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Human Resource considerations for International Business Management
| Wage Rate Comparisons
. Human Resource considerations for International Business Management |
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used in the following courses taught by Prof. Richardson
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| Compensation | Compensation
for factory workers in China
Factor workers in China,
making toys for Mattel, make (2015)
1,600 Yuan per month (about $320 dollars)
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| Compensation | Compensation
for factory workers in China
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| Compensation varies | Compensation
varies
Software development in India
costs $15-$20/ hour including the cost of the hardware, software and a
satellite link. Compare this with $60-$80/ hour in the US
from http://home.alltel.net/bsundquist1/gcib.htmlFoundry workers (casting metal things) in India earn $1 for working an 8-hour day Mexican auto industry wages and benefits average $4.00 hr, vs. $30 hr in the US Japanese companies can hire 3 Chinese software engineers for the price of one in Japan (Thomas L. Friedman, "Doing our homework", Pittsburgh Post Gazette, 6/25/04).Despite seemingly low wages and wretched conditions, Mexico is losing garment assembly jobs to Central America, call centers to Argentina, data processing to India, and electronics manufacture to China Vietnamese Nike workers earn $1.60/ day, while three simple meals cost $2.00 |
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Labour costs
in China
http://factsanddetails.com/china.php?itemid=367&catid=9&subcatid=60#410 Jeffrey Hays explains "One of China’s problems is that while it produces lots of low skill factory jobs it isn’t creating enough good job for college graduates." reliable figures - there
are none
2010 Beijing city government raised the minimum wage by 20 percent to $141 a month. 2012 Shanghai, China's richest city, increased the wage by 13 percent to 1,450 yuan ($230) a month starting in April 2012, |
| student Yingyan X. in MRK460 in March 2014 provided some updates on wage rates in China. | Labour costs
in China
source: http://www.tradingeconomics.com/china/wages-in-manufacturing which is in turn sourced from the National Bureau of Statistics of China - validity - generally speaking, students should appreciate that any time statistics are provided by a government agency the degree of accuracy is always effected by the "political environment". Yingyan summarizes saying
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Labour costs
in various major cities of the world compared
- based on U.S. dollars per hour supplied by student Ashok S from MGTC44 in March 2010 |
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Labour costs
in various countries compared to South Korea
source: http://www.global-production.com/scoreboard/indicators/labourcost.htm |
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Labour costs in various European countries compared to Germany |
Labour costs
in various countries compared to 
Canada |
| Labour Laws, Rules and Regulations | Labour Laws,
Rules and Regulations
Minimum wage in Mexico is $0.50/ hour. In one US auto plant in Mexico, the workers went on strike. The Mexican police shot several and put the strikers back to work-and cut their wages 45%. Nobody has ever been shot
by police for being on strike in Canada !!!
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