SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : China Warehouse- More Than Crockery
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RealMuLan who wrote (1771)12/7/2003 2:34:02 PM
From: RealMuLan  Read Replies (1) of 6370
 
>>MR. ROACH China for all practical purposes has an infinite supply of labor: 400 million in its urban population and another 900 million in the rural area. The average wage of a Chinese worker is still 2.5 to 3 percent of the counterpart in the developed world. Those are disparities that will be around for a long time.<<

It seem have some problems with Mr. Roach comment. China now altogether has 1.3 Billion people. You cannot say every single of them are in the labor force.

As for "The average wage of a Chinese worker is still 2.5 to 3 percent of the counterpart in the developed world," this is true for the most part of China, but in big cities, especially coastal cities, the labor cost is rising quit rapidly. Most of my friends in Beijing now earn bet. 30-50% of what I earn in the US, but they all have a decent apartment of their own (no more rent or mortage), and their payroll tax is only bet. 10-12%.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News