Comment Not all labor is equal (Score 4, Insightful) 414
At $22k for a 3 year life, assuming 24x7, it labors for $0.84/hour with no outages. The other video had $3/hour. Add that you can save on transportation costs, customs, etc and its a no brainier that manufacturing will become "local".
As far as job creation, i can only see it create technician jobs to repair the machines. What this will not do is create the manufacturing jobs themselves. The age of low skill labor is over, those jobs are lost. That segment of the US population (poor, undereducated, entry level) will continue to be unemployed. It will also create Chinese unemployment.