[rocqua]

Sure, Chinese wages grow a lot faster than Western ones. At the same time, Western wages remain quite a bit higher than Chinese ones.

Dropping wages in the West would bring a lot of extra work, at the same time, that work would be paying less. The core thing here is that cost of living, and hence a living wage in the West is higher than in e.g. China. Due to globalization, companies can now arbitrage that difference.