Within this framework, 🇺🇸 has responded rather predictably by effectively restricting or banning imports of everything ranging from Tiktok to Huawei smartphones to BYD cars.
While various reasons are given (reciprocity, blanket "national security"), economic competition is really at the heart of it.
While various reasons are given (reciprocity, blanket "national security"), economic competition is really at the heart of it.
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Its blue-collar labor pool is shrinking and becoming more of a precious commodity and wages rising, commensurately.
Levelheaded recognition of this reality (i.e. not freaking out about it) is key to managing a peaceful transition.
The world will need to find a new equilibrium point — and new (or modified) organizational structures.
Where this ends up is a much harder question to resolve but as long as people don't get so emotional and nasty about it, I am confident we will be able to collectively figure it out.
We just have to get their in one piece so we can deliver it to them.