Quote: Cheap labor isn't a threat. No, it is "cheap labor" that is being threatened. Who needs it?! ANSWER: fewer and fewer business processes.
Then why are american companies jumping over each other to move their production lines to mexico and china?
First of all, China and Mexico have *lost* 22 million of their own manufacturing jobs over the past 5 years or so... China and Mexico Lost 22 Million Jobs
Second, U.S. businesses have a history of first outsourcing what they later automate away entirely.