Economist Tyler Cowen on rising wages in China

 George Mason economist and blogger Tyler Cowen on whether unskilled Chinese labor costs are still "cheap":
"If you’re looking to buy a Mercedes-Benz, for instance, German labour is the cheapest in the world for that goal. …"[C]heap" is a misleading word. The more productive China becomes, the cheaper its labor will be, at least relative to what you get."