A Comparison Of Labor Cost Of Manufacturing Industry Between China And Three Countries

China is a lot of population nation, abundant labor resources is Chinese biggest comparative advantage, and has made the tremendous contribution for economy growth of our country. However, there was shortage of farmer laborers in the coastal area in 2003. Economists analyzed the causes of this phenomenon. And there is a conflict between this phenomenon and W. Arthur Lewis's theory. From the angle of other country, developed country thinks that low labor cost of developing country results in adverse status of their products in international trade price competition. So China is censured "social dumping" (It means that industrialization nation with high wage imports foreign low price products, but these products are very cheap because export nation don't provide logical wage, benefit and other safeguard for labors) for low labor standard by them. China centers on labor denseness, and manufacturing industry is mainstay industry of national economy development. However, manufacturing industry of China sees both increasing labor costs and decreasing labor efficiency when industry upgrades. Corporation is principal part of industrial competitiveness, but, if corporation depends on depressing wages and vile work condition to gain profit, which don't manifest competitive advantage of industry. Moreover, the advantage is threatened by lower labor cost developing countries. Thus, Chinese comparative advantage of labor cost comes in for huge impact.In the face of ascending labor cost, peasant-worker shortage, labor standard and so on, this paper compares three countries' labor costs, and analyzes if labor cost comparative advantage of our country manufacturing industry can go on keeping and depending on advantage of low labor cost. From now on, our country should consider how to develop our country's advantage industry? How will be development prospect of Chinese manufacturing industry?The paper includes four chapters. Chapter 1 is introduction, includes background, intention and means of the paper, and summaries of labor cost comparative advantage; Chapter 2 introduces economic effect and actuality of Chinese labor cost. Obverse...