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It’s related. The US had 200M people in 1970. 330M in 2020. If the number of jobs is about the same, you’re shrinking. You can explain some of that through pro
by Spooky23 4y ago
It’s related. The US had 200M people in 1970. 330M in 2020. If the number of jobs is about the same, you’re shrinking.
You can explain some of that through productivity improvements, but imo the bill was just outsourced away. The fact that we cannot build iPhones anywhere but in a specific region of China tells the story.
It’s an incredible achievement - globally the industrialization of China dramatically improved the lot of a billion plus people. But that wasn’t free.