RISING CHINA WAGES MAY END CHEAP LABOUR: EXPERTS
Allison Jackson
AFP, June 9, 2010
BEIJING — The days of endless cheap labour in the "workshop of the world" could be numbered as a shortage of workers and government fears of social unrest drive up wages in China, experts say.
A spate of suicides at Taiwanese high-tech firm Foxconn and an unprecedented strike at Honda's auto parts factory in southern China suggest that employers can no longer take their workforces for granted after decades of rapid growth.
Beijing has reacted to the labour unrest by launching a round of minimum wage hikes across the nation, reflecting concern among top leaders that frustrated workers could trigger wider social turmoil.
Under President Hu Jintao, "the direction of policy has been towards greater concern about income distribution, less emphasis on growth at all costs", Tsinghua University economist Patrick Chovanec said.
Allison Jackson
AFP, June 9, 2010
BEIJING — The days of endless cheap labour in the "workshop of the world" could be numbered as a shortage of workers and government fears of social unrest drive up wages in China, experts say.
A spate of suicides at Taiwanese high-tech firm Foxconn and an unprecedented strike at Honda's auto parts factory in southern China suggest that employers can no longer take their workforces for granted after decades of rapid growth.
Beijing has reacted to the labour unrest by launching a round of minimum wage hikes across the nation, reflecting concern among top leaders that frustrated workers could trigger wider social turmoil.
Under President Hu Jintao, "the direction of policy has been towards greater concern about income distribution, less emphasis on growth at all costs", Tsinghua University economist Patrick Chovanec said.
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