Comment Re:The Real question then is... (Score 3, Insightful) 233
IMHO, it's both.
Yep. And, frankly, it was and is obvious that it would be. I've been saying for years that globalism was ultimately a good thing, though in the short term it was going to be painful for the wealthy countries, as standards of living equalize. If this article is correct, the pain may be much less, and much shorter, than I'd expected. Not that there isn't still pain ahead, but if we're already getting to the point where overseas labor costs have risen enough to be offset by domestic education and infrastructure, then the future looks pretty good.
At the end of the day, though, I'm no more entitled to my job than some programmer in China. If he can do the job as well and will do it for less money, then he should have it. Cost of living differences make this painful in the short term, but if we just keep competition open, the field will level -- some of that leveling may come from decreases in my standard of living but most of it will come from increases in his. That's too bad for me, but great for him, and it's fair because he's no less a human being than I am.