> Yes, it means some people in rich nations will see their income relative tot hat of poor countries stagnate and they won't be able to afford a McMansion or Te

> Yes, it means some people in rich nations will see their income relative tot hat of poor countries stagnate and they won't be able to afford a McMansion or Tesla car and will have to rent an apartment and take transit or own a Honda, but this is ten times better than what people in developing counties have. The stagnating income in the West is a result of policy, not a direct consequence of globalization. Real wages in the US are stagnating for over 40 years now (1), but GDP grew enormously in that timeframe (2). The profits are still created in the West, they just aren't distributed down to the employees. The world economy is not a zero sum game. Its perfectly possible for western wages to rise simultaneously with Chinese and Indian ones. (1): https://en.wikipedia.org/wiki/Real_wage#/media/File:US_Real_Wages_1964-2004.gif https://en.wikipedia.org/wiki/Real_wage#/media/File:US_Real_... (2): https://upload.wikimedia.org/wikipedia/commons/1/10/US_GDP_per_capita.PNG https://upload.wikimedia.org/wikipedia/commons/1/10/US_GDP_p...