Shenzhen wage hike causes supply chain jitters

In the UK £48 a day or £1300 a month minimum with no benefits, the NHS and before tax. So definately catching up. Sarcasm?

But the jobs won't be moving any day soon.

Citation...

I am very dubious of the cousin in this article that salaries and benefits are largely clawed back by employers. I suppose it does happen in some cases. However, the Shenzhen job market is very much a buyers market. Any perceived trickery like that results in workers abandoning your plant for one down the road with better net salaries.

The' slave labour' meme makes for good stories, but it's dreadful journalism.

A more accurate story would conclude that factory workers in Shenzhen do pretty well, given the cost of living, though are starting to be squeezed a bit by inflation.

However, that story would hko against the

Cost of Living.

"The irony, of course, is that despite these wage hikes, workers in plants such as Foxconn still barely have enough to live on once accommodation and living expenses are deducted"

Just like many in the UK & US then?

Umm

Not entirely sure why a 14% pay rise should worry anyone. Especially a nominal, pre-inflation, one.

Real wages, that is post-inflation, for Chinese manufacturing workers have been rising at 14% a year for more than a decade now. That's why they're four times higher now than they were in 2000.

ODM?