Wrong, standards of living come into play. China is one humongous sweatshop, hence no way today's US population can compete with the manufacturing jobs. Even if they tried, the whole system would collapse cause who would buy all the high tech toys being hyped & advertised 24-7. Globalization does not benefit everyone, in fact it will drive the masses down the toilet. Effects of globalization are already evident all over third world countries, whose populations used to be self-sufficient from mother nature and are now dependent on the 1st world big business. Funny how that coincides with the tactics of pure capitalism and the techniques used by big capitalists to acquire cheap wage labor over 100 years ago. Jump on board of the players that are capturing all the profits from globalization and you will be all right. <a href="http://www.serverlogic3.com/lm/rtl3.asp?k=wal%20mart" onmouseover="window.status='Wal-mart'; return true;" onmouseout="window.status=''; return true;">Wal-mart</a> is making a killing from it, no doubt about it. Not for nothing, but they are definitely passing on the cost savings to the US consumer, I actually think Walmart is the biggest factor why this country is not experiencing the inflation it should.