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Essay / Research Paper Abstract
With China's increasing level of international trade, and inward investment, the level of demand for labor is outstripping supply resulting in increasing wages. This 4 page paper, written from a HRM perspective, looks at the issues and considers the way that HR management may help to alleviate some problems. The bibliography cites 1 source.
Page Count:
4 pages (~225 words per page)
File: TS14_TEchinawage2.rtf
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Unformatted sample text from the term paper:
profit maximizers, will seek to reduce their costs were possible. China has been able to provide goods at lower costs than goods produced in many other countries. This can
be seen in the way that there has been increased trade for the textile industry following the expiry of the Multi-Fibre agreement and subsequent Agreement on Textiles and Clothing (ATC),
resulting with significant increasing the aggregate demand for exported goods from China. As well as this there have been firms moving to the area, with companies such as Samsung setting
up in order to benefit from the lower costs, with China being a good destination for foreign direct investment to take place. However, the problem for China may be linked
to the success, the ability to sell cheap goods to the rest of the world has increased demand for labor in the country, serving multinational organizations it moved into the
area, as well as the expanding local organizations. A standard economic concept is that of supply and demand, where there is a demand for any product or commodity that is
above the level of supply there will be an increase in the price into a new point of equilibrium is reached at a high price, where it is sufficient to
buyers out of the market, or sufficient supplies enter the market, a combination of the two, in order to satisfy the demand. In China there has been insufficient labor to
satisfy the needs of the employees, resulting in significant increases in wage levels. As there is no needed resolution, the employees are unlikely to decrease the demand they have labor,
and there is no significant increase in the number employees available, this is an ongoing problem and as such wage inflation has been taking place for some time. This is
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