It's already happening, but slowly and not the way you think.
As more workers in those countries get jobs and raise themselves out of near bare subsistence the demand for goods and services will go up. That builds price and wage inflation into their economy that will eventually pull them up a bit. It'll be a long time before their cost of labor is anything close to that in the US; but they also need to worry about automation and even cheaper countries like Africa.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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