14 lines
1.9 KiB
JSON
14 lines
1.9 KiB
JSON
{
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"HubID": "5082",
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"Date": "1/11/2025",
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"HubTags": [
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"External Platform Posts",
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"Future Map Forward Guidance"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "5082__Image_URL.jpg",
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"Summary": "<p>What happened in 2001? Answer: China entered the World Trade Organization, which accelerated the export of the U.S. manufacturing base overseas. This was a win-win for both China and the U.S. However, we are now beginning to see the consequences of these actions. But a fix is in motion. </p><p>As we shifted manufacturing overseas, this lowered consumer prices, giving us low inflation and an era I call \"get anything and everything, at anytime, from anywhere, at lowest costs.\" </p><p>While our manufacturing base went from 30% of work force employment in the 1970s to 8% today, we dramatically scaled our service and knowledge-based economy. Around 50% of the U.S. ,employed in knowledge-based, white collar, service work, got the American dream from this shift. The other half, in manufacturing and low-wage industries, did not. </p><p>So now we find ourselves in a (1) deeply polarized country because of these wealth disparities, (2) no growth engine left because we are saturated in product and services, (3) massive government debt and unfunded obligations with no way to pay off because we lack a growth engine, (4) resource constraints due to geopolitical conflicts and environmental problems, (5) and we are just starting to realize that AI will eliminate 25% of U.S. jobs by 2035, mostly in the knowledge-based economy. </p><p>Doom and gloom? No! </p><p>The U.S. has a tremendous opportunity to reindustrialize using AI, robotics and electrification, which gives us a new growth engine to solve our financial problems, create jobs, reduce wealth inequality and engineer sustainability into our future. But it will take all of us to do it. <span></span></p>",
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"Notes": ""
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} |