Share this story
Close X
Switch to Desktop Site

A big pay raise in China signals a big economic shift

View video

View photo

“The writing is on the wall for the model of using vast armies of workers paid $100 to $200 a month [in China]. We are at the beginning of a very, very different stage of the growth process.”

Arthur Kroeber, head of the Dragonomics economic consulting firm, commenting on two giant Chinese companies offering big wage increases to their workers this week.

About these ads