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A big pay raise in China signals a big economic shift

June 4, 2010

“The writing is on the wall for the model of using vast armies of workers paid $100 to $200 a month [in China]. We are at the beginning of a very, very different stage of the growth process.”

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Arthur Kroeber, head of the Dragonomics economic consulting firm, commenting on two giant Chinese companies offering big wage increases to their workers this week.


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