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Ultimately you get out of this trap by making work sustainable and trying to level the playing field. Almost nobody is spending resources in the US. And that's

Ultimately you get out of this trap by making work sustainable and trying to level the playing field. Almost nobody is spending resources in the US. And that's half of the problem. It's spent elsewhere, therefore labor stagnates or falls, only leaving low tier jobs to work. No factories locks out advancement reducing morale and draining the best that could have their kids advance. In the US, you had skyrocketing prices on basics like healthcare and housing too, way more than elsewhere. UK has a lot of this problem too. That together ultimately causes a reduction in teaching and educational standard, which further shrinks the high end advantage. Short version: economy and people hollowed out in the middle is unsustainable.

rayiner 2y ago
> Ultimately you get out of this trap by making work sustainable and trying to level the playing field. And you can't make work sustainable and level the playing field when you have free trade with developing countries. People cite Ricardo like gospel, but the math of free trade treats every safety net, worker safety protection, etc., as a loss of "comparative advantage." You know how Texas takes jobs from California by having lower standards, lower wages, etc.? That's what happens when you have free trade with third world countries. It's a race to the bottom.