“On our current trajectory, we might just get those jobs making tennis sneakers.”

// an excellent piece on China, encouraging sane industrial policy in the US, by #DavidAutor and #GordonHanson

// (good luck with that under the current administration)

https://www.nytimes.com/2025/07/14/opinion/china-shock-economy-manufacturing.html

ht #BradSetser, #GregIp

Opinion | We Warned About the First China Shock. The Next One Will Be Worse.

The Trump administration is fighting the last war while China marches toward dominating the industries of the future.

The New York Times