首页
财务会计
医药卫生
金融经济
考公考编
外语考试
学历提升
职称考试
建筑工程
IT考试
其他
登录
金融经济
Rising wages -- together with currency fluctuations and high fuel costs -- ar...
Rising wages -- together with currency fluctuations and high fuel costs -- ar...
admin
2020-12-24
27
问题
Rising wages -- together with currency fluctuations and high fuel costs -- are eating away the once-formidable"China price" advantage, prompting thousands of factory owners to flee the Pearl River Delta. Much has been written about the more than doubling of wages at the Shenzhen factory of Foxconn, the world's largest electronics contract manufacturer, which produces Apple iPhones and iPads and employs 920,000 people in China alone."One can talk about a world pre- and post- Foxconn," says Victor Fung, chairman of Li & Fung, the world's biggest sourcing company and a supplier of Wal-Mart. "Foxconn is as important as that."
Foxconn's wage increases are only the most dramatic. Our analysis suggests that, since February, minimum wages have climbed more than 20 percent in 20 Chinese regions and up to 30 percent in some, including Sichuan. At a Guangdong Province factory supplying Honda, wages have risen an astonishing 47 percent. All this is bad news for companies operating in the world's manufacturing hub, and chief executives should assume that double-digit annual rises -- if not on the scale witnessed this year -- are here to stay.
Looked at another way, however, wage inflation provides companies with a once-in-a-generation opportunity to rethink radically the way they approach global production -- and they should do so sooner rather than later.
Why the urgency? After all, wage hikes in China are nothing new. Since 1990, they have risen by an average of 13 percent a year in U.S. dollar terms and 19 percent annually in the past five years.
There are two big reasons the situation is different now. The first has to do with productivity.
Over the past 20 years, productivity increases have broadly matched wage increase, negating their impact. The pay rises came from a very low base, so while average wages grew 19 percent a year from 2005 to 2010, this amounted to only ¥260 a month per employee, a sum that could be offset by more efficient production or switching to cheaper sources of parts and materials.
If labor costs continue, however, to increase at 19 percent a year for another five years,monthly wages would grew ¥623 per month, according to BCG estimates. Such an increase would ripple through the economy in the form of higher prices for components, business services, cargo-handling and office staff.
The second reason relates to societal change. Until now, if has been easy to lure a seemingly unlimited number of young, low-wage workers to the richer coastal regions and house them cheaply in dormitories until they saved enough to return home to their families in the interior provinces. In the future, though, young workers will be harder to recruit. This is partly because there will be fewer of them: Largely because of the country's one-child policy, the number of Chinese aged 15 to 29 will start declining in 2011. Moreover, with living standards rising across China, fewer of today's rural youth will want to go to coastal regions to toil for 60 hours a week on an assembly line and live in a cramped dormitory.
So what can CEOs do in this fast-changing environment? An instinctive reaction is to search for cheaper labor elsewhere. But this is short-sighted and would provide -- at best -- a short-term fix. Another option is to stay in China and try to squeeze out greater productivity gains.
According to paragraph 1 and 2, we can summarize that ( ).
选项
A.China will always boast a very impressive price advantage around the globe
B.Foxconn's rising wage is just a one-sided case
C.Souring wages has improved a widespread impact on foreign companies
D.Foxconn is a manufacturer of great significance to China
答案
B
解析
此题根据前两段的解读,可以得知答案。
转载请注明原文地址:https://ti.zuoweng.com/ti/CbR8KKKQ
相关试题推荐
Surprisingly,thenation'shighrateOfunemploymenthasonlyaffected_____...
Batsaresurprisinglylong-Jivedcreatures,some__________alifespanofarou...
Whichofthefollowingwouldbethebesttitlefortext?( )A.RisingCost,APa
Risingwages--togetherwithcurrencyfluctuationsandhighfuelcosts--ar...
Risingwages--togetherwithcurrencyfluctuationsandhighfuelcosts--ar...
Risingwages--togetherwithcurrencyfluctuationsandhighfuelcosts--ar...
Risingwages--togetherwithcurrencyfluctuationsandhighfuelcosts--ar...
Theyhavebeenworkingtogetherforthreemonthsandhavecometoknoweacho...
Youandyourteamcandiscovertheanswerstoproblemstogether.
Youandyourteamcandiscovertheanswerstoproblemstogether.
随机试题
适合扑救脂类、石油产品等B类火灾以及木材等A类物质的初起火灾,但不能扑救B类水溶
根据《建设工程工程量清单计价规范》GB50500—2013,分部分项工程量清单中
酸性电位水氧化还原电位为 A.100~115mV B.200~215mV
脊柱前凸多发生于 A、颈段 B、胸段 C、颈胸段 D、腰段 E
公文拟制的一般步骤是()。 A.起草B.审核 C.签发D.登记
按建设工程特点分类,可将定额分为()。 A.概算定额 B.安装工程定额
下列符合桂龙咳喘宁胶囊的功能的是()。A.宣肺化痰,止咳平喘B.解表散寒,宣肺止嗽C.清肺润燥,止咳化痰D.降气平喘,止咳化痰E.滋阴清肺,止咳平喘
在进行建设工程项目总进度目标控制前,首先应()。A.制定项目进度控制的措施B.对项目实施进行总体部署C.分析和论证进度目标实现的可能性D.编制施
孙某是当地的混混,看上了单身女孩小雨,他以小雨家人的性命相要挟,强迫小雨嫁给他,如果小雨嫁给了孙某,则他们的婚姻属于( )。A.有效婚姻B.无效婚姻C.可
根据增值税的有关规定,下列说法正确的是( )。A.非企业性单位应税服务年销售额超过规定标准的,一律按照一般纳税人纳税B.不经常提供应税服务的非企业性单位可选