The effect of computerization was just to keep some industrial production at home - mostly the unique kind of manufacturing where labor costs weren't dominant.
I think the US is in for an epic shock in few years time when they realize just how much getting cut off from Chinese factories will hurt.
Either demand for labor to substitute those Chinese factories will spike or the US will economically spiral as inflation takes off like a rocket and US elites try yet again to shift the burden onto the politically impotent working classes.
I don't think so. We have major domestic and on-shoring efforts taking place and a massive pool of migrants to draw from for cheap labor in addition to low cost collaborations with Mexico. The cost of trashy consumer goods might spike but the market would quickly supply alternatives for manufacture of important goods.
The effect of computerization was just to keep some industrial production at home - mostly the unique kind of manufacturing where labor costs weren't dominant.
I think the US is in for an epic shock in few years time when they realize just how much getting cut off from Chinese factories will hurt.
Either demand for labor to substitute those Chinese factories will spike or the US will economically spiral as inflation takes off like a rocket and US elites try yet again to shift the burden onto the politically impotent working classes.