The AP reports on a growing trend of Chinese companies outsourcing jobs to the US, reversing our long-lived habit of outsourcing to China. Reminds me of similarly surprising news that net immigration between the US and Mexico hit zero a couple years ago.
Globalization doesn’t play favorites, no matter how hard activists protest. Living standards and cost of labor rise in other countries? The world adapts, expectations be damned.
Interesting. There’s also been a “reshoring” trend.