SHANGHAI — Stung by labor shortages and a rash of suicides this year at its massive factories in southern China, Foxconn Technology said Wednesday that it would immediately raise the salaries of many of its Chinese workers by 33 percent.
The pay increase is the latest indication that labor costs are rising in China’s coastal manufacturing centers and that workers are demanding higher pay to offset a jump in inflation and soaring food and property prices.
Full story: Pay Raise for China’s Foxconn Workers – NYTimes.com