The suffering Chinese workers deserve a pay rise
Hon Hai, which is plagued by a spate of suicides plans to raise wages by 20% to make workers who kill themselves over money think thrice.
Honda is facing a strike in its China’s factories and a pay rise may be needed too.
China’s long suffering workers deserve a pay rise, as their high productivity is well-known.
Inflation may rise, but as long as productivity keeps pace, increasing the share of workers in GDP is good for an unbalanced economy like China.
Americans may need to pay more to buy their cheap goods,but they should remember what Henry ford said when he raise wages.
Entry filed under: Investing.