[blueunicorn6]

I don’t know. Those Chinese business owners who are moving their factories to Vietnam because they can pay Vietnamese workers $100 a month instead of that whopping $300 a month they pay Chinese workers, could probably open up some factories real quick in North Korea and pay $25 a month.

[wtc911]

Very perceptive....kudos.

[Graybeard58]

I don’t know. Those Chinese business owners who are moving their factories to Vietnam because they can pay Vietnamese workers $100 a month instead of that whopping $300 a month they pay Chinese workers

Companies are moving out of China for lower wage countries such as Viet Nam, Cambodia, Bangladesh and Indonesia. In Cambodia that means $76.00 per 60 hour week. Chinese workers get from $280.00 per week in Jiangxi province to $460.00 in Shenzhen, that's take home pay including over time.

Chinese factory wages have risen 20% annually over the past 3 years.

It seems that the Chinese are pricing themselves right out of the slave labor wage market.

Source - Bloomberg Business Week, print edition Jan.22,2012