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gruffydd

Asian Wages & Wage Inflation

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http://news.bbc.co.uk/1/hi/business/4436692.stm

"Salaries rose by an average of 11.5% a year in India in the past five years compared to 7.5% in China."

By the way, is the wage inflation still rising and predicted to rise in China and India? Has anyone got the figures for 2005 and predicted figures for 2006.

Will these increases boost our level of inflation?

Edited by gruffydd

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The Chinese have been having a bit of trouble at' mill...

'China's export factories hit by labour troubles' [February 2006]:

http://www.thebusinessonline.co.uk/Stories...49-934084566AF2

Last year saw more than 1,000 strikes involving plants with more than a hundred workers each in the fastest-growing province of Guangdong alone. This comes on top of tens of thousands of other protests across the country which are presenting Beijing with an unprecedented set of challenges.

At one Japanese-owned factory in Shenzhen, across from Hong Kong, as many as 16,000 workers took part in a week-long protest in the summer, and, for the first time, laid out demands to form an independent trade union.

The strikes coincide with growing reports of labour shortages. Such reports caused surprise, suggesting that it was possible that China could one day soon run out of cheap labour and be forced to raise wages.

[...snip...]

Despite the labour shortages, factories in Guangdong have not been forced to raise their wages significantly. In real terms, wages have been falling over the past decade.

In Shenzhen, which offers the highest minimum wage, the rate is set at 690 yuan ($86) a month -- with overtime, most workers earn less than $850 a year. This is equal to average incomes from farming.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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