Asked by Anonymous on July 12, 2012
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Why no labor rate data on China? See all Questions

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  1. Answer by Anonymous at 2:49 pm PST on August 2, 2012

    This answer: Report

    China is losing its labor cost advantage against oter emerging locations and it will continue to lose its edge even further if its currency is no longer pegged to te dollar

  2. Tom Terlizzi

    Answer by Tom Terlizzi at 6:43 am PST on July 24, 2012

    This answer: Report

    see this article
    Can the U.S. handle a manufacturing comeback?
    http://finance.yahoo.com/news/u-handle-manufacturing-comeback-091200900.html
    Which references a survey on labor rates

    “In 2000, the average worker was making 58 cents an hour in China. Today, it’s a little over $4,” said Mike Zinser, a partner at BCG who co-authored a survey that asked over 100 companies about overseas manufacturing. “If you continue to play that out, by 2015, it will be over $6 or $7. The economic advantage is shrinking.”

    The survey found that 70% of companies agreed that “sourcing in China is more costly than it looks on paper.” Zinser cites unforeseen headaches that come up with shipping, product quality and complicated supply chains.

  3. Answer by Anonymous at 7:51 am PST on July 20, 2012

    This answer: Report

    China’s labor force grew by 145 million from 1990 to 2008. The entire U.S. labor force today is 156 million.

    http://www.fool.com/investing/general/2012/07/17/100-mind-blowing-facts-about-the-economy-.aspx#.UAlx8Glks0w

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