Quote:
Originally Posted by Greedy,Greedy,Greedy
I just finished our annual budgetary crystal balling exercise. I've made my much of my living off in-bound work the last decade, some but by no means all of it from China. In the coming year, it looks like outbound work will be a majority of it, with a ton involving China. It's not just Trump, of course, there are many causes, and its one small window on the world. But if it actually plays out like this, it is a massive change.
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We chose domestic appeasement (likely illusory) over trade liberalization. What you cite is the inevitable result.
But trade can go on in a Balkanized world.
And the problem is unsolvable. You can't have a country of 85% struggling, 14% doing well, and 1% running away with all the gains.* That just will not persist. Something was going to break. Populism is just a step before riots, civil unrest, etc.
Adder, do not say something stupid here like, Education would fix everything, or Technology ultimately creates more and better jobs. Don't degrade the discussion. (If you want to discuss a guaranteed wage, that's fine.)
Wait until automation ramps up domestically to counter Trumpism. That's going to be right out of Vonnegut's Player Piano.
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* Struggling includes those who couldn't survive for a couple years without a job at their current income. And by the way -- a few of us are going to be casualties of cost-cutting in the coming decades. This is a real consideration.
