China's economic success has been built on cheap labour. The country’s migrant workforce is the world’s largest. At $0.81 an hour, the cost of Chinese workers is just 2.7% that of their American counterparts. But a spate of strikes has hit the country’s factories, and Chinese labour is getting dearer. Unit labour costs have risen more often than not in the past five years.
via www.economist.com
Rate Rush spent the past two weeks collecting data and studying trends between popular links on Digg and Reddit.
via www.raterush.com
For the last three years, there have been more than 40 acquisitions of location-oriented technology startups. Though location startups are all the rage right now, so far this year there have only been 15 deals. Could we be due for a deluge of deals?
via gigaom.com
When it comes to American media habits, not even Bob Dylan could have predicted the digital revolution of the past 10 years.
via www.newsweek.com
They call America the land of opportunity, but few would question the notion that it is also the land of contrasts. All you need to do is look at the statistics compiled on a regular basis. While the top 1% of American households holds 34.6% of all privately-held wealth, for example, the bottom 80% (made up of salary workers) holds 14.9%. For more statistics on income, wealth and debt distribution in America, take a look at this infographic.
via www.mint.com
This infographic shows student migration trends across the United States & highlights what schools benefit the most from out of state student enrollment.
It would seem pretty strange for Robert De Niro to get out a money clip in Goodfellas and hand over a credit card, but new statistics from the Payments Council show that cash payments are becoming less and less desirable, in comparison with the upward trend of digital transactions.
