Belated raise
China Daily | Updated: 2010-05-31 07:50
A 20-percent salary jump that Shenzhen-based Foxconn promised workers last Friday has clearly come too late; of the 13 employees who attempted suicide this year, 10 have died.
Yet, the wage hike move will, hopefully, speed efforts by Chinese policymakers to arrest the dangerous decline in workers' wages as a proportion of the nation's gross domestic product.
Moreover, this may serve as a painful lesson to all other enterprises that have become competitive by trimming labor costs.
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