International comparison of hourly labor cost in primary textile ind
19 May '07
3 min read
There is not much movement in the lower part of the ranking: the lowest labor costs are noted in Asia, with Bangladesh, Pakistan, Vietnam, China Inland and Indonesia. Remarkably however is the continuous increase in labor costs in the coastal region of China, approaching rapidly the one dollar per operator hour threshold.
Within Eastern Europe, overall labor cost has been catching up fast, with most countries now between US $3 and $5 per hour. Only Bulgaria and Romania have substantially lower labor costs, these are however forecasted to increase substantially with the entry into the European Union.
Hong Kong, S-Korea and Taiwan are between 15th and 20th position with around $7 per operator hour.
Latin American countries have seen the second highest increases in cost since 2002 measured in local currency. In US$ terms, they are at about the same level as many Mediterranean countries (Turkey, Morocco, Tunisia) and S-Africa.
As in the past, the variation in exchange rate of US dollar is having a bigger impact, in many cases, than the actual increases in local currency.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
