Manufacturing wages in India have eclipsed those of China for the first time, according to IHS Global Insightâ€™s latest â€śGlobal Manufacturing Compensationâ€ť study. Total labor costs, including benefits, in Indiaâ€™s manufacturing sector average $2.68 per hour. That compares with the $2.51 Chinese workers earn, the survey notes. Rapid inflation is the primary cause of the increase in Indian labor costs, which are up nearly 20% year-over year, Katherine Lewis, a co-author of the study, tells ...
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