Very interesting article. 5 cents from post soviet hole I'm in:
[] US/EU moved production to China because it was/is cheaper
[] It was/is cheaper because innovation in production technologies to this date haven't narrowed the gap for US/EU companies to move production back to US/EU.
[] US/EU workers don't want to compete with Chinese workers because they are "too cheap", but can't scale their efficiency proportionally. This is the main challenge of the developed economies - find how to continue growing the efficiency
[] US strategic failure is in putting all the eggs in one basket - China. Why not to have 5 production hubs around the world is not clear (maybe other nations don't want to work as hard as chinese?)
[] Another US strategic failure is to choose offshoring over local production. This could be achieved by lowering minimum wage or if this decision is not politically feasible - import of workforce. For this you could make elaborate laws where people coming to US for work couldn't stay there and had to go back once their work is done. Arab countries are doing this a lot.
[] The conflict of interest became apparent in times of struggle: virus shown that US is not de facto in control of outsourced production overseas
[] It DOESN'T mean that US must bring back production or start wasteful BUILD projects, which no one ever will use. It means that US must start investing even more into bridging the gap between overseas labor costs and automation due to innovation. Or create even more service industries that will be in demand overseas
[] If US succeeds in this mission - it is rightfully the leader of the world, its system is superior and next development revolution will be theirs to benefit from
[] But if US fails to bring the world new development cycle or someone does it before them - US citizens shouldn't expect their living to improve significantly since financial manipulations can bring you only so far
So if robots happen - all of the above resolved. And in times like this it must be quite easy to repurpose robot, which will solve extreme capacity shocks in the system.
BTW US were building high speed trains - it is called airplane! And was winning worldwide competition to date, but decided to outsource critical development to India... So I guess another example of strategic failure.