Thanks for the detailed analysis and, from my understanding of the situation, this is spot on.

China is advancing very quickly in terms of automation. It is the leading country in terms of robotic implementation and expected to continue to be leading that field. Japan is also doing it but, as you stated, that is out of necessity.

Americans talk about losing jobs to China;

This is an old narrative that Trump was able to tap into. That hasnt been true, on large scale, in 15 years. Most of the jobs in the US lost, over 80%, are due to technology.

Chinese are losing their jobs to machines.

This also doesnt bode well for the likes of Vietnam and Laos.

The one thing I would say that is omitted from your equation is that while robots can make up for the loss of workers due to aging populations, it cannot make up for the decrease in consumption. Robots do not buy stuff like humans do. That is where demographics really cause an issue.

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