Due to the high costs of the labor force, Singapore and Korea are becoming less attractive labor markets.

Name: Due to the high costs of the labor force, Singapore and Korea are becoming less attractive labor markets.
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Question

Quizplus · Accepted Answer

In Singapore and Korea, average hourly costs are around $7.00 and $12.00, respectively; considering the high productivity of these countries' highly educated workforce, Singapore and Korea may be attractive labor markets for skilled manufacturing work.

Due to the High Costs of the Labor Force, Singapore