offshoring and automation are two distinct problems. automation is just capital deepening, it raises workers' productivity and wages. offshoring effectively expands the labor supply, it lowers US workers' wages
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that’s not even true tho. it raises the marginal productivity of workers collectively and thus changes the demand schedule for wage labor (ie increases workers’ bargaining power)
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It does both; even in cases where marginal productivity doesn't go up, purchasing power goes up. Cellists in string quartets have had zero increase in marginal productivity in live gigs yet still can afford much more stuff.
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