More evidence for employment coming stateside

by Laura Ehrenberg-Chesler on January 12, 2012

in Employment,Geopolitical,inflation/deflation

On my way to work yesterday I heard a report on NPR discussing the minimum wage in China.  The reporter was saying that due to the rise in living expenses, Chinese workers were requiring, and in some cases demanding, higher wages.  Some were even threatening suicide to accomplish their goal of a higher minimum wage.

As living expenses rise around the developing world, workers will need higher pay to stay in the cities and urban areas where the manufacturing jobs reside.  They are also beginning to enjoy middle class benefits like modern apartments, appliances, and better food, all of which cost more money.

The higher cost of labor in developing countries, combined with the other risks of manufacturing overseas, and the fact that wage inflation in the U.S. has been subdued, continues to bode well for many of these manufacturing jobs coming back home.

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