China is finally running out of cheap labour

The one child policy is finally affecting Chinese productivity.

'Each year the number of new workers joining factories is smaller than the number of older workers retiring" According to an article in the Telegraph Group Ltd

As a result wage demands are increasing; wages have risen anything from 15% tol 40% making China an expensive place to have goods manufactured.

So everyone will be rushing to find more cheap labour somewhere else - but sooner or later we have to reach saturation point surely?

My bigger question is why don't companies deciude to manufacture LESS and pay a decent wage - after all there are so many cheap shops now selling the same cheap stuff - can we get back to a bit of quality?

I know - everyone wants cheap stuff until the cheap stuff konks out after 12 months filling landfill with toasters and kettles and irons.....la chance to rethink perhaps? Its ok I won't hold my breath.

Ann

Read more Ecademy.com

Posted by Ann Andrews CSP, filed under Tool-box News and posted on 29/03/2011

Rss Subscribe to the Tool-box blog

Twitter Follow @corporatetools on Twitter

 

Free Business Tools Throughout 2013

Business_survival_book

Subscribe to our 'Powertools' newsletter & receive fabulous free business tools every month 'til December 2013.

I'm interested in solutions for:


 
 
Refresh
Dr. Jim Bradley

Spotlight

Dr Jim Bradley is an NLP practitioner and has professional membership status within the Life and Business Coach Association of Ireland (LBCAI)

Find_out_more

 
 
 

Red Hot Deal!

Andy Lopata

And Death Came Third $22.50
take 50% off
NOW ONLY
$11.25
Find_out_more