Same thing - China, Vietnam, Robots. The Federal Reserve has issued fiat money and manipulated interest rates to zero. The cost of capital is tiny for large companies, while as I mentioned, the cost and barriers to hire labor is actually very high.
There are about 5 threads ongoing with China sabre rattling. Would a free trader like yourself care to comment on just one of them?
“the cost and barriers to hire labor is actually very high.”
Indeed. Wages are just a part of the cost. All the other benefits including health insurance and taxes, volumes of regulations, and insurance against frivolous lawsuits are just a few barriers to hire labor here.