Slashdot stories can be listened to in audio form via an RSS feed, as read by our own robotic overlord.

 



Forgot your password?
typodupeerror

+ - Dramatic Shifts in Manufacturing Costs Are Driving Companies to US, Mexico->

Submitted by hackingbear
hackingbear (988354) writes "According to the new Boston Consulting Group Global Manufacturing Cost-Competitiveness Index, the often perceived as low-cost manufacturing nations — such as China, Brazil, Russia, and the Czech Republic — are no longer much cheaper than the U.S. In some cases, they are estimated to be even more expensive. Chinese manufacturing wages have nearly quintupled since 2004, while Mexican wages have risen by less than 50 percent in U.S. dollar terms, contrary to our long-standing misconception that their labors were being slaved. In the same period, the U.S. wage is essentially flat, whereas Mexican wages have risen only 67%. Not all countries are taking full advantage of their low-cost advantages, however. The report found that global competiveness in manufacturing is undermined in nations such as India and Indonesia by several factors, including logistics, the overall ease of doing business, and inflexible labor markets."
Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Dramatic Shifts in Manufacturing Costs Are Driving Companies to US, Mexico

Comments Filter:

Chemist who falls in acid is absorbed in work.

Working...