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Brave-Ad6417 /r/fatFIRE
3 points
1970-01-19 17:58:02.13 +0000 UTC

Thank you! I still think that's the case about the USA, although you have to be a little smart about it.

Unsolicited plug but Good Economics for Hard Times by a couple of Nobel Prize winning economists (Esther Duflo and Abhijit Banerjee) captured the importance of the labor force being mobile and staying ahead of trends -- you need to sort of read the writing on the wall and position yourself against good tailwinds. The write-up on economic clusters is also interesting.

A dozen years ago, I made the call that my home country was going to get stuck in the middle-income trap and made certain calls on how I wanted to escape it.