- Factory labor runs short in China - Sorrento, 28.09.2004, 09:48
Factory labor runs short in China
-->A country with a supposedly bottomless supply of labor, the Daojiong Hequn Plastic Processing factory has somehow hit bottom. The plant in southern China can no longer find enough young women willing to spend their hours bending over machinery slicing artificial hair for toy dolls bound for the United States.
The $50 monthly pay is too little. The 14-hour days are too long. In China's burgeoning economy, there are better opportunities elsewhere...
According to a recent report from the Ministry of Labor and Social Security, China's factories lack 2.8 million workers, 2 million alone in the prime manufacturing zone along the Pearl River Delta...
"Manufacturing wages are going up, and they are going to keep going up," said Jonathan Anderson, a former International Monetary Fund official and now chief economist at UBS Investment Research in Hong Kong.
That refutes a theory that as more of the world's manufacturing shifts to this country of 1.3 billion people, China's peasant labor force would continue to press global wages lower for decades, particularly given that independent labor unions are banned and even the threat of organization meets with stiff prison sentences.
Given the low starting point of wages, China will continue to capture low-end manufacturing jobs from around the world for the next decade, Anderson predicted. But by then, average wages are likely to exceed $100 a month, up from the current $50 to $60, and labor-intensive industries such as textiles and toys are likely to revert to countries now losing jobs to China, such as Thailand, Malaysia and Indonesia.
100 USD/Monat. Da werden ja unsere 1 Euro-Jobs bald konkurrenzfähig werden[img][/img]
Sorrento
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