, now that it's owned by Geely (Volvo, Polestar).
@@ZweiZwolf Also the general quality of cars seems to be getting worse. My dad has been leasing Volvo cars for the last 25 years. He keeps the car for 3 years then trades it in for the newer model. He has noticed that the vehicles he's had lately are more troublesome then when he first started leasing in 2000.
Germany is expected to face an enormous labor shortage by 2035, with a gap of millions of workers due to demographic shifts. EVs and automation are the solution, not the problem.
this are the numbers: Until 2035 16,5 million employees/babyboomers will retire. 12,5 million new employees will enter the market. 4 million people shortage.
Germany is importing African, Muslim, and Turkish labor to close that gap.
@@ingoharmsen2572 That 4 million are chinese, indians, nigerians that perfectly could produce cars at home. No need to come to germany. Accept that you can't compete and will unevitable decline a bit. Concentrate on your elderly people to have a good life. You don't need emigrants.
@@ZweiZwolf Robots would be 9999999999999999999999999999 times better......
This is no longer the point though. German car makers cannot compete against lower priced firms, with better supply chains and much lower energy costs . Plus, technologically they are being left behind. Simple test of a simple tech: Go to a website of your fav german manufacturer. Compare it to Tesla’s or BYD’s. See the huge difference? Did you find bugs? I have. That is my job. You are welcome.
enlightening thank you!
I think it's called disruption. I may be wrong but I think I heard it here. I was listening. I guess the ICE auto manufacturers were not.
They heard Mr Herbert . He told VW but they didn’t want to hear it. !!
Yes, indeed disruption like bankruptcy happens gradually then suddenly… everyone thinks they have years of mincing about.
Universal Basic Income will be needed in industrialized countries soon. Elon Musk back in 2017 stated this about UBI as he warned about automation and robots taking over production jobs. Germany and Japan are in deep trouble, especially Japan.
And he doesn't like it, but knows it is inevitable.
@@GrigoriZhukov inevitable or revolution........they will be kicking and screaming towards that reality.
No it won't. Income always needs to be conditional.
@@a2eoas That is true in a society in which work opportunities are plentiful. But not in one in which robots are taking the place of humans from the factory floor to the surgery room, to... almost everywhere!
UBI will be necessary... financed by a tax on robots... or the pitch-forks will be rising.
@st-ex8506 handling out any money without a counterpart is antisocial in itself. Society means contract. There is always something that can be delivered in return for money. Especially in the area of public goods. The UBI movement is fuelled by an antisocial Impulse for no good reason.
All the more reason for universal income! Also, it's time to start making partnerships with robotics companies & plan for the conversion of auto factories to robotic factories!
UBI means Universal basic impoverishment. Unless the income is conditioned on a counterpart that creates value.
Reintroduce slavery, interesting idea.
No problem. Construction of more giga factories plus the manufacturing jobs in those factories will be enough for even more workers. Sad only for those holding stock in VW, Mercedes, Audi and BMW plus those hauling gasoline who can then haul something safer.
Agree. The writing is on the wall, and the word is KUKA.
Kuka is now owned by Midea, a Chinese appliance manufacturer.
@@nsng1298 Yep, another factor the Europeans have to think about, if they want to win the race to the bottom.
Can't stop progress, they could always work for the Chinese in BYD factories in Germany.
Beats the dole queue or food banks.
EVs are to ICE vehicles what ICE vehicles are to the horse and buggy.
Smart Phones to flip phones and Tesla is the iPhone of electric cars.
@@MarkMaxwell-author Even Tesla is at risk to Chinese EV makers. China not only produces EVs with better value but their EV battery tech is ahead.
@@mydogsbutler Chinese automakers are struggling to make a profit on EVs and the only thing keeping them mostly going are enormous subsidies.
Tesla is number one in China. BYD sells a lot of cheaper cars with a large addressable market meanwhile their margins are nowhere near as good as Tesla's .
