There also currently exists a massive standard of living gap between different regions of the world. Further development and economic growth will also create a

There also currently exists a massive standard of living gap between different regions of the world. Further development and economic growth will also create a leveling effect. The future standard of living and costs in China and India looks a lot like the present in the United States. As economies grow, and regulations increase (another way of saying externalities start getting priced in) the wage gap will diminish.