To be clear I was suggesting that the number of jobs gained in the USA would not be 1-1 with the number of jobs currently in a given hypothetical factory. I.e. the Chinese factory loses 100 jobs, a corresponding American factory is unlikely in my view to gain 100 jobs, and instead the number may be much lower.
I guess it's possible if China is that good at efficient manufacturing that the number of jobs in the United States would increase relative to the job loss of the same factory in China, but I wouldn't view that as a bad thing. Higher employment and more wage pressure for regular workers, and companies will have to invest in better technology and processes to alleviate that wage pressure.
I guess it's possible if China is that good at efficient manufacturing that the number of jobs in the United States would increase relative to the job loss of the same factory in China, but I wouldn't view that as a bad thing. Higher employment and more wage pressure for regular workers, and companies will have to invest in better technology and processes to alleviate that wage pressure.