If you build your business on lower wages to achieve higher margins, you are in trouble anyway.
Business Insider :: Shares of Chinese electronics manufacturing giant Foxconn plunged 16% on Friday after the company's parent Hon Hai Precision Industry reported lower profits thanks to higher labor costs. This is not surprising: As Nomura recently pointed out, despite the slowdown in the Chinese economy, the shortage of labor (and therefore wage inflation) is a problem that's actually worsening.
Inclusive Bloomberg charts - Continue to read Joe Weisenthal, www.businessinsider.com
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