Tuesday, May 01, 2007

NOW Are your Wages Set in Beijing?

If you felt okay about things after reading Freeman, note that it was written in 1995. Coincidentally, the same year during which Thomas Friedman (of The World is Flat fame) wrote that offshoring really began for white-collar jobs in the U.S.

For a more recent set of data relating to the issue of "factor price equalization" (which we'll define tomorrow), have a look at this article from 2006 in Fortune magazine.

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