Quartz: It’s not just the US: Chinese factories are turning to automation as wages rise
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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.
Read full article It’s not just the US: Chinese factories are turning to automation as wages rise
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