Mitch: You nailed it especially in one area. I'm old enough to remember "cheap imports form Japan" - then they got more expensive to be replaced by "cheap imports from South Korea". The same thing happened and now it's "cheap imports from China". One difference is that China has FAR more people (in numbers) that have to be elevated from poverty before they run out of low-wage candidates. IMO, it'll just take longer for China to be replaced with the next developing nation.