You need to refresh your data. The labor rate in China is $0.85 per hour and India is $1.25 per hour.
i once heard a nationally famous economist say that what many industry heads lack is a long term view of the economy...everything is always “here and now” because of their profit cycles....
just exactly how long do these rich corporate heads think americans can continue to buy their products if they don’t work? at some point we are going to reach critical mass.
I used a global average; the range (as you point out) is very wide.