On the issue of manufacturing, there's actually alot of evidence about Chinese wages rising in skilled labor, converging with U.S. wages. The U.S. doesn't manufacture textiles or similar goods like China does, but even those jobs are moving to poorer countries than China.
This article [1] provides a succinct explanation:
"With Chinese wages rising at about 17 percent per year and the value of the yuan continuing to increase, the gap between U.S. and Chinese wages is narrowing rapidly… Products that require less labor and are churned out in modest volumes, such as household appliances and construction equipment, are most likely to shift to U.S. production...Support from state and local governments can tip the balance.”
This article [1] provides a succinct explanation: "With Chinese wages rising at about 17 percent per year and the value of the yuan continuing to increase, the gap between U.S. and Chinese wages is narrowing rapidly… Products that require less labor and are churned out in modest volumes, such as household appliances and construction equipment, are most likely to shift to U.S. production...Support from state and local governments can tip the balance.”
[1]http://www.bcg.com/media/pressreleasedetails.aspx?id=tcm:12-...