By the time re-industrialisation kicks in, the US will be well placed to replace China as a source of cheap labour, once living standards decrease to that level.
China hasn't been where the cheap labor is for many years now. Cheap labor is in SEA (Mayasia, Thailand, Vietnam, etc) Bangladesh/India, Mexico, Brazil, and African nations like Nigeria.
> By the time re-industrialisation kicks in, the US will be well placed to replace China as a source of cheap labour, once living standards decrease to that level.
That's going to take some a serious baby boom, I'm not seeing it.