Wednesday, June 9, 2010
Chinese Strikers Win Raises
China has long been known as the place for cheap labor. The Chinese government is trying to change that with passage of tough new labor laws, in an attempt to wean the economy off exports and create a consumer-driven domestic economy. Those efforts are paying off, as workers begin demanding wage increases all across the country. In some cases, the increases are dramatic -- double digit strong, and on top of increases within the last six months.
Chinese Strikers Win Raises - WSJ.com
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