I don't think the problem is that 3rd worlders are willing to accept lower standards of living - over time that problem fixes itself.
I think the fundamental problem is that USA is highly regulated to the point that even with workers who are 3-4x as productive it's just not worth it to produce here.
Another big problem is reserve currency status of the US dollar - if you can pay for your imports with a printing press rather than real goods and services, it's going to make sense to do a whole lot of that. It's also going to make sense to import as much as possible rather than produce even for your own consumption.
asourcefamiliarwiththematter / a source familiar with the matter
npub17k…mhcd0
2024-12-20 16:01:28
in reply to nevent1q…veqd
Author Public Key
npub17k64766yhzvhk2mws356dftl35lnkthjwq34gdz9cs8va3y9aejqwmhcd0Published at
2024-12-20 16:01:28Event JSON
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