I agree with that. Wage rates will have to come into equilibrium globally over time (reversion to the mean)...the U.S. rate down and the developing world up. Of course if China gets medievil on our ass in the meantime we may all have a problem pronouncing our "L"s.

This line of tought also helps explain Bush's insistance on allowing illegals to come and go at will across our border while little old ladies submit (though probably not always unwillingly) to body cavity searches before boarding domestic plane flights. We need the cheap labor to compete mayne