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We've seen the answer to that - it already happened in Japan.

The search for cheap labor moves on to another poor country, and the newly rich country is an economic benefit to all as a trading partner.

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And when we run out of poor countries? You could say that that can't happen because when the Chinas/Indias of the world get to our current standards we will be at a higher standard and they will still be poor relative to us, but this doesn't appear to be happening. The American middle class had a lot more money e.g. pre-Reagan than they do now.

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