@@MarkMaxwell-author BYD is China's biggest EV maker. Last year around 1 percent of BYDs' revenue was subsidies. Certainly nowhere near 100 percent tariff. Compare that to the American government's subsides for Intel under CHipS act.
I think it will be even more, but no problem.
We need a lot of workers in other jobs from hospital to engineering in Germany.
R. I. P. ⚰️ DieselgateVWagen...
It's called disruption. It's what happened to the analog cameras and film industries when digital cameras became cheap and good enough for the mass public; a realignment of the industry that is as drastic as it is inevitable. The difference is that the industry being disrupted this time is much larger.
Nice one, Sam
Great video
Glad you enjoyed it
Thanks!
… and amid all of this VW group is closing EV factories?
Out with the new, in with the old.
Fuck the new cars and PCP car mortgages…
Change is coming and it's coming fast ))))) just like it happened with Ford 100 years ago
I Think the car Manufacturing Jobs Lost in GERMANY and ACROSS EUROPE will be well Before 2030 ?
If EVs and automation will displace 200,000 jobs in Germany, that will have a run-on effect and the eventual number will be way higher than that. So with all those unemployed people, who is going to be able to buy the EVs.
A point I have made several times.
They are only for wealthy people and companies. EV is another way to reduce people’s movement and freedom. Coupled with impending job losses cos of automation and cheap Chinese production will cause a lot of damage in EU and UK
The is PLENTY of new work to be done in the next couple of decades: expanding and strengthening the electric grid, building new renewable generation, as well as storage capacities, improving the vehicle charging network, etc.
And specifically to Germany: rebuilding the Bundeswehr... it might just be useful in the not-so-distant future! Oh, and I forgot, seriously improving the DB (trains) and other public transportation networks!
@@st-ex8506 That doesn’t necessarily mean there will be jobs for the displaced.
@@エラー-e7v I am retired and neither wealthy nor poor... just middle-class. My EV saves me HEAPS of money relative to the ICE car I had before. It is more than paying for itself.
What are you saying? EVs will and are IMPROVING people's movement and freedom by making traveling much cheaper.
Just one example: going from our home in central France to visit my wife's mother in southern France, a 640 km trip, each way.
Gasoline cost with my previous car: about €210. Electricity costs with my electrical one (with one 20mn stop each way at a supercharger): €58... or nearly 4 TIMES less!
The German car companies at least caught up with BEVs of Tesla and BYD very quickly, starting from zero. In a next step they will, like all the other international car makers, gain back their positions. However, BEVs will result in less jobs which is actually a good thing. Its time to diversify. All good!
Germany if can not get cheap energy from Russia than automotive industry will collapse sooner or later
Deutscheland needs to go all in on renewable energy technology. They can leverage what Tesla has started.
Stuff Russia.
@@catherinegrimes2308 fossil fuels are so last century
The auto industry is not going to fail because of lack of fuel!!
@@juliahello6673 it's not going to fail at all, but the evolution is accelerating and the companies that can't keep the pace of innovation will end up going the way of Studebaker.
You forget there are many new jobs being created as Germany is re-arming! I seem to remember this sort of thing happening before and it didn't end well
just 200000, no man its gonna be more with optimus around the corner
It will happen a lot sooner than 2035. Just think how far EVs have come in the last 3 years. They are better, less expensive and more feature rich than ever.
There's an inflection point coming when batteries get cheap enough that making an EV becomes cheaper than making an ICE car even without subsidies. I mean, China seems to be very close, if not having already reached that tipping point, which is how NEV (BEV + "proper" PHEV) cars achieved over 50% market share this year even though the consumer subsidies have been reduced, but China is also at the forefront of battery cost reductions with the rest of the world lagging by a few years.
@@FabioCapela If you consider features and fuel savings the Tesla Model Y is there today. There is no premium ICE SUV that beats it.
