Globalism became unpopular because while offshoring to China made goods cheaper, the jobs moved to China as well, and labor arbitrage meant workers did not see increased purchasing power despite deflation, a pattern repeating with automation.
factualpending
Speaker
Unidentified Speaker — Post-Labor Economics Lecture 03 - "That which gets measured… [PnmIsu9wGDA]Evidence Quote
“we have made goods and services cheaper by offshoring our manufacturing to China... all those jobs are in China... with labor arbitrage you guys still don't have that much more money... machines generating as much of the wealth as possible”
Source
Post-Labor Economics Lecture 03 - "That which gets measured gets managed!" (2025 update)— David ShapiroCreated: 8/11/2026, 7:31:42 AM
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