Wage Growth in China? Or Just at Foxconn?

  • June 7, 2010
  • Scott
  • 1 Comments

Business Insider reports on wage increases at Foxconn:

WSJ reports that according to a company announcement, minimum wage workers may see a more than doubling of wages, while others will see at least a 30% hike — previously the company had indicated a 20% wage hike to deal with the problem, so this is already an expansion.

I’m curious if this is going to stick at Foxconn, and if it will affect wages in China generally.  If so, I think it is generally a good thing for China, for the potential growth of the middle class there, etc.  It may raise prices modestly here, but counter-balancing that it may also moderate downward wage pressures here as well.  Or, perhaps it will create pressure to put manufacturing in other locations around the world.  Time will tell.

Related Posts
  • August 9, 2017
  • Scott
  • 0 Comments

Next week we're hosting Driven 2017, our annual conference for customers and our own team to explore the lates...

  • August 9, 2017
  • Ariana
  • 1 Comments

First Steps with Blockchain from BP3 on Vimeo. Andrew Paier discusses blockchain in an enterprise setting. ...

  • August 2, 2017
  • Krista
  • 0 Comments

Data.World is a promising startup in Austin with the goal of building the most meaningful, collaborative, and ...