I don't think it is a race to the bottom. China is doing that because they are still developing so it makes sense to push their currency down to boost manufacturing. But at some point Chinese workers will be able to demand similar wages and quality of life to western countries. This is when things will get interesting in my opinion.

Maybe at this point China will be the ones exporting manufacturing to poorer less industrialized countries.

No. Just look inside European Union, where the legislation is about the same and differences in wages are 5x. What can you blame here?

I don't think trade with advanced countries is the problem. You don't hear many people complain about trade with Canada or the UK because they have good environmental protection and labor laws. Globalization is a net positive for the poor there because it optimizes capital flows without deleveraging the worker too much.

The issue really is just with countries that don't provide a quality of life that the US offers, like Mexico.

Still jobs from France move to Bulgaria. In the light of the article, that is exactly the same problem.

You guys are the ones telling us it has to normalize, it's been quite some time now and there's still a massive gap, isn't this an impossible outcome?