They have to move up the value chain or they will face a labor shortage.
With unemployment officially calculated at 4%, and incomes rising nationwide, the country is now facing a labor shortage.
China may be turning from a labor surplus to a labor shortage economy.
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In the long-term, a labor shortage is good news for the Chinese economy, as it will induce Chinese companies to innovate.
FORBES: Why A Labor Shortage Is Good News For The Chinese Economy
Such a body is sure to be dominated by union appointees or allies who would rarely if ever declare a labor shortage.
"There's no such issue as a labor shortage in China, " she said.
This, he hopes, will also help him deal with a labor shortage in a country whose native-born show little ken for factory work.
The AFL-CIO wants a restrictive program with a political body determining when there is a labor shortage and how many visas can be granted in specific industries.
According to China observer Shaun Rein, the country is already in a labor shortage, which began during the Great Recession, as many American and European companies stepped up investment in China to offset a sales slow-down in their home markets.
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America in the 21st century, however, does not suffer from a generalized labor shortage.
Greek economist Yanis Varoufakis says that the troika's diagnosis of the labor market is "utterly erroneous" and that the greatest challenge for employers is not a lack of cheap labor but a shortage of demand for their products.
China may still have abundant rural labor supply, but it has a shortage of the skilled labor supply it now needs.
If you look at areas like Information Technology and Healthcare, they are hiring in strong numbers, but are also experiencing a significant shortage of labor.
Given a severe shortage of labor in China, it is likely that Foxconn would ensure that workers are happy with their compensation and avoid the risk of them leaving, he said.
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Dean Norton, president of New York's Farm Bureau and a dairy farmer in Genesee County, said fruit and vegetable growers as well as dairy farmers have been suffering from a shortage of labor.
He noted there have been some reports of areas facing a shortage of skilled labor willing to work at current wages.
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Chronic problems include a shortage of skilled labor and a deficient infrastructure.
But some analysts see the labor shortage as a sign of trouble awaiting Tohoku once the reconstruction boom ends, and symbolizes what many other regions in Japan face over the coming decades.
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"The business community and technology sector are running up against a shortage of highly skilled labor, and we need more H-1B visas, " said Brad Smith, general counsel of Microsoft.
American farmers, fretting over a shortage of workers as immigrant labor becomes harder to find, are being pushed to give mechanization greater consideration.
Also, labor costs are trending higher amid a shortage of skilled mine workers, Bhar said.
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There is still a shortage of skilled mining workers, meaning more labor inflation.
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If we get to the point were the Fed is inducing or more clearly facilitating a structural transition then we will know because the shortage of skilled labor will outweigh the excess of unskilled labor and overall wages will rise.
To plug labor shortage gaps and train workers, Foxconn has brought in a number of workers from a plant in Shenzhen, in southern China, and another in the central city of Zhengzhou, it said.
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Some academic researchers say it is hard to quantify an actual labor shortage in U.S. agriculture, in part because there is so little evidence of a decline in production.
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