I was kind of thinking that all potential effect from globalization was in place about 5 years ago, if not more. Since then, wages in outsourcing-related indust

I was kind of thinking that all potential effect from globalization was in place about 5 years ago, if not more. Since then, wages in outsourcing-related industries in destination countries like China have skyrocketed making outsourcing a lot less profitable and relieving pressure on the American jobs in same areas. Take software outsourcing: what was the going rate for an Ukrainian developer 10 years ago and what it is now? The is no longer much of an arbitrage, American developer can compete easily just because of better English and working in the same time zone. And that is NOT because Ukraine became richer. It didn't. Nominal current-dollar GDP growth since 2003 in USA and Ukraine was about the same (about 1.60x). But the developer salaries which were 5% of American in 2003, at best, are now at least 25%. Which leaves very little sense in outsourcing (and yes Ukrainian developers live the same if not better than American ones these days, at least in a purely material sense - of course crime, environment etc. are much worse there) I think same is the case with most outsourced industries, except for the few where outsourcing has been so complete in past years that the American skills in these areas are no longer available.