Thursday, February 7, 2013
Narrowing Asia's gap between rich and poor
China and Indonesia have agreed to increase minimum wages to help narrow the gap between rich and poor. The countries' economies are among the fastest growing in the world but they are also witnessing growing social unrest. Millions remain in poverty and workers are increasingly taking to the streets, holding strikes and protests - pressing their demands for more money. We examine if raising wages in Indonesia and China could burden production cost and hurt the lowest paid.
Posted by The Progressive Rambler at 10:39 AM