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Friday, July 23, 2010

Era of Cheap Chinese Labor Ending?

Good discussion at the Economist about Is the era of cheap Chinese labour over?

My opinion is yes and no :-)

Or it depends on which products.

Or on the definition of cheap. For those areas where productivity can make a difference, the total labor cost in China is probably staying the same. For those areas where there is little room for increased productivity , yes, the labor cost per unit produced will increase. The result will be some products will move to other countries that have lower hourly wages to China.

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