How is the US supposed to compete against this?
Import more indians
>>539527589by having some sort of a competitive advantage (which will never happen.)
>>539527589USA has long pivoted into services and tech while they have poorer countries manufacture for them. This allows them to be very efficient and rich af. Problem is that this only works when the world plays nice and trades freely. If all of that off-shored industrial output suddenly gave a middle finger to USA they might be in a really fucking awkward spot.USA's main issues right now is the competition to vital industries that just can't be kickstarted up in an emergency like vehicles but also to keep everyone playing ball with relying on USA for services. It's why AI is so important because much like tech if they get a monopoly that's easy money printing.
>>539527970So will USA work more on maintaining the status quo that benefit them or brace for impact and try to boot up more industrial output? Seems like Trump was flirting with the latter but in a really bad and blunt way so who knows how hard USA might go for it. I doubt the giga rich oligarch's would love being drained of wealth if the world starts pivoting away from their services though.
>>539527970>USA's main issues right now is the competition to vital industries that just can't be kickstarted up in an emergency like vehicles but also to keep everyone playing ball with relying on USA for services. It's why AI is so important because much like tech if they get a monopoly that's easy money printing.We can honestly probably reindustrialize and do it really well and clean with modern practices but only if enough red tape is actually lifted specifically in regards to permits and bureaucratic nonsense that slows everything down. That won't happen until we overco the 4th turning crisis.China's increasingly huge problem is it's birthrates are in the toilet and it's sex ratio is 7 men for every 5 women which destroys societies. Their issues also need to be solved with a 4th turning crisis given China is ripe for an amazing cultural Rennaisance and to be much better that's absolutely being held down by the CCP right now in favor of Technocratic dystopia
>>539528289Low birth rates are actually a good thing. An abundant labour supply retards economic development because cheap labour suppresses the comparative advantage of labour saving technology. Think for example, how the hell is it that Trump refused to deport illegal immigrants working on US farms? How does the alleged most developed country in the world not have the technology to automate those jobs if they are so low marginal productivity that they pay below minimum wage? The answer is, employing illegals is cheaper than making labour saving machines.China is best positioned in the entire world for rapid workforce automation, if the tech is ready in time.
>>539527970>services
