Tuesday, April 04, 2006

Wages Up, Workers Scarce in China

Fascinating. It had to happen I guess.

The shortage of workers is pushing up wages and swelling the ranks of the country's middle class, and it could make Chinese-made products less of a bargain worldwide.

They say lower down that the number of Chinese people enrolled in college has tripled since 1999, to 14 million (US has 15 million). And minimum wages are up 25% in three years in the big cities.

1 comment:

Mike Brewer said...

Keep your eye on India as they are fast becoming the low cost provider of labor.