As I've written before, China's ability to be the assembly line to the world wasn't where its role in the global economy ended; it was where it began. An ability to make products cheaper than anywhere else gave way to an ability to make high end products more nimbly than anywhere else.

Like patents - which also seek to protect the little guy - unions were started for all the right reasons. But like patents, they can be twisted into something that hurts innovation, competition, and ultimately consumers and the country as a whole.

Benefitting from a job bubble is not only a first world problem, it's an upper-class-educated-lucky-to-be-in-the-right-industry-at-the-right-time kind of first world problem.

Sarah Lacy Quotes