Saturday, November 1, 2008

Textile Labor Costs

Here is some interesting data about the costs to produce textile goods in various countries. The data is a little dated. From EmergingTextiles.com:
...lowest labor costs are still in Bangladesh, at 22 US cents per hour or five times lower than in China's richest coastal areas.
Labor costs include wages, social charges, and a series of bonuses.

$0.22 per hour?
In addition to Bangladesh, Cambodia, Pakistan and Vietnam are other apparel exporters taking advantage of extremely low labor costs at 33 cents, 37 cents and 38 cents per hour, respectively.

What about China?
China's lowest labor costs are at 55 cents in the country's inland and remote areas while labor costs may now reach US$1.08 in certain areas of coastal provinces.

Recent strengthening of the dollar will help US relative costs, but..... wow.

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