Vance knocks globalization’s ‘cheap labor’ and lauds ‘America’s great industrial comeback’ at AI summit

Vice President JD Vance delivered a passionate speech in Washington, criticizing recent globalization efforts that have relied on “cheap labor as a crutch” while stifling innovation on a global scale. Speaking at the American Dynamism Summit, Vance highlighted the failures of the government over the past 40 years in addressing the two key conceits of globalization.

He argued that the assumption that poorer nations would handle the manufacturing of goods while wealthier nations focused on design has ultimately backfired. As other countries improved their capabilities across the value chain, Western economies found themselves squeezed from both ends. This addiction to cheap labor, whether through offshoring factories or importing labor, has hindered innovation and led to stagnating productivity in many countries.

Vance emphasized the importance of innovation in reclaiming America’s industrial heritage and competing in the global manufacturing landscape. He warned against the dangers of relying on cheap labor as a quick fix, urging companies to prioritize innovation over cost-cutting measures.

The Vice President also addressed concerns about AI regulation, dismissing fears that technology would replace jobs rather than augment them. Drawing parallels to the introduction of ATMs in the 1970s, Vance highlighted how automation can actually increase productivity and create new job opportunities in different sectors.

During a separate tech summit in Paris, Vance criticized Europe’s cautious approach to AI regulation, arguing that overregulation could stifle innovation and hinder job creation. He stressed the need for collaboration between government, businesses, and labor organizations to empower workers in the face of technological advancements.

Vance’s stance on AI aligns with President Trump’s vision of promoting American leadership in artificial intelligence. Trump’s executive orders aimed to remove barriers to AI development, ensuring that the United States remains at the forefront of technological innovation.

In conclusion, Vice President JD Vance’s remarks underscore the importance of striking a balance between embracing technological advancements and safeguarding workers’ interests. By prioritizing innovation and collaboration, the U.S. can secure its position as a global leader in AI and pave the way for a brighter future for all Americans.