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But if these issues can be surmounted, a better educated labor force could help China become an ever more formidable rival to the West.
And they have better educated labor forces than the U.S. What is important is the convergence to Western legal and business standards.
Programs that provide a decent social minimum, for example, may protect those who fund them from higher crime rates, or promote higher growth rates, a better educated labor force, and other social goods that benefit them in many ways (Murphy & Nagel 2003, Chapter 4).
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But it would be enormously beneficial for companies who are actually trying to do great things; it would obviously be better for the employees in question; and it would be vastly more politically palatable, which in turn would be better for the "freedom of motion of educated labor" long game.
Hence unskilled (resp., non-educated) labor becomes a worse substitute for skilled (resp., educated) labor as quality increases.
Business outsourcing absorbs some educated labor but does little for the unskilled.
The obvious candidate is China, with its vast, cheap and increasingly educated labor pool.
Low educated labor force migration Finland, other Nordic countries, Yugoslavia Refugee migration Czechoslovakia.
These metros are all home to top-ranked colleges that churn out a steady crop of highly educated labor.
Demand for educated labor in an industrializing economy caused a gradual widening of inequality over the 19th century.
Credit an educated labor supply and a migrating population that is attracted to its robust economy and outdoor recreational opportunities.
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