http://www.globalpost.com/dispatch/n...ring-guangdongBEIJING, China — Factories in China’s manufacturing heartland are feeling the squeeze again, with minimum wages in Guangdong province set to rise by as much as 20 percent on Jan. 1 for the second time in less than a year.
And while one Chinese province’s minimum wage might seem like a local issue, the salary question underlines a continuing momentum in China toward building higher-end business and better jobs.
In other words, the days of endless, cheap Chinese labor are limited. What that means for consumers in the United States and elsewhere is simple: Things are going to cost more, soon.
double inflation and costs of living increasing, hence on their ty salary they can not buy into the new china economy....sucks to be them, but that happens everywhere in 3rd world countries with cheap labour, where the proceeds of wealth trickling down to the people is a fraction what was total to be spread down while every corrupt official and his dog gets their cut first....
Hogwash. I live in SE Asia, which is in stiff compe ion with cheap Chinese labor. The salary ranges here are so dismal, I can't imagine what it's like in China. Chinese Labor is going to be undercutting the market for a long time to come.In other words, the days of endless, cheap Chinese labor are limited. What that means for consumers in the United States and elsewhere is simple: Things are going to cost more, soon.
Yeah, a 20% raise on a salary to begin with is still cheap.
Yeah, but at some point, I would think the transportation cost + the increased cost of labor might shift some of these jobs elsewhere. Ideally back to the U.S. Especially if natural gas prices stay low.
$10/day to $12/day. Almost up there with JunkFood's tomato pickers in FL.
That's hilarious, boutons.
Meh, there is always India, not to mention that forgotten continent just south of Europe.
India maybe, but there's just too much political instability in Africa for them to become a threat to Asian manufacturing any time in the forseeable future.
I thought that India overtook China as low cost manufacturing king sometime in the middle of last year.
Notice that US solar importers don't want the Feds going after the Chinese for dumping solar panels on US market and killing US mfrs/jobs.
As always, unregulated profit-chasing (globalism) is not patriotic, is completely sociopathic and destructive.
Not saying you're wrong, but that would be news to me. I hadn't heard that.
Wow, I can't believe I found the exact article that I read (and it was ~ 2.25 years ago), and I did it on my first search. LOL
Here ya go.
Interesting read. Thanks for the link.
No problem.Interesting read. Thanks for the link.
double their salaries and their wages are still low as compared to american workers of similar jobs
at least indians make softwares which are typical hi-tech products, but what products could the s make except toxic powdered milk?
What's gonna kill China is over-population and it's pollution/clean water problem....
ticking time bomb..
http://www.economist.com/blogs/freee...chinas_economy
On a somewhat related note:
China bubble thread
http://spurstalk.com/forums/showthread.php?t=182051
A LOT of people are betting on the Chinese economy to continue a breakneck expansion indefinitely. That is unsustainable for a lot of complex reasons.
Just as a lot of people bet that their homes/houses would always go UP in value and got caught in a nasty pinch when that assumption didn't pan out, so will the people who bet on an endless supply of Chinese labor.
You want China to succeed one day you will work for them.
pollution is a world issue imho. the growth rate of s population is actually lower than the world's average while the population of s immigrants is growing fast in the US therefore over-population will be a problem to both countries.
...
What to you call Latinos?
What do yo call blacks?
What do you call whites?
What race are you?
im fine with latinos & whites tbh
i call em blacks "n!ggas" as endearment appellations, n!ggas are friends to us.
however you can never make friends with s cos they all have evil spirits in their brains, they wish harm to all other people and they want us all to burn in . they're indeed killing our economy and stealing our technologies to better their own country off, you must be a re if you think otherwise
LOL...
What a basket case you are.
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