The first China shock hit the factory floor. The second one is hitting cubicles (and labs and executive suites).
In this episode of It Turns Out, we dive deep into "China Shock 2.0" with MIT Professor of Economics David Autor. While the U.S. has long assumed its lead in high-tech innovation was safe, China has moved from "tube socks and T-shirts" into aviation, AI, biotech, and electric vehicles.
He's the author of The Work of the Future from MIT Press:
https://mitpress.mit.edu/9780262547307/the-work-of-the-future/
In this video, we discuss:
The Xiaomi SU7 & the EV Threat: Why Ford CEO Jim Farley views Chinese EVs as an existential threat.
The "Apex Predators": How Chinese industrial policy produces world-class firms through economic Darwinism.
Localized Pain: Why the next economic "earthquake" could hit coastal tech hubs like Cambridge and Silicon Valley rather than the Rust Belt.
The Policy Failure: A critique of the U.S. political response - featuring the "attention span of a squirrel on cocaine."
The Myth of Re-Training: Why mid-career professionals struggle to transition when their industries shrivel.
Is the U.S. innovation engine enough to win this race, or have we already lost the lead in the sectors that matter most?
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