Published on: 2017-07-21
Quartz reported that IEMS Director Albert Park suggested due to the high worker turnover Chinese manufacturing firms have to pay workers higher salaries in order to retain them.
The article mentioned some of the findings of the China Employer-Employee Survey (CEES), and it highlighted the fact that 40% of manufactures in Guangdong and Hubei provinces had to implement automation because of labor shortages. It also emphasized that worker turnover rate approximately 25% in those provinces.
[Bio] Albert Park
[Media Coverage] China’s Factory Owners Prefer Robots to Job-Hoppers
[Event] Work and Income in the Age of AI & Robots — HKUST IEMS & IPP – EY Hong Kong Emerging Market Insights Series feat. Richard B. Freeman
[Event] Can Robots Save Dongguan? – Barriers and Incentives to Automation in World’s Factory feat. Yu Huang
[Publication] Upgrading the Workshop of the World: Can Automation Spur Economic Development in China? authored by Naubahar Sharif
Photo: AP/Mark Schiefelbein via QuartzTags: automation, china, manufacturing, Manufacturing in China, technology