A Lurking Cost In Some Overseas Labor Markets
August 15, 2013
The BRIC countries – Brazil, Russia, India and China – are often considered attractive to investors and businesses because of their cheap labor costs. The minimum wage in India, for example, by one estimate is about $2.40 per hour. But the cost of labor in these countries typically includes one significant line item that should not be ignored. Before getting into one of these labor markets, the writer says, employers should look carefully at the cost of getting out.
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