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The Extreme Shortage of High IQ Workers - Marginal REVOLUTION

marginalrevolution.com · 528 words · saved by 1 readers

At first glance it seems peculiar that semiconductors, a key item of national strategic interest, should be produced in only a few places in the world, most notably Taiwan, using devices produced only in Eindhoven in the Netherlands by one firm, ASML. Isn’t the United States big enough to be able to support all of […]

At first glance it seems peculiar that semiconductors, a key item of national strategic interest, should be produced in only a few places in the world, most notably Taiwan, using devices produced only in Eindhoven in the Netherlands by one firm, ASML . Isn’t the United States big enough to be able to support all of these technologies domestically? Yes and no. Semiconductor manufacturing is the most difficult and complicated manufacturing process ever attempted by human beings. A literal spec of dust can ruin an entire production run. How many people can run such a factory? Let’s lo

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