China’s factories are running out of labor already for years, but now also companies looking for white-collar workers have a hard time to fill in the fast-growing number of vacancies, tells business analyst Shaun Rein in BusinessWeek. And wages go up fast.
Business Week:
The labor shortage isn’t limited to factory workers. Workers for desk jobs are also in short supply. “There just aren’t enough people,” says Shaun Rein, managing director of Shanghai-based market research firm CMR China and author of the new book The End of Cheap China. Rein points to announced plans by Citigroup,Microsoft, Google, and others to boost their number of workers in China. “That’s creating a huge fight for white-collar workers,” he says. “Salaries are soaring.”
Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.
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