[IKE]

I personally think this "problem" won't last much longer. There have been many countries that have been the "low cost labor" for industry throughout History. USA was one of those not too long ago when you look at time in terms of civilization.
Since the 1900s shipping has allowed for the "low cost labor" to be more global, but in general, the labor supports higher wages which increases cost of living which increase wages which increases prices which... until a new "low cost labor" source becomes advantageous.
China is just the current source, but there have been several others before it. The neat thing is we are quickly running out of potential "low cost" labor markets as countries keep developing.

I am very excited for the day when Africa really gets into the game. We are likely "10 years out"* on this.

*10 years out is the threshold for predictors to make predictions that could be 7-100 years out. If you predict 1-5 years out, someone will remember to kid you about it. 10 years, and you either look like a genious if you are right, or everyone forgets if you are wrong...