Chinese business owners are unhappy with their workers. In the past, workers would accept low wages and long hours without complaint. Now, workers demand high wages and will quit if they don’t like the job. The managers don’t understand how to manage without being autocrats, and that doesn’t play well with the younger generation. -Forbes Magazine. Gradually gradually, China is inching towards full employment level. Wages are rising, so also production costs, and these two factors are the economic edge the China has over the West and Japan. Nigeria would have been the next investment and production destination for cheap-labour-seeking firms but security issues, weak property protection laws and inadequate infrastructure are a huge deterrent for foreign investors. Our sizeable population size and high consumption propensity are strong economic growth indicators which should make Nigeria the prime target for offshore investment in Africa since the central Asia is shifting rightward on the wage line . Nigeria needs to wake up from slumber to position herself to cash in on the opportunities that lies ahead of her.
Posted on: Mon, 03 Feb 2014 09:30:37 +0000
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