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| China-Japan-Koreas |
| China Export Centers Suffer Worker 'Shortages' |
| 2010-11-29 |
| From the "If You Pay Peanuts, All You Can Hire are Monkeys" department: BEIJING -- Two of China's main export manufacturing areas are suffering from an acute shortage of migrant workers, giving laborers more leverage over wages and curtailing the expansion plans of some companies. The article cited experts saying that rising living costs along the coast coupled with low wages had led to an increasing number of workers deciding to stay in the interior of China, where living costs are much lower. And from the Thesaurus of Economic Excuses The labor shortage in the Pearl River Delta is coming during the busiest time of the year for factories there, when Western companies order more goods for their holiday season. Seems a bit late for holiday manufacturing to gear up. |
| Posted by:Anguper Hupomosing9418 |
| #5 Now if 'made in China' is possible because the cost of shipping from the east coast of China to the left coast of the US is within profitable parameters, why wouldn't building and assembly in China's interior also not be within parameters, unless the infrastructure to support such transportation doesn't viably exist. Which implies something in economist estimates is not being factored in projecting near and mid future forecasts of China's overall economy. |
| Posted by: Procopius2k 2010-11-29 22:29 |
| #4 It's like there's some fangled economic equation linking prices to demand over supply... |
| Posted by: Bright Pebbles 2010-11-29 19:02 |
| #3 ??? "Oh dear, we're having trouble finding workers, we better not pay them more money?" |
| Posted by: Thing From Snowy Mountain 2010-11-29 18:53 |
| #2 But China can point to the labor shortage in the export hubs as one reason not to let the renminbiÂ’s value rise, since companies are already grappling with the possibility that higher wages could make their goods less competitive. Seems a more likely reason. |
| Posted by: Pappy 2010-11-29 18:30 |
| #1 WHAT??? If your goods weren't on the water 30 days ago, there's no freaking way they'll be in stores before January. More uninformed bullshit from NYT. I also love that their source for the story is officially censored Chinese government news. |
| Posted by: gromky 2010-11-29 17:15 |