Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (62448)	4/22/2005 9:43:00 AM
From: RealMuLan	Read Replies (1) of 74559

>>"The $1.50-to-$1.95-per-hour labor cost in the Chinese auto industry is not arrived at by any 'natural' operations of a free market,"<< I don't know where that guy got his info. I had an online friend working in Shanghai VW factory with about 10 years of experience, and scanned his monthly pay check just to show me. It was >10,000 Yuan after all the tax and housing fund (about 20%). He is not a manager, just a senior worker. Although not all the auto factories in China paid as high as VW plant in Shanghai, still there are many workers paid pretty high, much highter than $2/hour.

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