News for hackers. Stuff that matters.
Re:China’s Economy to Reap Benefits That Once Flowed to U.S by ng12 on Monday December 24, 2018 @01:56PM (#18753634)
We already decided thousands of jobs are better done in China. Either way somebody loses out.
Re:China’s Economy to Reap Benefits That Once Flowed to U.S by ineedasername on Monday December 24, 2018 @02:10PM (#18753710)
We have record unemployment and until the market fluctuations of these past few weeks, arguably the strongest economy ever and the biggest in the world. I don't know what loses you mean. That fewer people spend their career in a factory? There's disruption yes as our economy transitions to other jobs, but the net trend for everyone is upwards.
Re:China’s Economy to Reap Benefits That Once Flowed to U.S by ng12 on Monday December 24, 2018 @04:26PM (#18754350)
> the net trend for everyone is upwards.

Not true. Unemployment is low at the peak of the longest bull run in history, sure. The problem is wage growth is static, or even dropping: http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-...

Re:China’s Economy to Reap Benefits That Once Flowed to U.S by ineedasername on Monday December 24, 2018 @06:25PM (#18754855)
You're picking one metric out of many, that is too simple to represent the entire system. The gestalt is positive. Stagnant wage growth is only a piece of the picture: with so many people employed it's still a net increase in the national payroll. Stagnant wages are a problem, it mean a lot of the benefits of the bull economy are probably not being distributed very equitably, but that by itself does not represent the trend.