01/10/2023
In the early 2010s, the Chinese government was in the middle of a plan to systemically raise the minimum wage. The reported goal was to double the minimum wage over 5 years. The Chinese Central Bank also began to move the needle on the currency exchange rate. As someone who watched markets and acted in a proactive manner, I knew that the 30% of what we sold that was sourced from China would soon cost more.
Read now we managed this challenge in my latest post:
In the early 2010s, the Chinese government was in the middle of a plan to systemically raise the minimum wage. The reported goal was to double the minimum wage over 5 years. The Chinese Central Bank also began to move the needle on the currency exchange rate. As someone who watched markets and acted...