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>They can't do cheap labor 24/7/365 forever Yes and no. China can't, no, but history tells us exactly what will happen. Japan used to be the "cheap and crappy
by Dah00n 5y ago
>They can't do cheap labor 24/7/365 forever
Yes and no. China can't, no, but history tells us exactly what will happen. Japan used to be the "cheap and crappy electronics maker". At some point the population has been lifted enough that some other poor country will take over the bottom jobs. Likely somewhere in Africa. It is not as if China at some point will start to fall back to where it once were and even if it did all it would do would be to hold the production in China instead of the next country.
>Eventually we'll both need to rebalance price, jobs, security, and so on.
That will never happen.
- scrubs 5y ago>It is not as if China at some point will start to fall back I never said they were. Also babysitting Chinese outcomes is another not-my-problem. There's a whole invasive inflexible CCP state control thing going on there who, by the way, claim it as their problem. It's also not a feature for China to fall back to some pre-Deng era. Knowing what I care and don't care about it is not equivalent to hoping China fails. Certainly not. Maybe China will rock and roll. Maybe they fall in disinflation like Japan did starting somewhere around the 1990s, from which I'm not sure they recovered. I am saying the west has got to do a better job at realizing what the end game is for China in some important areas. And know what our concerns are, and do a better job at holding the line. Here, in the US, "show me the discount! show me the cheap!" cannot be the last thing heard. >Eventually we'll both need to rebalance price, jobs, security, and so on. Good! I love it when people lay down a hard line. Hard lines are easy to bust.