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|In Defense Of Wage And Environmental Parity Tariffs; entered at 2010-09-28 23:59:43
But net those out, a large gap remains due to the prevalence of welfare programs in the West (social security, paid vacations, medical insurance, etc). And that gap is growing. Among the reasons highly skilled westerners are having more trouble getting jobs in recent years is because the cost of employing them (beyond their cash salaries) keeps rising thanks to govt mandates and abuse. So the balance keeps shifting away from employing in the West.Bingo.
And the taxes; let's not forget those.