[MRM]

US companies are now smart enough not to locate companies just to chase cheap labor. They've belatedly realized they need to invest in the locale and look for added value for the long term. That means access to raw materials, an educated work force, easy distribution of goods and a local market. The cheapest labor on the planet is in Haiti. No factories there to speak of. You know why? No source for raw materials and civil unrest completely cancels out the labor advantage. The labor pool is uneducated so there's no value added. Viet Nam, now there's a market waiting to be exploited. Fairly educated work force, decent exchange rate, lots of raw materials and easy distribution to all the markets that need what you have to sell. People who are afraid of China today just need to relax and wait a few years. It will take China a hundred years to get to where we were 20 years ago.