Rising labor costs in China may lead to pricier electronics, manufacturing relocation
You might recall that Foxconn, faced with the searing spotlight of the world’s attention on its working conditions, recently announced not one but two wage increases for its employees, which is now looking like part of a larger trend in China toward higher pay. The city of Beijing has said it’ll be raising its minimum wage by 20 percent, to 960 Yuan ($140) a month, and is expected to be followed by others.
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Rising labor costs in China may lead to pricier electronics, manufacturing relocation
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