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The fallacy in that is that countries don't get to decide and plan what their comparative advantages are. If the US can systematically train it's workforce for
by mseebach 15y ago
The fallacy in that is that countries don't get to decide and plan what their comparative advantages are. If the US can systematically train it's workforce for higher-cost services, so can China. Except, they can do it faster, cheaper and at a larger scale (like everything else they do). This is what happened with white collar IT jobs going to India.