Chart Of The Day

Via Yglesias. Ryan Avent rounds-up expert reactions to this trend. Here's Stephen Roach:

According to research published in the Monthly Labour Review of the USBureau of Labour Statistics in April 2009, compensation of Chinesemanufacturing workers was only $0.81 per hour in 2006—just 2.7% ofcomparable costs in the US, 3.4% of those in Japan, and 2.2% ofcompensation rates in Europe. While these figures are now out of dateby nearly four years, they underscore the magnitude of the gap...