[bell-cot]

> - Razor-thin margins so shops can't afford to pay well

> - Having a shop in China machine the parts for you can be quite acceptable, especially in higher volumes

Yes, in some circumstances, your idea can work. To a degree. But there are plenty of trades and whole industries where domestic employment has fallen by 100X or more, because global capitalism found plenty of cheap workers in distant countries. Where 10X (or more) lower pay didn't seem so bad, compared to their local alternatives.

[DanielHB]

My point is that the expertise drain is going to hit those other countries too, within our work-lives given the demographics of China, Korea and Japan. The same thing is happening over there to even worse degrees, youth unemployment is already massive problem in east asia and when all those trained workspeople and engineers leave the work force in ~30 years.

Sure then that expertise could migrate to other countries, possibly some in Africa. But the demographics slow down is probably already going to afflict those countries before the expertise leaves east asia in the first place.

I truly believe that within 40 years we are going to have a massive infrastructure maintenance problem, where the world will run dry of trained professionals to maintain everything that is already built. And, like I mentioned above, the wealth inequality will reduce because the owners of capital will need to pay premium rates for qualified workforce (think how cobol is today).