Tag: rising wages
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Higher costs forcing firms to relocate (from China)
China Daily: Higher costs forcing firms to relocate Jobs going to other countries in China's 'great industry transfer' Rising wages and shrinking export demand are forcing manufacturers to relocate to neighboring Southeast Asian nations and many that remain are seriously considering moving, a foreign trade official from the Ministry of Commerce said. The official, who…
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Three Cheers for the Cheapeners and Cost-Cutters
Wall Street Journal: Three Cheers for the Cheapeners and Cost-Cutters … A feature of innovation is that the greatest impact of a new idea comes not when the light bulb goes on over the geek's head, but when the resulting technology eventually becomes cheap enough for many people to use—perhaps decades later. The first plane…