While one might think this is better news for U.S. workers, in terms of global labor arbitrage, it's probably only good news for the Chinese. A Chinese province raises minimum wage 13% to a whopping $140 USD a month!
A decision by the province that is China’s second-biggest exporter to raise minimum wage rates has heightened expectations that other provinces and cities will soon follow, just as the central government’s attention is shifting from economic stimulus to rising inflation.
Eastern Jiangsu province, which exports more than Brazil and South Africa combined, raised its monthly minimum wage rate 13 per cent to Rmb960 ($140) last week. It was the first time the rate had been adjusted in two years.
Meanwhile no sweat describes ongoing labor abuses in China.
Shame we don't have such publicity on the ongoing abuses of U.S. workers.