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We've seen the answer to that - it already happened in Japan. The search for cheap labor moves on to another poor country, and the newly rich country is an eco
by JulianMorrison 17y ago
We've seen the answer to that - it already happened in Japan.
The search for cheap labor moves on to another poor country, and the newly rich country is an economic benefit to all as a trading partner.
- ytinas 17y agoAnd when we run out of poor countries? You could say that that can't happen because when the Chinas/Indias of the world get to our current standards we will be at a higher standard and they will still be poor relative to us, but this doesn't appear to be happening. The American middle class had a lot more money e.g. pre-Reagan than they do now.