So what's the alternative? Protectionism? The rest of the world will be colonizing Pluto while we are self-sufficient with furniture. Look at all these chair building jobs! Each chair only costs $45,000 each.
No, the US will never, ever be competitive with India and China on industrial labor even if we went laissez faire. We have to go the other way. Drastically reform and expand education and compete with Europe, not China. In other words, in order to maintain our standard of living, we need to be inventing and designing and leave the manufacturing and production to Asia. (Until the AI/robot game changer.)
No, the US will never, ever be competitive with India and China on industrial labor even if we went laissez faire. We have to go the other way. Drastically reform and expand education and compete with Europe, not China. In other words, in order to maintain our standard of living, we need to be inventing and designing and leave the manufacturing and production to Asia. (Until the AI/robot game changer.)