A few years back, I read an article in a business magazine about a Chinese factory owner. His company made light fixtures. He was closing his factory in China and moving it to Vietnam. Why? Because he could pay his labor in Vietnam $100 a month.
If I recall correctly, the Vietnamese minimum wage back then was $50 a month, so they're not getting the dregs for $100 a month. That's the beauty of operating in cheap labor countries - you can get several college grads for price of 1 stateside high school dropout. The problem is that those foreign college grads tend to go into business for themselves, whereas the high school dropout will probably never compete with you.