by John Galt » Thu Mar 10, 2022 11:13 am
saz is right people are valuable assets. I'm pointing out china is losing half. they cannot make up for this in automation. the issue is not simply labor being eaten away, although that is most certainly an issue in china where cheap labor is the powerhouse of the economy (gdp/person in china is like $8k, it's $60k in America), but also intellectual capacity. but I do agree that stronger ties to India is important, but also Nigeria
Americans learn only from catastrophe and not from experience. -- Theodore Roosevelt
My life has become a single, ongoing revelation that I haven’t been cynical enough.