I agree it’s going to be problem. It’s already happened when we exported manufacturing jobs to China. Most of what was left was retail which didn’t pay as much but we struggled along (in part because of cheap products from China). I think that’s why trinkets are cheap but the core of living (housing and now food) is relatively more expensive. So the older people see all the trinkets (things that used to be expensive but are now cheap) and don’t understand how life is more expensive.
Capitalism doesn’t look that far ahead.
I agree it’s going to be problem. It’s already happened when we exported manufacturing jobs to China. Most of what was left was retail which didn’t pay as much but we struggled along (in part because of cheap products from China). I think that’s why trinkets are cheap but the core of living (housing and now food) is relatively more expensive. So the older people see all the trinkets (things that used to be expensive but are now cheap) and don’t understand how life is more expensive.