As China’s Labor Wages Rise, Which Countries Will Take Their Place as Cheap Labor Capital of the World?

Image via Flickr by Rafael Gomez

A new study by Stratfor Global Intelligence concludes that China is stepping down from its unofficial position as the go to cheap labor source of the world, and other developing countries are now emerging as a replacement option for global manufacturers in need of a cheap labor source. By the year 2015, China’s most expensive labor is expected to cost about the same as the least expensive labor available in the United States, when production is factored into the equation.

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