Tuesday, June 1, 2010

China´s Economy Showing Unrest

Even with industrial wages increasing, China´s labor force is showing signs of unrest. Most of this unrest comes from the overworked youth, whose wages (when compared to their older colleagues) have declined. Many are on strike.

The effects of wage increases in China´s competitiveness is not known because of the incompleteness of the national data of average wages and productivity. Surprisingly, many who are involved in the strikes are laborers whose wages have doubled.

One strike has forced Honda to suspend production at its four assembly plants. Chinese authorities seem willing to tolerate stoppages in the workforce only temporarily. So far the Honda transmission factory strike has reached its ninth day.

http://www.shortnews.com/start.cfm?id=84275

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