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From the analysts I've been listening to from the clothing retail industry in Europe, it seems like China still have plenty of room for cheap labour just furthe
by kokey 15y ago
From the analysts I've been listening to from the clothing retail industry in Europe, it seems like China still have plenty of room for cheap labour just further inland and along the coast. Minimum wage laws will improve productivity in the more developed areas, even though it could be painful for them to adopt and innovate but it seems to not have been a disaster in the West. That said, this is also giving opportunities to India and Vietnam.