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> Most all the income and productivity gains from globalization and go to the wealthy Income gains, perhaps. Productivity gains no. People buy foreign goods be
by Aunche 5y ago
> Most all the income and productivity gains from globalization and go to the wealthy
Income gains, perhaps. Productivity gains no. People buy foreign goods because they tend to be significantly cheaper. Capital in the US tends to be reinvested, so we would stagnate in innovation.