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The labour surplus and COVID‐19: the outlook for Chinese migrant low‐skilled workers
- Source :
- Accounting & Finance
- Publication Year :
- 2021
- Publisher :
- John Wiley and Sons Inc., 2021.
-
Abstract
- 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.
- Subjects :
- Labour economics
Coronavirus disease 2019 (COVID-19)
Supply chain
media_common.quotation_subject
M41
Performance
Economics, Econometrics and Finance (miscellaneous)
Exploitation
Migrants
Hospitality
COVID‐19
Accounting
Harassment
Low skilled
media_common
business.industry
Migrant workers
Original Articles
Labour surplus
Unemployment
Profitability index
Original Article
Business
Finance
Subjects
Details
- Language :
- English
- ISSN :
- 1467629X and 08105391
- Database :
- OpenAIRE
- Journal :
- Accounting & Finance
- Accession number :
- edsair.doi.dedup.....40cff3a8ce9705a7cd466bdd003f97e1