Sam, the inflation rate in Germany is about 2 percent per annum. They rigorously target that number and usually hit it. Not knowing details, the pay cut could mean a 12 percent pay cut in real income next year for German autoworkers. Can you imagine the disruption to German families and individuals? Germany is the beating heart of the EU economy, the third largest economy in the World, with 84 million citizens! As goes Germany, so goes the EU and NATO. Back of envelope calculation for the US, I can't imagine our nation losing 20 million or 40 million jobs in ten years. Economists talk of a Universal Basic Income (UBI), but put ridiculously low numbers forward, like $1,000 a month. In and around Boston (including exurbs), if you own a small home outright, you're on your way to millionaire status. A large home? You are rich. Mine is paid off. Property taxes are $1,000 per month. Imagine the other costs. I love Tony Seba. He's right on. But between now and the near future, we're facing societal collapse. It will be like a long row of dominoes.
The only thing I would add is there is universal basic income already only it is for large corporations that are constantly bailed out keeping people in jobs building cars no one wants to buy…
Oil demand and prices are collapsing as electrification takes over. Poison cancer air for profit is over.
If people don't have a job who will buy the stuff robots make?? What wiii be the point of robots??
Lots of people will have jobs - just not at Legacy Auto companies in Germany
you missed the point, unit costs will be reduced and reduced and reduced till the cost is negligible. They will have to give them away......Tony Seba predicts......
Whilst you are correct, this view is nothing new at all. Take Amazon for instance all their workers are on minimum wage yet Amazon expect their own workers to be able to buy the products they sell. Any profit Amazon makes does not go anywhere near the workforce. It is coralled into a tiny number of pockets who end up hoarding that money where it serves no purpose and is no use to anyone. History repeats. The Russian revolution the French Revolution. The war of Independence, the Egyptians that Aztecs the Toltecs. And let’s not forget the Romans! Successful and wise leader is usually replaced by a child who is a pampered idiot
Maybe they are not losing jobs because of automation, their selling dropped a lot because they had bad practices. VAGs are too expensive cars compared with Tesla and other worldwide companies, when I say too expensive I'm not referring to buy price, it is expensive to own it, parts costs and their transparency, at car dealership they tried to sell me a 1kwh battery with 7800eur while 1kwh battery price is around 200eur. I should buy a VAG ever again? I don't think so.
In Germany it's not about cars and money like in US, its all about Labor. Check out the history about company "Kolibri" from Munich, there is the real answer. 😢😢😢😢😢😢😢😢😢😢😢
after 40 years of buying German cars of all the makes mere Audi vw and Porsche I bought a Chinese
MG4 ev i have had it 2 years and its been perfect ,my last car was a VW ID3 which had poor interior
poor soft ware not a good car
Bro, I have no idea why you are not traveling. Most of what you mentioned cost from $Free.99 to $5 in Madagascar for a date. And $50 per MONTH is Insane to spend on a woman there. And yes, they are 100xs more beautiful than anything you will find in the Western world.
Well this could be great opportunity for Herbert to hire the layed off staff and start new car brand....
Hi Sam. The flash flood in Spain destroyed aprox. 44,000 cars. Now imagine that all these cars will be replaced by EVs. Ideally produced in Europe. Sounds good 🌍 but it won't happen. If I say this in Spain they call me crazy 🤣. And sure that VW prefers to sell again petrol cars for easy money 💰.
It is a new day SAM.
It's not as if Herbert Diess didn't warn them. Now they are paying a terrible price for their hubris.
Manufacturing via robots, together with increasing reliance on Artificial Intelligence makes a strong case for Universal Basic Income.
I don't understand VW, they should have started from from battery production, buying batteries from china doesn't make any sense
VW down, next is BMW and Mercedes-Benz. Unfortunate though..i did like the ID series from VW😐..maybe i could pick 1 up for cheap someday?🤷♂️😊
In China new ID3 cost 14k USD and 2 year old can be bought for
Might be a lot more given job losses at suppliers and reduced consumer spending.
