[icebraining]

Why? If hiring costs the same everywhere, companies would probably relocate back to the developed countries for other reasons (less shipping, better justice systems, etc), while the developing countries would face massive unemployment.

If anything, it'd make poor people much poorer and increase worldwide inequality.

Not to mention that such countries would have new "castes", between the relatively well paid employed and the majority of unemployed or black market workers, leading to more social instability.