What I find ironic is that as businesses leave China, they move into the exact same type of culture in Vietnam and India. Vietnam is basically a mini China and India is trending towards the same authoritarian regime that most people find distasteful.
The entire western world is so addicted to cheap labor I don't know what would happen when there is no more cheap labor to be found. There will be a huge social disruption when everyone everywhere in the world demands 100k salary a year with social benefits. That or AGIs come out and we get a disruption on the same scale.
Fun fact, Vietnam is moving from 5 days work week to 6 days work week while the rest of us are demanding 4 days work week here in the US.
The entire western world is so addicted to cheap labor I don't know what would happen when there is no more cheap labor to be found. There will be a huge social disruption when everyone everywhere in the world demands 100k salary a year with social benefits. That or AGIs come out and we get a disruption on the same scale.
Fun fact, Vietnam is moving from 5 days work week to 6 days work week while the rest of us are demanding 4 days work week here in the US.