Earlier quoted context omitted.
> What will be America’s competitive edge in that scenario? Comparative advantage means countries benefit from specializing in producing goods or services where they have the lowest relative opportunity cost - not necessarily where they're the best overall. Even if China focuses on technology (and this is far from decided), America can still thrive by specializing in other areas where its relative efficiency or uniqu…
India does well on software development partly on a volume basis. Their top end developers often want to move abroad for career development and earning potential. I would not be surprised if potus put tariffs on H1Bs
How much do you think it costs to make a pair of Nike shoes in Asia?
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Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#362I hope the elites of US are not thinking about moving shoe-making back to the US because it doesn't make sense. I'm sure (I hope, actually) that some policymakers, or some researchers, have done some conclusive researches about -- give X years into the future, and let's see we do not want to disrupt the current social-economic reality too much (no revolution, no major wealth re-distribution, no world wars, etc.), whi…
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#363Americans need to get over their view of “Asia” as being about making shoes. When I was working in engineering in the early aughts, we mocked the Chinese as being able only to copy American technology. Today, China is competitive with or ahead of America in key technology areas, including nuclear power, AI, EVs, and batteries. We need to anticipate a future where China is equal to America on a per capita basis, but f…
I think it's pretty clear what Trump's long-term solution is with unobtainable economic goals on China and strategic outreach to Russia — He wants to turn that 4x into 1x via hot war before the Xi's 2027 military goals are reached.
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#364I hope the elites of US are not thinking about moving shoe-making back to the US because it doesn't make sense. I'm sure (I hope, actually) that some policymakers, or some researchers, have done some conclusive researches about -- give X years into the future, and let's see we do not want to disrupt the current social-economic reality too much (no revolution, no major wealth re-distribution, no world wars, etc.), whi…
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#365Earlier quoted context omitted.
Freedom of Expression is part of the Human Rights Act 1998. It's not the Labour party that's campaigning to repeal this act.
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The loudest voices calling for a scrap are exactly the people you DON'T want deciding what human rights you'll be "allowed".
And incitement to violence is, and always should be, unprotected speech - your silly "two tier kier" is informing me greatly that you're on the "they locked them up for hurty words!" bandwagon.
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#366Earlier quoted context omitted.
Train tickets sure, for the high speed rail, but metro? Not in Shanghai at least
Metro ticket machines in Beijing won't sell a ticket until you've scanned an identity card. Tourists must wait at the ticket window. Foreigners aren't usually asked to show the passport unless they look Chinese.
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#367Earlier quoted context omitted.
> Their population is declining, ... This can not be overstated. China is on the verge of the largest population collapse in human history. By 2080 China's population will drop by 600 million. If that trend continues, by 2150 China's population will drop to 280 million. Other asian countries such as South Korea and Japan are on a similar trajectory.
Why would that trend continue for 100 years? No reason to believe that.
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#368Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#369Earlier quoted context omitted.
Something like a grant from the government to work on your project of interest with no expectation that it be commercially successful. You want to be an artist the government gives you a grant to support yourself while contributing to the cultural lexicon. Scarecity is manufactured today for profit and not real; nobody needs to work at a 7/11 but they are essentially trapped into those sorts of jobs because they are…
Why on Earth would taxpayers give their hard earned money to other people to work on their "projects of interest"? Scarcity is very real, I'm not sure why you would feel otherwise. Fortunately, we have largely eliminated scarcity of the necessities of life due to economic policies that are as far from your suggestions as possible, but that doesn't mean that they are produced at no cost or that scarcity in general doe…
Re: How much do you think it costs to make a pair of Nike shoes in Asia?
#370Earlier quoted context omitted.
I think it could have been a great help to the UK.
Yes, a small majority agreed. But that isn’t what I asked.