Otherwise, countries without it, like China, can more easily keep their labor wages from rising, which in turn puts even more downward pressure on high-wage countries.
That's the big picture for labor in high-wage countries.
However, it is unreasonable to assume that productivity would be the same in a low-wage developing country as in a high-wage developed country.
We're going to have a smart-work, high-wage country, not a hard-work, low-wage country.
"Germany is a high-wage country, no question about it," he said, adding quickly, however, that the cost of living was high, too.
It is the goal to ensure the production in high-wage countries during the changing conditions of the globalization.
It has to be the concern of high-wage countries to evaluate and define the conditions under which domestic businesses can successfully develop and produce corresponding products.
That is, we couldn't keep spending so much more than all of our competitors in these high-wage countries on defense without paying an economic price for it.
There are also, at any given time, some jobs in some high-wage countries for which there is a shortage of appropriately skilled or qualified citizens.
"Rather than compete with high-wage countries in a big way, we're going to take on China and Mexico."