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What you're saying is that the workers in other countries demand lower wages for a given amount of work. >When standard of living starts to rise in one country
by Prrometheus 19y ago
What you're saying is that the workers in other countries demand lower wages for a given amount of work.
>When standard of living starts to rise in one country (or in the relevant segment of it), it risks losing those same jobs to offshoring itself. E.g. India -> Vietnam.
But the original country (e.g. India) tends to maintain a permanently higher standard of living than when things started.
- seasick 19y ago> tends to maintain a permanently higher standard of living than when things started. I am sure you have insufficient data to establish anything approaching "permanent".