[ewhanley]

If this was such an easy proposition and there was actually arbitrage available, why haven't they already done it. If the market is to be believed, this would only be a temporary boost if it were even achievable. Demand goes up for offshore workers, their prices start to rise, and the delta closes.

[FredPret]

This has happened with several offshore manufacturing destinations already.

These formerly poor countries become middle class and then manufacturing has to shift to one of remaining poor countries.