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We Warned About the First China Shock. The Next One Will Be Worse.
We Warned About the First China Shock. The Next One Will Be Worse.

New York Times

time14-07-2025

  • Business
  • New York Times

We Warned About the First China Shock. The Next One Will Be Worse.

The first time China upended the U.S. economy, between 1999 and 2007, it helped erase nearly a quarter of all U.S. manufacturing jobs. Known as the China Shock, it was driven by a singular process — China's late-1970s transition from Maoist central planning to a market economy, which rapidly moved the country's labor and capital from collective rural farms to capitalist urban factories. Waves of inexpensive goods from China imploded the economic foundations of places where manufacturing was the main game in town, such as Martinsville, Va., and High Point, N.C., formerly the self-titled sweatshirt and furniture capitals of the world. Twenty years later, those workers haven't recovered from those job losses. Although places like these are growing again, most job gains are in low-wage industries. A similar story played out in dozens of labor-intensive industries simultaneously: textiles, toys, sporting goods, electronics, plastics and auto parts. Yet once China's Mao-to-manufacturing transition was complete, sometime around 2015, the shock stopped building. Since then, U.S. manufacturing employment has rebounded, growing under President Barack Obama, the first Trump term and President Biden. So why, you might ask, are we still talking about the China Shock? We wish we weren't. We published the research in 2013, 2014 and 2016, along with our collaborator David Dorn of the University of Zurich, which detailed for the first time how Chinese import competition was devastating parts of America, through permanent declines in employment and earnings. We are here to argue now that policymakers are spending far too much time looking backward, fighting the last war. They should be spending much more time examining what's emerging as a new China Shock. Spoiler alert: This one could be far worse. China Shock 1.0 was a one-time event. In essence, China figured out how to do what it should have been doing decades earlier. In the United States, that led to unnecessarily painfully job losses. But America was never going to be selling tennis sneakers on Temu or assembling AirPods. China's manufacturing work force is thought to be well in excess of 100 million, compared with America's 13 million. It's bordering on delusional to think the United States can — or should even want to — simultaneously compete with China in semiconductors and tennis sneakers alike. China Shock 2.0, the one that's fast approaching, is where China goes from underdog to favorite. Today, it is aggressively contesting the innovative sectors where the United States has long been the unquestioned leader: aviation, A.I., telecommunications, microprocessors, robotics, nuclear and fusion power, quantum computing, biotech and pharma, solar, batteries. Owning these sectors yields dividends: economic spoils from high profits and high-wage jobs; geopolitical heft from shaping the technological frontier; and military prowess from controlling the battlefield. General Motors, Boeing and Intel are American national champions, but they've all seen better days and we're going to miss them if they're gone. China's technological vision is already reordering governments and markets in Africa, Latin America, Southeast Asia and increasingly Eastern Europe. Expect this influence to grow as the United States retreats into an isolationist MAGAsphere. Rank and share of the world's most cited research in each field, by country Source: Australian Strategic Policy Institute Want all of The Times? Subscribe.

Family of Capt. David Dorn hosts memorial
Family of Capt. David Dorn hosts memorial

Yahoo

time01-06-2025

  • General
  • Yahoo

Family of Capt. David Dorn hosts memorial

ST. LOUIS – A somber tribute to a man who once led the St. Louis Metropolitan Police Department is taking place on Sunday. The family of retired Captain David Dorn is holding a special memorial event to mark five years since his death. On the morning of June 2, 2020, the 77-year-old responded to reports of looting during riots following the death of George Floyd. He was shot and killed while trying to protect a friend's business. The shooter, Stephen Cannon, is now serving a life sentence without parole. Sunday's memorial will take place from noon to 2 p.m. at St. Louis Place Park on St. Louis Avenue. Two park benches will be dedicated to Dorn for his service. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

The Real Story of the ‘China Shock'
The Real Story of the ‘China Shock'

Wall Street Journal

time27-05-2025

  • Business
  • Wall Street Journal

The Real Story of the ‘China Shock'

Few academic papers have been as influential—or as misunderstood—as those by David Autor, David Dorn and Gordon Hanson. Politicians and pundits often use these authors' papers to claim that China's rise has cost the U.S. up to 2.4 million jobs due to surging Chinese imports between 1999 and 2011. But these studies focus narrowly on what happened to manufacturing employment in local labor markets, not the U.S. as a whole. It's true that communities exposed to heavy Chinese import competition saw steep drops in manufacturing jobs and a rise in local unemployment. Crucially, the displaced workers mostly stayed put rather than moved for new work. It's no wonder these academic papers resonated because they highlighted real pain in America's industrial heartland. But treating the China shock as a verdict on national employment is a mistake.

