5 Economic Cyborgs

Spatial Disorientation, Golden Parachutes and Economic Cyborgs

KK: Okay, lay out the China Shock case as our base layer. Instead of just laying everyone off, could we have retained them at 75% of their final salary until retirement and had things turn out BETTER for all?

Claude: The China Shock displaced roughly 2 to 2.4 million manufacturing workers between 2000 and 2011, and the annual gains from trade — the surpl…