Chinese Labour is Getting more Expensive
Posted on July 31, 2010, viewed times and has 0 comments
China's economic success has been built on cheap labour. The country’s migrant workforce is the world’s largest. At $0.81 an hour, the cost of Chinese workers is just 2.7% that of their American counterparts. But a spate of strikes has hit the country’s factories, and Chinese labour is getting dearer. Unit labour costs have risen more often than not in the past five years.
via www.economist.com
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