Tuesday, January 16, 2007
Some funny story to think of...
Really funny is some kind of way is this story by the Economist.
You may wonder if this is really the case but wages of good people have to rise at around 20% per year. If they don't get more they will go to another company which pays double.
Every company tries to build up factories around Shanghai. The problem is that there are only very few good people (especially management) so it can get very expensive. Especially because the education system still has no relation to reality, so it's difficult to employ university graduates.
What I really know is that living costs in Shanghai are exploding. Even the metro got more expensive...
You may wonder if this is really the case but wages of good people have to rise at around 20% per year. If they don't get more they will go to another company which pays double.
Every company tries to build up factories around Shanghai. The problem is that there are only very few good people (especially management) so it can get very expensive. Especially because the education system still has no relation to reality, so it's difficult to employ university graduates.
What I really know is that living costs in Shanghai are exploding. Even the metro got more expensive...
Labels: China
