These are just some examples from a recent study by the Boston Consulting Group showing how increasing labor costs in China are narrowing the laborarbitrage that has existed for many years.
Yet the overall cost premium, based on the difference in absolute wages between the U.S. and China, is actually expanding, so laborarbitrage involving China and other low labor cost markets will likely persist.
The spread between the take-home pay of the buyout crowd and every other category in the business world has widened enormously, not to mention the guys in work boots threatened by globalism's irrepressible march to arbitragelabor to its lowest possible levels.