by ohthatpatrick Mon May 06, 2013 11:20 pm
Sure thing, the proposed explanation that is rejected (and subsequent alternative explanation) all takes place from 39-49.
Proposed explanation for why US integrated producers are struggling:
Labor-intensive machinery is at fault
Rejection:
But Japanese integrated producers who DON'T use labor-intensive machinery are ALSO struggling (so there must be some other reason)
Alternative explanation:
The fact is that integrated producers have an inherently inefficient process that hasn't gotten with the times.
Let me know if this fails to clarify.