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
25
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.
Among the likely candidates for the job.Mr.DiPaolo is the most_______.
选项
A.Secured
B.Requisite,
C.conditional
D.qualified
答案
D
解析
句意为“在这一职位的所有候选人中,“DiPaolo”先生是最能——人选”。A项意为“安全的”,B项意为“需要的,必要的”,C项意为“有条件的”,D项意为“有资格的,胜任的”。根据句意,故选D。
转载请注明原文地址:https://ti.zuoweng.com/ti/EbR8KKKQ
相关试题推荐
Surprisingly,thenation'shighrateOfunemploymenthasonlyaffected_____...
Batsaresurprisinglylong-Jivedcreatures,some__________alifespanofarou...
根据以下内容,回答212-216题。 Risingwages--togetherwithcurrencyfluctuationsandh...
Risingwages--togetherwithcurrencyfluctuationsandhighfuelcosts--ar...
Risingwages--togetherwithcurrencyfluctuationsandhighfuelcosts--ar...
Risingwages--togetherwithcurrencyfluctuationsandhighfuelcosts--ar...
Risingwages--togetherwithcurrencyfluctuationsandhighfuelcosts--ar...
Risingwages--togetherwithcurrencyfluctuationsandhighfuelcosts--ar...
[交际用语]Marry,weshouldgettogethersometime. _________AYes,whataboutnext
Youandyourteamcandiscovertheanswerstoproblemstogether.
随机试题
下列有关法人单位和产业活动单位之间关系的说法中正确的是( )。 A.法人
直肠癌患者的粪外观可见到 A白陶土便B柏油便C胨状便D脓血便
某柱下独立基础,基础埋深为d=1.5m,基础平面和各层土的压缩模量如图所示。设基
从事期货交易活动,应当遵循的原则有()。
培训评估的定性方法包括( )。
关于当事人订立合同的形式,说法错误的是()
寒山寺:夜半钟声到客船 A.中华门:巍蛾耸立B.植物园:百卉千葩 C.栖霞
在临床医学研究中,可以获得意外损伤赔偿的是A.死亡者家属有权获得赔偿B.死亡者家属是无权力要求获得赔偿的C.因参加试验而意外受损伤者有权力要求获得高额赔偿
病人颈前出现肿块,按之较硬或有结节,肿块经久未消,胸闷,纳差,苔薄白,脉弦,治宜选用A.柴枳半夏汤B.柴胡疏肝散C.逍遥散D.海藻玉壶汤
下列各项中属于动态投资而不属于静态投资的是()。A.涨价预备费B.因工程量变更所增加的工程造价C.基本预备费D.建设期贷款利息E.工程建设其他费