robertr
5 years ago1,000+ Views
Increases in labor cost now exceed the rate of economic growth in China. It looks like that's a long term trend. As China becomes richer, its demand for goods will increase and wages will increase. Manufacturing now handled in China will shift to places like Bangladesh (which is now a textile economy), making Bangladesh richer in turn.
robertr
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wow, thanks for sharing! you should put up other cool articles when you come across them
I've been reading about this, it's an interesting phenomenon. Here's a pretty insightful article from The Atlantic to illustrate it: http://www.theatlantic.com/magazine/archive/2012/12/the-insourcing-boom/309166/
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