QUOTE(steevan1000 @ May 13 2025, 09:49 AM)
are those official statistics & data from the ccp government?
if yes, then the more it's not trustworthy. ccp is well known of data & info manipulations.
many survey were done in a way that will give false "good" results when in reality is like shithole.
they only do surveys in their most advance & huge cities like shanghai & beijing while omitting data from other under-developed states/cities.
isnt not good to announce that your labor cost is higher than malaysia, thailand, vietnam?
it brings more benefits that you announce you have low labour cost in china, so factory investment will come.
the truth is that china does have higher wages for factory workers.
you can see this in 2 phenomenon, a lot of low cost chinese owned factory are moving out to countries like vietnam, indonesia. It is in droves.
if you check vietnam FDI, the highest fdi comes from singapore,s korea, china and hong kong. and hong kong is a part of china.
if you check indonesia fdi, the highest fdi comes from singapore, hong kong and china.
no2 phenomenon , is a amount of china automation. On cost wise, low cost labor is still cheaper than industrial robots. but looking at china, china is moving aggressively into industrial robots automation, due to high labor cost. China has been installing more than 50 % of all industrial robots of the world in china every year.
these 2 are facts which supports the statistic shown.
the main reason even if some of the countries like vietnam has low labor cost, but the whole manufacturing cost per item for some items may still be cheaper in china. This is mainly due to their supply chain advantages and infrastructure.
and one of the main reason that malaysia factory worker salary is due to foreign labor. basically, malaysian pay foreign factory worker lower compare to local workers. and a lot of them are under agents which helps to suppress their wages, and agents and malaysia employer, mostly held the foreign factory worker passport, so they can not move and work for another company. Therefore limits their negotiation for higher salary.
if we only employ local workers, definitely our factory worker salary will go up in a way. and quite possible higher than china worker salary.