Items tagged with industrialization
After several decades of exploiting cheap workers and low costs in China, a number of companies may have to move their facilities elsewhere. Chinese workers have begun demanding better compensation and safer working conditions (we saw how Foxconn dealt with the iPhone issues last month). Meanwhile, the yaun is finally appreciating after years of being deliberately undervalued. This puts further pressure on businesses already struggling with low profit margins. The chinese government has also entered the picture--it wants workers trained in high technology, not assembly lines or cardboard box production.... Read more...