Will these low cost labor markets evolve, though? Back in the day, Japan was the trademark of cheap. Now, working conditions are comparable or better than here. Will communism thwart what seems to always happen; i.e. living standards and wages improve over time. I think some manufacturers are already leaving China looking for the next stop in the cheap labor search. Eventually most of the world will probably come to parity.
Eventually most of the world will probably come to parity.
Yeah... we'll soon be down to $20 a day for labor here in the U.S. and they'll move up from $10 a day to $20 a day -- everyone's happy at that point in time ... LOL ...