I have a cynical view (sorry) that labor will always be cheap somewhere. It's part of the globalization machine, there will always be a decline somewhere, and if there isn't, one will be created.
The party has been making deep investments into the regions and is developing significant political and social capital at the same time that the West is retreating from them, cutting foreign aid, etc.
I think it’s more “want” than “see.” They might see Vietnam as next in line but outsourcing to ME and Africa suit their interests better.
AI = control of how to wield the Capital and defend against intentional damage
What are the obvious limits?
400 years ago? Hardly.