1. Still making it: An analysis of manufacturing labour costs in China
- Publication Date:
- 12-2014
- Content Type:
- Working Paper
- Institution:
- Economist Intelligence Unit
- Abstract:
- In the debate over global manufacturing competitiveness, the labour cost question looms largest. The rapid growth in Chinese wages is having an impact not only on firms currently manufacturing in China, but also on emerging economies seeking to grab a share of that manufacturing activity (like Vietnam and Bangladesh) and developed countries seeking to revive their own manufacturing sectors (like the US). Rising wages in China could threaten the country's status as a manufacturing powerhouse if they are not matched by comparable gains in productivity.
- Political Geography:
- Bangladesh, United States, China, and Vietnam