Wages are far from the only cost in manufacturing. Indeed, they are becoming less important as automation comes in more and more. Infrastructure, in particular

Wages are far from the only cost in manufacturing. Indeed, they are becoming less important as automation comes in more and more. Infrastructure, in particular energy and transport are critical, as is secure legal rights and access to markets. Also you need a population that has decent high school level education. There really isn't another China. Nothing of the size and with the infrastructure is around. Costs have reached a point where the US is competitive again for things that 15 years ago would have been made in China. Here are some articles discussing it: http://www.businessweek.com/articles/2014-04-25/china-vs-dot-the-u-dot-s-dot-its-just-as-cheap-to-make-goods-in-the-u-dot-s-dot-a http://www.businessweek.com/articles/2014-04-25/china-vs-dot... http://www.economist.com/node/21549956 http://www.economist.com/node/21549956 This is really a great thing for the world. Hundreds of millions of Chinese people are now much wealthier than they were 20 years ago.