This article from Reuters shows a World Bank prediction that China will lose 80 million light manufacturing jobs in the next five years because of rising wages. Most of those jobs will end up in Africa.
So manufacturing businesses are going to leave China because of WAGES? I thought it was regulation, taxes and an overbearing government that drove jobs away? The conservatives have been telling the American people that if we just deregulate, lower taxes and get the government out of the way of the free market all the jobs would come back to the U.S.A.