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The great thing would be if the increased output from this automation matched what USA currently produces in China. Then it could gain independence from China,
by tajen 10y ago
The great thing would be if the increased output from this automation matched what USA currently produces in China. Then it could gain independence from China, and China could finally give those goods to their internal markets. And employment standards could be respected in both countries (however products built in USA will still be significantly more expensive, matching hopefully higher salaries).
- tonyedgecombe 10y agoThe net result is both countries would be poorer, we didn't start international trade for no reason, there are strong economic and politcal benefits to trade.
- rralian 10y agoMaybe the rich will get poorer. I suspect income inequality would decrease however. Median income would increase.
- tonyedgecombe 10y agoWhat mechanism do you think will decrease inequality?