Working Conditions

“Labor is too expensive, so jobs are moving overseas.” A phrase we’re used to hearing in America, where it has explained the flight for decades of American manufacturing jobs to Chinese factories overseas. These days, it’s being heard in China, too. The “Chinese miracle” - an economy that’s grown by at least 6 percent GDP every year since 1992 - has raised the country’s standard of living tremendously over that time. It’s also raised wages. Suddenly the Chinese aren’t the cheapest laborers on the market anymore, and factories are beginning to shut down as jobs relocate to places like Cambodia and Vietnam. But that doesn’t mean all of China’s factories are closed yet. Not by a long shot. On Wednesday, [...]