Cheap qualified labor doing machining for example.

They def make less than in europe. You make very good money for working at Volkswagen on the line.

And China now also has software developers and even if they make the same amount, they are def also now a big player in the game and take parts of the cake.

What type of roles are you considering? Look into their manufacturing, for example. They make all kinds of heavy machineryat costs much lower than US prices, as far as I understand a big contributor is labor costs.

Its also worth noting that st southern and central European labor costs they would still have an advantage over the US.