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Saturday, October 16, 2010

 

China’s Labor Strikes & Business Models

I mentioned in class that I was not much of a China watcher. I just ran across a news article about China, and here is a little bit that would seem relevant to thinking about the logic and its implications in China:
"Manufacturing costs have risen rapidly here in response to nagging labor shortages and worker demands for higher wages to help offset soaring food and property prices.

Those pressures were evident a few months ago, when a series of big labor strikes in southern China disrupted several Japanese auto factories and resulted in hefty pay raises."
Does "labor strikes" mean there are unions?

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