It will cost at least 2 million German auto jobs - unless there is a 180º turnaround in climate and green deal, bureaucracy, energy policies - it´s not hyperbolic. A major technological breakthrough (which is not envisaged). Major funds don´t go for innovation, research and development, they go to import energy, stabilize the grid, to build even more renewables (even where the wind does not blow) and subsidize them. Even robotic factories need energy, huge amounts of energy - which is far better available and 4 times cheaper everywhere else.
good
How many employees does tesla Germany have? Tesla will also be ramping up. Cybertruck and Semi trucks coming.
I'm surprise Germany dependance on the automative for export comes in second to Japan...I thought that was South Korea
South Korea is more diverse than most think - they are huge in shipbuilding, steel production as well as electronics and telecoms. Samsung itself is around 20% of the GDP of South Korea.
Toyota + Lexus, Honda + Acura, Nissan+ Infiniti, Suzuki, Mazda, Subaru, Mitsubishi, Daihatsu, Isuzu, Yamaha - over 11% GDP. ICE collapse would change the balance of power between Japan and China.
@@marianbiznesu1899 there is no balance already. China is ahead in almost all industries versus Japan now.
@alectang1614 military / geopolitical power
It not much, I expected more and don't care. Robot will take out some more.
At some point it's going to be a global question, how countries are supposed to deal with more and more AI, robots, and also less industrial activity because of reduction of carbon emissions.
These bans are always canceled when it gets close to the date.
The loss of 200,000 jobs over a period of over a decade (ie 20,000 a year) in a labour force of 46 million is small beer. Such a labour force creates and destroys roughly 10 million jobs a year (assuming average job tenure of five years - do the maths). Economies, and hence jobs, adapt far faster and better to industry structure changes than people think; true even for sluggish ones like Germany's. The impact would be more regional rather than national - I'd be worried if I was Wolfsberg's mayor, much less so if I was the German chancellor.
It's all part of the way people overestimate the importance of manufacturing to a developed economy. All rich economies are built around SERVICES, not manufacturing.
All good points. For services to fly, we need disposable income. When people can only afford the basics, the economy will struggle and manufacturing won’t be the answer. Not least because robots will be doing all that anyway.
Rich economies built around services have no floor to sustain themselves in the event of an economic collapse. Those high-paying service jobs are easily cut or replaced by AI.
@@ZweiZwolf "Those high-paying service jobs are easily cut or replaced by AI." How is that different from those low-paying manufacturing jobs that are easily cut or replaced by robots? Plus of course the incredibly complex supply chains needed for manufacturing are far MORE, not less, vulnerable to collapse than personal services.
@@kenoliver8913 Western service jobs are "fake" without any fixed value, whereas manufacturing produces "real" goods with inherent value. Low paying manufacturing won't be automated because robots aren't free. High precision robots replace high cost labor, just like any other tool.
Blue Sky Coming
Most all legacy automakers will go through this change
Most legacy automakers will not _survive_ this change.
There is disruptive technology well on the way. This is no different to previous waves of disruption, except, that this disruption is not specific to an industry. It is a disruption of human beings (by AI driven robots).
If humanity can harness the robotic revolution, we could very well create a utopia. The big issue will be how does humanity PAY for things if the majority of humans are replaced by robots? Without jobs (and hence income), where will the consumers come from?
I wonder if we will need a universal basic income, paid for by taxes from the robotics firms. There will be some huge issues to resolve in the next 10-20 years, and I think a lot of governments are woefully unprepared (at the best of times).
I think you are being generous. 😢😢😢
Yes, we know, any interestng News from EU?
Time to rethink life choics, go another direction. Maybe retrain in something that interests you and is easier on the back.
Punitive tariffs cannot make up for the mistakes of the German automobile industry; in fact, they cause further damage. Cheaply produced German cars from China are also subject to tariffs. Brussels is shooting itself in the foot. Once again.
