Social Question
Is the "Made in China" logo about to come to an end?
For years, China has been known as the country for cheap products, cheap labor and a haven for business profits throughout the world. is “Made in China” about to be just a memory? the people of China are now demanding higher wages and a cut in the profits and rightly so. since, 2008, the Chinese labor force has steadily asked for more money and benefits. this has caused many Chinese-based factories to pull out of China, looking again for cheap labor. some factories are actually coming back to the United States. thats great! Question: if Chinese labor forces are paid higher wages, how will this effect WalMart and other big U.S. department stores that depend on China for that special label, “Made in China”?
Source: AP