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Wage Hikes in China, Higher Tech Prices Here?


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#1 TheSentinel

TheSentinel

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Posted 26 February 2012 - 02:15 PM

QUOTE
Wage Hikes in China, Higher Tech Prices Here?

By Jeff Bertolucci, PCWorld Feb 25, 2012 11:45 AM

For multinational corporations, China's appeal as the world's factory floor is obvious: dirt-cheap labor. But for consumers in the U.S. and the rest of the developed world, the benefits of Chinese manufacturing aren't as clear-cut. The rise of China as an industrial powerhouse has translated into lower prices for consumer goods -- including laptops, phones, and tablets -- but it has also played a major role in the dramatic loss of manufacturing jobs here.

With labor costs in China on the rise, however, it's a good bet the prices we pay for tech gear will increase, too. Contract manufacturer Foxconn, which builds hardware for major tech companies such as Apple, Dell, Hewlett Packard, Lenovo, Sony, and Toshiba, said last week it has raised the pay of its assembly line workers by 16 to 25 percent.

Details about at: http://www.pcworld.c....html#tk.hp_new



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