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The labour surplus and COVID‐19: the outlook for Chinese migrant low‐skilled workers
Author(s) -
Wang Jenny Jing
Publication year - 2022
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/acfi.12800
Subject(s) - profitability index , business , supply chain , covid-19 , labour economics , hospitality , migrant workers , labour supply , economics , tourism , economic growth , marketing , finance , medicine , disease , pathology , political science , infectious disease (medical specialty) , law
This paper investigates the disruption to global supply chains caused by COVID‐19 and how such disruptions will affect the participation of Chinese businesses in those chains. The focus is on the post‐COVID‐19 outlook for migrant workers working in the hospitality and garment industries. It is argued that managers within global supply chains will use accounting processes to maintain profitability by cutting costs. Moreover, within corporate supply chains, wages will be driven down in an increasingly competitive labour market, especially for low‐skilled workers. The findings show that COVID‐19 will have an adverse effect on wages and employment and raise performance expectations.