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Western countries are getting a lot of free stuff from China through financial games, if that financial economy disappears, I wonder how much of that free autom
by Ambolia 4y ago
Western countries are getting a lot of free stuff from China through financial games, if that financial economy disappears, I wonder how much of that free automatic stuff is actually free and actually automatic.
- bushbaba 4y agoIf that ends, we could very well see a very drastic wage price spiral.
- Ambolia 4y agoAnd a political crisis, a lot of people who build things with their hands and that have been "deplorables" for the last few years would start earning a lot of money and becoming much more important. And a lot of people that live in certain cities and hold certain jobs would lose a lot of weight in society. We all saw how bad things got in Canada with the trucker protests, things would be more volatile politically if there was a higher percentage of jobs in the economy that held the same kind of disruptive power as the truckers.
- arcticbull 4y agoMy understanding is that the cost of making things in the US is roughly the same as China. In China labor is cheap but energy is expensive, whereas in the US labor is expensive but energy is cheap.