The Eclectic Econoclast notes that there is an apparent labor shortage in China, and that the manufacturing wage rates -- both freely set and regulated -- are rising in China to attract workers. According to the NYTimes:
And if wages keep rising... some companies could face a fate familiar to many manufacturers in the United States - they would have to move to a country with cheaper workers.I blame Wal-Mart!
Posted by Kevin on April, 4 2005 at 10:36 AM
