Several core problems of the middle-income trap: 1) The disappearance of cheap labor dividends and the increase in potential costs have led to the migration of the low-end industrial chain; 2) The low-end industrialization process is too fast but lacks the competitiveness of core technologies; 3) Unequal distribution accumulates social problems. The problem of uneven distribution when low-end manufacturing continues to expand the cake will be covered up. Once the industrial chain moves out, it will burst out instantly; 4) The middle-income trap relies heavily on international capital and prefers to put the middle and low-end Where is the industrial chain? Even so, many countries do not even have opportunities for middle-income development due to various reasons, such as social stability, education level of residents, and industrial foundation, and will not fall into the middle-income trap. The early stage of the middle-income trap is an opportunity for a backward country. This is also the reason why Southeast Asia is rushing to undertake the low-end industrial chain. However, the transformation of economic structure and the breakthrough of technical barriers are difficult for most economies to break through. This is also rare. Some developing countries have crossed the middle-income trap, which has become the reason for developed countries. In addition, the distribution problem is often unsolvable. Per capita income does not represent the income of the general public. Once the labor time is tapped and the low-end industry is combined, the pie cannot continue to be big. Ordinary people’s salary Can not keep up with prices, social conflicts intensify, along with the relocation of the low-end industrial chain, after which they will fall into the middle-income trap. This also gives us a warning. In the past, we undertook a large number of middle and low-end industrial chains for development opportunities, combined with compulsory education and national industrious characteristics, and provided the world’s largest and most cost-effective labor force. This is a golden mountain for any capital. . However, the low-end manufacturing and large assembly volume does not mean that the middle-income trap can be avoided. This is also the reason why the economic structure transformation and the breakthrough of technical barriers are imminent in recent years. It is difficult to tap labor time and weaken labor protection to reduce labor costs. If you continue to make the cake bigger, it is difficult to conceal the distribution problem. No matter how fast the house rises, it will not solve the problem. On the contrary, it will exacerbate the gap between the rich and the poor and the uneven distribution. In many media, it is a good thing to move out of the low-end industrial chain, but It should also be noted that the premise is that there is an alternative high-value-added industrial chain as the new economic growth support.