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Is the era of cheap Chinese labour over?

Here’s another way to explain why the concept of cheap wages can so quickly become misleading. If you’re looking to buy a Mercedes-Benz, for instance, German labour is the cheapest in the world for that goal.

Tags: economist china labour wages mercedes german
July 22, 2010
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Quote
"Accountants and clergy are both well educated and intelligent, yet we pay accountants a lot more than the clergy. Is this because we care more about money than about God?"

— Labor Markets, God and Mammon

Tags: clergy economics wages labor market accountants God money
September 25, 2009
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