I believe the answer is yes. We are now competing head on with Chinese and Indian employees who knock down $1/day. Some would point out that a similar phenomenon occurred with Japan and Korea and Taiwan. The problem with that analysis is that there are probably 100 Chinese and Indian worker for every J/K/T worker. ....perhaps I should say that "we were competing head on..................." The newest Indian car costs $2500 for example. Before someone attacks me, I would like to point out that my cars and tools are largely American. I own three Dodges. Their collective worth is probably less than $12,000 however.