>> That can’t continue as the rest of the world is catching up.

This has already been happening quietly in several industries.

I remember many years ago when I was working in a bike shop (early aughts) and the Specialized engineer was talking about how Taiwan used to be the brunt of the jokes in the bike world for decades. He went on a rather long rant about how over that same time, they had essentially dumped billions into becoming a technological behemoth when it came to bike manufacturing. Their factories were so far advanced, and their engineers were so highly qualified, that many bike companies (including Specialized) were moving their manufacturing back to states because it had become too expensive to continue using the Taiwan factories.