US May Rival China in Job Competitiveness Soon: Analysts

[alp227]

Slowing wage growth in the United States, coupled with rising wages in China and other emerging markets, could soon make the U.S. more competitive.

While wage levels in China are still far below the average wage in the U.S,, better technology, transportation and services in the U.S. could help make the difference for companies, according to Bart van Ark, Chief Economist at The Conference Board.

"There are other factors at play here, from access to services, high technology and innovation, to transportation," he told CNBC Friday.

As wages increase in the major cities in China, companies are having to move lower-paid jobs further inside the country, where infrastructure has not yet caught up, to get the same benefits.

full: http://www.cnbc.com/id/45161903

[Vincardog]

1. I think this is more the result of falling US wages than raising Chinese wages. WTG NeoLiberals

[Crazy Dave]

2. Jobs that used to pay $15 an hour are now down to $8 with no benefits

So yeah...soon we'll be ready to compete with China and third-world nations as far as manufacturing labor costs go and also having an under-educated population.