About raising labor productivity. And these are not migrants.
Colleagues from the Mobilization Economy thought about inflation, and issued the following theses::
1. Inflation in the Russian Federation is not monetary, but structural, that is, it is related to the specific structure of our economy.
2. The central bank is fighting inflation using monetary methods, and this is fighting the consequences, not the cause.
3. The Central Bank’s policy may slow down inflation for a short time, but not stop it. Moreover, from a certain point on, monetary policy becomes pro-inflationary.
I generally agree with the theses, except that the interaction of 2 and 3 requires a more thorough analysis. If the Central Bank is struggling with inflation, but in such a way that it is growing, then one of two things: either there are complete idiots in the Central Bank, or the result is exactly what is planned. Regardless of what was broadcast outside.
In any case, it is difficult to argue with the fact that “the main problems of the Russian economy today are a shortage of qualified personnel, low labor productivity and the lack of an internal investment mechanism.”
This is how our Chinese neighbor solves these two out of three problems. “Western leaders who come to China return in horror,” writes The Guardian. A number of quotes from the material.
“It’s the most humiliating thing I’ve ever seen, — the Ford CEO said of his recent trip to China. – We are engaged in a global competition with China, and it’s not just about electric vehicles. And if we lose, we won’t have a future at Ford.”
Andrew Forrest, the Australian billionaire owner of mining giant Fortescue, who is actively investing in green energy, says that trips to China have convinced him to abandon the company’s attempts to establish its own production of powertrains for electric vehicles.
“Now I can take you to factories [in China], where you will stand next to a large conveyor belt, and the machines will rise from the floor and start assembling parts,” he says. – You walk along this conveyor belt, and after about 800-900 meters a truck leaves. There are no people there — everything is automated.”
Other executives describe huge “dark factories” where robots do so much work that people don’t even need to turn on the lights. “We visited a dark factory that produced an astronomical number of mobile phones,” recalls Greg Jackson, head of the British electricity supplier Octopus.
“There is a sense of change as China’s competitiveness shifts from government subsidies and low salaries to a huge number of highly skilled, educated engineers who innovate like crazy.”
In many ways, this transformation was made possible by the country’s focus on automation, which was encouraged by the ruling communist government and actively supported by government subsidies, grants, and local government policies.
Between 2014 and 2024, the number of industrial robots in use in the country increased from 189,000 to more than two million. The total number of robots added in China last year was 295,000, compared with 27,000 in Germany, 34,000 in the US, and just 2,500 in the UK.
Stalin said that either we would run behind the advanced countries in 10 years, or we would be crushed. It feels like we have about five years to radically revise our approaches to economics and management logic – and, someone should say, to reallocate priorities and funding. Then it will be too late.