Apple Maps adds recommendations from experts like Michelin, Golf Digest and more
Apple Maps adds recommendations from experts like Michelin, Golf Digest and more

Phone Arena

time15-05-2025

  • Business
  • Phone Arena

Apple Maps adds recommendations from experts like Michelin, Golf Digest and more

Apple Maps and Google Maps are battling each other for leadership in the market for turn-by-turn navigation apps. Google Maps is considered the leader, but Apple is always looking for ways it can cut into that lead. Starting today Apple Maps users can look for top ranked eateries, hotels, and golf courses by using the rankings and opinions from experts such as MICHELIN (as in MICHELIN stars), Golf Digest, and The Infatuation. With the update, place cards for Apple Maps will now include "distinctions, descriptions, and images" from expert sources. With select hotels, Apple Maps users will now be able to book rooms directly from Apple Maps, make restaurant reservations through MICHELIN and even set tee times (not tea times) using Supreme Golf which is a feature coming soon to Apple Maps. -David Dorn, Apple's senior director of Internet Software and Services Product Apple says that "By bringing MICHELIN Guide's restaurant and hotel distinctions into the Apple Maps app, we are providing travelers and food enthusiasts with easy and convenient access to MICHELIN's curated recommendations and insights for their next memorable experience." Find restaurants with Michelin stars using Apple Maps. | Image credit-Apple Paul Needham, CEO of The Infatuation said, "Apple and The Infatuation share a commitment to high-quality content — and we are thrilled to soon bring our authentic, relatable, and curated restaurant recommendations to Apple Maps. It's important for us to meet users where they are, and we know Apple Maps is a key part of their daily lives, making this integration a natural fit." Lastly, "As the leading authority in golf course rankings and reviews, Golf Digest is proud to bring our trusted insights to Apple Maps," said Meredith Bausback, Golf Digest's vice president of Marketing & Audience Development. With Golf Digest's knowledge, golfers will be able to use Apple Maps to choose the courses they'd prefer to play on based on the ratings compiled by Golf Digest. Check out expert information about restaurants from the Michelin Guide and The Infatuation on Apple Maps. | Image credit-Apple To use this feature, and there is no reason why Apple Maps users shouldn't ask for advice from experts, open Apple Maps and in the Search Maps field, type in Michelin Guide to call up the guide in Apple Maps. You can also type in The Infatuation and Golf Digest to see highly rated restaurants and golf courses respectively. It's doubtful that a feature like this will get many Google Maps users to switch to Apple Maps but it could convince some to give Apple Maps a shot especially since golfers like to try out courses that they've never played before.

Apple's Find My has finally launched in South Korea
Apple's Find My has finally launched in South Korea

Yahoo

time10-04-2025

  • Yahoo

Apple's Find My has finally launched in South Korea

Engadget has been testing and reviewing consumer tech since 2004. Our stories may include affiliate links; if you buy something through a link, we may earn a commission. Read more about how we evaluate products. Apple's Find My feature has finally been enabled in South Korea, according to a company announcement translated by Apple Insider. This comes after years of public demand in which the finding network tool was absent from the country. The omission was especially odd when you consider that Apple sold AirTags throughout the region. Without Find My, they are basically just puck-shaped paperweights. The company never explicitly stated why it limited access to Find My in South Korea, but it appeared to be related to local laws that could have allowed the government access to the location data. The service first appeared during a beta test of iOS 18.4, but the official software update makes it available to everyone in the country. Find My has long been functional in South Korea's outlying territories like Baengnyeongdo and Ulleungdo. "Find My is an important tool that allows users to grasp the location of the most precious things to them, such as friends, family and personal items, and I am very happy to be able to introduce this function to Korea," said David Dorn, senior director of Apple's service products, in a statement on the company's local website. The modern iteration of Find My launched in the US in 2019 as part of iOS 13. However, the tool actually dates back to a service called Find My iPhone that started in 2010. Apple recently expanded functionality to let users share the location of a lost item with other people on the network. This is helpful when negotiating the return of a lost item with a stranger.

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