The East-West Wage Gap Is Closing

The East-West Wage Gap Is Closing
A Chinese worker fixes compressors along an air conditioners production line at the Japanese Hitachi Household Electrical Appliances Company in Shanghai, in March 2003. Liu Jin/AFP via Getty Images
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Commentary

One of China’s great economic advantages is going away. Relatively low-cost, reliable labor has been a mainstay of China’s economic engine for decades.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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