Right. And this unemployment will also cascade, because small businesses will go bankrupt after loosing their customers.
Right now, a hiccup in Chinese production of a certain IC may make buying toilet paper harder in Germany! It’s naive to think that such drastic changes (mass unemployment) will not be extremely turbulent (to put it mildly).
alt Hacker News
Right now, a hiccup in Chinese production of a certain IC may make buying toilet paper harder in Germany! It’s naive to think that such drastic changes (mass unemployment) will not be extremely turbulent (to put it mildly).