Southeast Asia Wage Dilemma: Why Is There Such Division?

The video discusses the role of cheap labor in Southeast Asia's economic boom and the challenges posed by worker protests demanding higher wages. It highlights the productivity differences between countries like China and Vietnam and the impact of wage increases on competitiveness. The video concludes by noting that if wages rise without corresponding productivity gains, companies may relocate to cheaper regions.

What happens to company profits if higher wages are not matched with higher productivity?

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What has been the response of manufacturers when wages in China increased?

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