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Tag Archives: China Labor
Why Is China Expensive?
Jan. 30 – A declining labor supply, rising wages and an appreciating currency are among the key reasons production costs are rising fast in China. Increasing land costs and the fact that SMEs find it difficult to obtain capital, are making the situation worse. This article, which is an excerpt from the report “The End of Made-in-China?” published by Silk Road Assoc., examines the top five factors that are pushing up China’s manufacturing costs.
Report: China and India in McKinsey Labor Report
By Joshua Gill Jul. 20 – A June 2012 report from the McKinsey Global Institute entitled “The World at Work: Jobs, Pay, and Skills for 3.5 Billion People” details the dramatic long-term shifts in the demographics and occupations of people in the world and forecasts trends set to take place over the next 20 years. For short-term predictions, it summarizes its findings in three points that it predicts will be present in 2020: A potential shortage of about 38 million to 40 million high-skill workers A potential surplus of 90 million to 95 million low-skill workers around the world A … Continue reading