Monthly Archive: May 2011

May 24 2011

6 Reasons NOT to chase cheap labor all over the world

Employing a  well-compensated Chinese workforce may be  more cost-effective than chasing “cheap labor” elsewhere. Here are a few reasons why: 1. DO THE MATH Rising labor costs may not be that significant to your  business.  You need to asks what percentage of your manufacturing costs are direct labor.  If it’s 10%, and your direct labor …

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