Aren't there billions of people in the world outside of China who can continue to provide cheap manufacturing labor for decades to come? Also automation will be

Aren't there billions of people in the world outside of China who can continue to provide cheap manufacturing labor for decades to come? Also automation will begin to pick up any slack left by outsourcing. I don't think the blue collar jobs of the 70's and 80's are ever coming back. The knowledge economy is replacing globalization as the transformative economic force. In a knowledge economy, the winner takes all, and that means more and more education is required to play in the big leagues, even as the big leagues become the only game in town. I believe only aggressive wealth and income redistribution like universal basic income can prevent a dystopian future of stark inequality.