What happens when global factor prices actually converge? Specifically in the global labor market? What happens when it is no longer possible for a company to move to another country to get cheap labor? Could this occur due to shipping costs increasing from the price of fuels increasing such that it no longer becomes profitable to sell goods made in one country all the way around the world?
I really don't know and the problem is eating at me.
I wish I knew some smart economists who could help me unpack these questions and find good answers for them.
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