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> And that’s not changing anytime soon. I wouldn't bet the farm on this one. The US ain't what it used to be and China is rising fast.
by ur-whale 5y ago
> And that’s not changing anytime soon.
I wouldn't bet the farm on this one. The US ain't what it used to be and China is rising fast.
- nemo44x 5y agoSuch an overblown and baseless talking point. The USA has never been in a stronger position. Literally just printed 40% more money than has ever been created and the demand for her bonds is insatiable. I’m happy for China and Chinese people having a better quality of life. But their economy is based on humans doing things inexpensive. It’s essentially a services business, not a SaaS business. It doesn’t scale well but they have so many poor people to exploit that they can make a thing of it. When the seriously export culture, novel technology, or medicines then sure. When they aren’t a net importer of food then sure. But the yuan is not a serious threat to usd. It’s pegged to it.
- dmingod666 5y agoBehind the cheap workers is whole industries and ecosystems and know-how, it's not a cheap labor problem. Bangladesh is cheap labor but if you wanted to start building phones there you will not have the ecosystem to support you..