It turns out that companies only enjoy the advantages of low-cost labor at best for a three- or four-year window. Consider that the cost of living in every city in the United States (outside of New York City) is now lower than in the former Communist capitals of Prague, Budapest, or Warsaw. Second, statistics on education don’t equate with skills. Precious few Chinese and Indian university graduates can play ball on the multinational playing field. Those that do, can write their own (expensive) ticket.

The Global Guru on rising labor demands.

Apparently 40% of companies globally are having problems finding staff!