Most German industry - including some car makers - strongly OPPOSED those tariffs because they are still making good money in China selling manufactured goods, including ICE cars (not much longer for that of course). The Chinese government has already begun shutting that down in retaliation. The measure was pushed largely by the eastern EU members who calculate that this will make the Chinese set up EV factories in their countries (BYD has already announced it is building a massive one in Hungary). So from Germany's POV these tariffs will just result in jobs moving east while at the same time making cars more expensive for German buyers. They are not happy with Brussels at all.
EV drivers will be delighted tho
What is Herbert Diess doing now?
Hi If you are off to China can you ask about the BYD Shark full EV release date? 😀
I'm ok with this😂😂😂😂
They threw out Herbert Diess
Major mistake the unions thought they could keep out EVs
The customers speak with their wallets
Japan is next
Wait and see they can still reorganise them selves
Yes, electric cars and "green" energy bring unemployment. The entire 20th century saw the creation of a gigantic infrastructure for servicing gasoline cars, and now all of this is being cut. Russian Minister Lavrov (Horse) expressed deep concern about this: "Many countries in the world are not ready for such a powerful transition to alternative energy, which could lead to a security crisis in the world." (He meant terrorist attacks sponsored by oil countries)
But... there ENORMOUS new infrastructure to be built to adapt to the electric cars and renewable energy you mention! Plenty of work for at least a couple of decades!
Germany sucks in the workforce from the entire EU. It is crazy. Psichologicali sure it will be hard for Germans, but freeing workforce will simply spawn new industries. These are smart, well-educated, well organized people. As things stand there are enormous shortage of workforce.
It's the european union, german workers can work abroad
😂😂😂THE only thing that doesn’t cave to the Unions is the CUSTOMER!!! They are like a honey badger and don’t care!!
Do you really beleave 2035 ban is feasible? Will it be an electric car with the same prices as ACE cars? I'll be proud ti buy a Chinese car if I'm forced to.
Horse meat was cheap when the Ford model T production line started. 😊😊😊😊😊
According to China Observer, with only a couple of exceptions, Chinese EV makers are losing money on every car they build, particularly SAIC .
China Observer is a Falun Gong publication. It has zero credibility - if you believed China Observer the CCP is about to be violently overthrown any day now.
And what is your point because every European and American manufacturer apart from Tesla are losing thousands of dollars on every ev car they sell..
@@ouethojlkjn And who will buy them? Unemployed Germans?
Food for thought. I'm not sure how relevant automation is in the long run. I can see it helps find a solution to increase the cadence of production and get volume production up. Having said that firing people and introducing pay cuts will also have direct influence on financial burdens on social security costs, higher cost of living and economic investment as more people will have less to spend which could also mean less cars could be bought and so a vicious cycle starts. Inflation is also higher firing people, and a pay cut won't help the inflation because even more people are not able to invest with less financial support. Reduction and schooling will also add cost and burden of investment and many people will need time to to re-educate and reintroduced ro jobs if applicable which will also mean a loss of productivity when introducing to the labour force and put an extra burden on the the current labour force to re-educate people coming back into the labour force. I agree that some automation could help alleviate production cadence and demanding tasks for human labour. On the other hand what I don't hear more, what for example Tesla has shown, is that most legacy manufacturers.make a stagger8ng amount of models, instead of a few good ones, and drop the price. The prices of legacy EVs somehow feel artificially high as they seem not to meaningfully increase production volume. Tesla first increased automation, but later found out it is not possible to automate everything and human skill and labour is still needed to make good EVs. I think, therefore, the narrative of the elephant in the room on the automation narrative is only one side of the coin in this story, butb not the whole truth
The social/political consequences are incalculable, with 'human-labor' being devalued at the same time that automation/AI/robotics is making human labor worthless. However, the ignorance of governments and industry to the phenomenon is worse, almost guaranteeing social/political dysfunction and chaos. The failure of government, industry, business to see what's coming is astounding. Where are the leaders with real vision beyond the next election or the next 2 quarters? The immediate consequences are already rapidly advancing; which is why India cannot repeat the Chinese model for 'human-productivity' over the last 50 years.
Yeah the Robots will do that everywhere.