the amazing stat was 75% of all domestic goods are still made in this country even though there was a net loss of jobs in manufacturing. meaning the manufacturing sector simply got a lot better at automation and workers got more efficient.
If you just look at the per capita GDP of the Chinese coastal provinces, they have now become too expensive to have that competitive edge vs our highly efficient manufacturing sector. So factories are having to move into inland provinces. But once factories have to start moving inland, there’s now another layer of transportation cost to deal with.
