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🗓️ 20 February 2012
⏱️ 72 minutes
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0:00.0 | Welcome to Econ Talk, part of the Library of Economics and Liberty. I'm your host Russ Roberts |
0:13.9 | of George Mason University and Stanford University's Hoover Institution. Our website is econtalk.org |
0:21.2 | where you can subscribe, find other episodes, comment on this podcast, and find links to |
0:26.5 | another information related to today's conversation. Our email address is mailadicontalk.org. We'd |
0:33.6 | love to hear from you. Today is February 2nd, 2012, and my guest is Adam Davidson of NPR's |
0:43.6 | Planet Money and the Economics columnist for the New York Times Sunday magazine. Adam, welcome |
0:48.6 | to Econ Talk. Hey Russ, it really is an honor to be on the podcast I love this podcast. Thank you. |
0:54.3 | You recently wrote a fascinating article in the Atlantic on what has happened to the U.S. |
0:59.8 | manufacturing sector and what might be happening in the future and you used a factory in Greenville, |
1:05.4 | South Carolina as emblematic of that story. Start by talking about the factory. What do they do there? |
1:11.8 | They're an auto parts manufacturer specifically. They manufacture aftermarket auto parts and I |
1:18.8 | specifically set out to find an aftermarket auto parts factory because auto parts are one product |
1:28.3 | line that are made in the U.S. and in China, so the competition is rather direct. There's so many |
1:34.9 | types of things that China makes and we don't make anymore like T-shirts or computer assembly or |
1:40.1 | whatever. Then there are things that China doesn't do like high-end medical equipment or avionics, |
1:47.7 | that kind of thing. I really wanted to find a factory on the front lines and auto parts seem like |
1:51.9 | the right way to go. Then the aftermarket, these are the OE, the original equipment manufacturers are |
1:59.6 | the ones who make products directly for Ford or GM or Toyota for the car that comes off the |
2:05.8 | assembly line when it's new. The aftermarket are the folks who make replacement parts. The OE |
2:11.7 | world is its own universe and they're not really competing for shelf space and auto zone, |
2:17.1 | whatever, like the aftermarket is. This factory in South Carolina makes fuel injectors, right? |
2:23.7 | Yeah, they make two major lines. They think to do with electronic systems and then fuel injectors |
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