4 ms·
Note he didn't provide a solution to scaling companies domestically other than taxing offshore products. That type of protectionism may work domestically but i
by hbt 11y ago
Note he didn't provide a solution to scaling companies domestically other than taxing offshore products.
That type of protectionism may work domestically but it means that American companies cannot compete overseas if they are being undercut on price.
It looks like technology will fix the problem in time. American companies will start manufacturing in the US but there will be no jobs, just automation.
The focus should really be: how can we increase the intelligence of the average worker so they can compete in the new economy and not just "live life on basic income" or "get an overseas job waiting to be automated".