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.
Read more Ecademy.com
Posted by Ann Andrews CSP, filed under Tool-box News and posted on 29/03/2011
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