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Increase in Chinese wage costs open an opportunity for industry in El Salvador

Wednesday, June 29, 2011


El Salvador has been presented with an opportunity it cannot afford to be missed if it wants to boost exports to the United States.

In Asia, minimum wages have increased by as much as 80 percent. Labor there is no longer cheap.

Currently the Chinese currency is overvalued, raising the costs of raw materials.

 

 

Original source (in Spanish): El Diario de Hoy