Is slowing wage growth making US more competitive?
As American wages decline, they are slowly rising in some of China’s major cities. Falling salaries and improvements in technology and transportation is making the US more competititve, says Conference Board economist Bart van Ark.
Furthermore, wages rise in major cities in China, the lower-paid jobs are moved further inside the country, where infrastructure lags, in order to get the same benefits. Read more on CNBC.