The narrowing wage gap between the world’s economically mature markets and its emerging ones could wipe out the cost advantage of sending labor-intensive widebody heavy checks to regions such as Asia by the early 2020s, industry analysts contend. “If we look back even 10 years, the gap between developed and developing regions of the world created a very large arbitrage play for companies that could take airplanes into that lower-cost region,” says TeamSAI CEO Chris Doan. “We saw a lot of ...
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