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Yes, globalization would be one of the main reasons the "good old days" are no longer achievable. Lifestyle is being globally normalized. Note I keep putting "

• Barrin92 8y ago
  globalisation isn't a zero sum game. Rise of industry in developing nations didn't mean that some static output shifted around. Only a relatively small percentage (about 15% or so according to most research) of job loss is attributable to globalisation, and it isn't the jobs that were responsible for the 'good old times', but rather the very worst, environmentally damaging manufacturing. Gains in productivity and corresponding automation account for the lion's share of job loss. https://www.nytimes.com/2016/12/21/upshot/the-long-term-jobs-killer-is-not-china-its-automation.html https://www.nytimes.com/2016/12/21/upshot/the-long-term-jobs...
  • hopler 8y ago
    Globalization might be negative sum, when accounting for the lower marginal utility of monetary wealth captured by a few super wealthy capital owners instead of the masses of laborers