Recently China overtook Japan to become the second largest economy in the world today. There has been much worry in the U.S. labor market after this news about how this could affect income for the U.S. labor market. Labor has complained that politicians have not done enough to curb the rise of the Chinese economy. How could the U.S. compete better on the world stage for the potential trade with third world countries - or can the U.S. catch up with the Chinese for the potential third world market in trade?