Agreed; sticky wages is also part of PSST, but the new thing is perceived fragility of potential hiring companies. Overseas expansion could be any of a number

Agreed; sticky wages is also part of PSST, but the new thing is perceived fragility of potential hiring companies. Overseas expansion could be any of a number of things besides wages, it's waning and it fails frequently. Something like the manufacturers aggregated through Alibaba seems different from setting up bespoke manufacturing overseas. Thanks for the link.