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by Gibbon1
3433 days ago
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The propaganda contains a false assumption. That for people in China to not be totally poor the working/middle class in the US need to regress economically. Note the very wealthy got wealthier at the same time incomes stagnated for everyone else. And economic security declined. It's propaganda. |
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I clearly, explicitly stated that I don't think that's the case.
I don't think the rise of China has really cost much in the way of working/middle class incomes. I think that's largely due to increasing automation, but rising inequality is certainly part of the equation.