Low labor cost is an important factor which influences CNY appreciation.

低廉的劳动力成本是影响人民币升值的重要因素。

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The low labor cost is a main comparative advantage of China's, manifested chiefly by low cost, large quantity and sufficient supply of rural labor force.

中国的比较优势很重要的一条就是劳动力成本低，主要表现在农村劳动力成本低，数量大，供给充裕。

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"If you rewind 15 or 20 years, companies were using the low labor cost to make what we have always argued were oversimplified business cases," says Scott.

斯科特表示：“回溯15或20年前，很多公司曾利用廉价的劳动力成本，展开一些备受争议的过于简化的业务。”

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"We see right next door a country that is highly competitive with a low labor cost, so we can't just sit back and relax, " says Cho.

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Yet the overall cost premium, based on the difference in absolute wages between the U.S. and China, is actually expanding, so labor arbitrage involving China and other low labor cost markets will likely persist.

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In short, if the Nokia expert is right about the low labor cost component in its products, Apple could easily raise its prices to pay those Foxconn workers a higher wage without losing market share or its gross margin.

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