Chinese Labor Becoming More Expensive

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Chinese Labor Becoming More Expensive

Thursday, April 20th, 2006 | Economics, Population |

From the NY Times via New Editor:

Experts say the shortages are arising primarily because China’s economy is sizzling hot, tax cuts have helped keep people working on farms, and factories are continuing to expand even as the number of young Chinese starts to level off.

Prosperity is also moving inland, and workers who might earlier have migrated elsewhere are staying closer to home.

As the New Editor points out, the Times seems blasé that tax decreases can stimulate other country’s economies.

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