If the pattern keeps repeating, I speculate the end result is more consistent quality of living around the globe, labor costs would be a much less important dif

If the pattern keeps repeating, I speculate the end result is more consistent quality of living around the globe, labor costs would be a much less important differentiator. Country after country that used to be suitable for cheap manufacture has, as it grew & developed, become less suitable than some other country. In the end, quality of living will increase world-wide until the cost of manufacture is roughly equal in all locations. This is perturbed by a variety of costs that make it more expensive to pay an Elbonian worker $10/hr than an American worker $10/hr if the goods are to be sold in America- but it could close the gap dramatically.