|Now that Firms Around the Globe Look to China to Cure Their Production Cost Woes, Where Are the Workers?|
|Key Words||China, trade, labor, shortage, wages|
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Reference ID: A143988844
Ironically, China—until recently the leader in low-wage production—is experiencing labor market changes that could have significant effect on the global marketplace: It can’t find enough workers. In Guangdong Province, factories were short over a half million workers last year, and in Fujian Province, factories were short 300,000 workers. As a result, wages in Chinese factories are on the rise—an increase of almost 25% over the last three years. And many firms are improving labor conditions and work amenities so that they can retain the workers they have.
|Source||Barboza, David. “Labor Shortage in China May Lead to Trade Shift.” The New York Times. http://www.nytimes.com April 3, 2006.|
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