The global economy is changing the rules in the game of business. For the last 200 years or so the most important consideration was efficiency; producing products for the lowest cost. But now we are all part of a global labor force and there are countries in Europe and North America that can no longer compete on efficiency alone because their labor costs (also known as our salaries) are so high compared to labor costs in countries like China, India, Russia, Poland, the Philippines, etc.
What is to be done? Will the economic boom for some countries be economic doom for others?