"Global companies already have been facing higher labor prices in China over the past year, despite a weak global economy, as workers demand a greater share of the country's economic boom. In recent months, the pressure also has intensified in countries across Southeast Asia that have marketed themselves as alternatives for companies seeking to escape China's rising costs, leaving those companies now with fewer places to move."
Read more at the Wall Street Journal:
Wage Hikes Ripple
Because of the wage hike, governments and companies are being forced to address worsening labor demands and income gaps, which are growing wider in many parts of the region and causing labor unrest. How do you think the Chinese government will address this?
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