Labor Shortage In China'S Textile Industry Will Be Replaced By Third World Countries

Chinese

The textile and clothing industry is the most labor intensive low-end industry, which is a fact.

Coupled with environmental regulations and imperfect labor protection laws, textile enterprises can almost do whatever they want at the expense of the environment and the development of labor costs.

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The wage surge in 2010 reflects the general trend of labor shortage in China, which has been hard to resist in reality and will greatly cut down the growth rate of China's economy.

China's labor supply is expected to reach its peak and begin to decline in 2015.

Meanwhile, in the textile and garment industry, one of the most labour intensive industries, Vietnam and Pakistan are only 1/3 of the labor force in China.

In the US dollar, the minimum monthly salary for China's coastal provinces is 117 - 147 dollars, while Bangladesh is only 24 dollars.

Bangladesh, a well paid garment worker, earns only 64 dollars a month.

According to the world trade organization's estimate, Bangladesh is now the third largest after China and Turkey.

Of course, there are still many obstacles to be overcome in countries like Bangladesh.

Worst of all, education is not universal. Literacy rate is only 55%, far from China's 92% level.

As a result, the productivity of workers in this country is only 1/4 of that of Chinese workers.

In addition, the backwardness of infrastructure is also a bottleneck for development. There is no power and power network like China, and even 6 to 7 hours a day is in power failure.

However, in the early days of reform and opening up, China was lagging behind and catching up very quickly.

Surprisingly, Bangladesh's clothing exports doubled from 2004 to 2009 under such backwardness.

Besides, there are many places like Bangladesh in the world.