“New efficiency gains” suggests a before and after. We are talking about china becoming more efficient from a previous state where they were less efficient. As circumstances refer to different times there is no contradiction.
What is a cobbler going to do with a bunch of shoes that will cost him more to make than it would cost to buy. What good would it do him to be able to consume his own products - are we still talking about a cobbler or have you somehow mixed in the notion of a nation state? Are you suggesting the cobblers consumption needs are met by his own production? Is he to eat his shoes?
Even if he was, he would still be better off buying them than making them.
> What is a cobbler going to do with a bunch of shoes that will cost him more to make than it would cost to buy. What good would it do him to be able to consume his own products - are we still talking about a cobbler or have you somehow mixed in the notion of a nation state? Are you suggesting the cobblers consumption needs are met by his own production?
If the cobbler is the only person with this "problem", what are you worried about?
> Is he to eat his shoes?
> Even if he was, he would still be better off buying them than making them.
Please think about whether what you imagine is logically possible. What is this cobbler going to use to buy imported shoes?
In this hypothetical I am the cobbler, thus I'm the one with the problem. Even if I wasn't the cobbler, if the same circumstances are repeated across a large number of industries I have to be worried when a large number of people are made effectively unemployed and unemployable in a short period of time.
The cobbler has money left over from before the time China became more efficient. Remember how I mentioned there was a change from where China was less efficient to a time where China is more efficient.
Since you apparency have great difficulty with the concept that things can change with time I'm going to consider any further discussion on this pointless and will not respond to you any further.
> if the same circumstances are repeated across a large number of industries I have to be worried when a large number of people are made effectively unemployed and unemployable in a short period of time.
You were just complaining that you didn't want to think about what would happen if this "problem" occurred at a systemwide level. What would happen is not compatible with your worries.
If you're then going to insist that the cobbler's problem matters because it happens simultaneously to everyone else, you need to consider the systemic effects. At the system level, this problem cannot exist.
What is a cobbler going to do with a bunch of shoes that will cost him more to make than it would cost to buy. What good would it do him to be able to consume his own products - are we still talking about a cobbler or have you somehow mixed in the notion of a nation state? Are you suggesting the cobblers consumption needs are met by his own production? Is he to eat his shoes?
Even if he was, he would still be better off buying them than making them.