Home > China, Microeconomics > Chinese, US Labor Input Costs Changing Fast

Chinese, US Labor Input Costs Changing Fast

We covered the topic of the substitution and output effects for production inputs in class today. Here’s an interesting discussion of the same topic with specific reference to how labor costs are changing the in US and China.

Screen Shot 2012-12-17 at 8.17.04 AMThis isn’t just good news for U.S. manufacturing. It’s another indication that we’re seeing the end of cheap China, and that’s good for Chinese workers, too.

 

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Categories: China, Microeconomics
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