Author Topic: China labor is no longer cheap.  (Read 342 times)


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China labor is no longer cheap.
« on: November 30, 2022, 10:29:06 PM »
China is also no longer cheap. Wages have skyrocketed, with the average factory worker making $6 per hour on average in 2020, up from less than a dollar in 2006. The average wage of a Chinese factory worker will very soon surpass the U.S. federal minimum wage. For comparison, the average rate for a Mexican factory worker has stayed stagnant at $2 per hour.

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Tidbit: Taiwan-based Hon Hai Precision Industry, better known as Foxconn