Is Low-Wage China Disappearing?
Reports of labor shortages, wage disputes, and wage increases in China have abounded of late, naturally raising concerns that China’s labor-cost advantages may be disappearing. But, because China must still reallocate almost 200 million workers to non-farm jobs, China should remain cost competitive for the foreseeable future.
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BEIJING – Reports about labor shortages, wage disputes, and wage increases for migrant workers in China have abounded of late. They naturally raised concerns, or expectations, that China’s labor-cost advantages may be disappearing.