--- title: "Meaning & Key Takeaway of: The vast size of the available workforce…" description: "\"“The vast size of the available workforce in the emerging markets (1.3 billion people in China alone) means that labor costs will not rise above the $2..." image: "https://sms4smile.com/quotes/i/d1b/frank-coyle-70016_emerging-markets_the-vast-size-of-the-available-workforce_1436074.jpg" --- # The vast size of the available workforce in the emerging… ![“The vast size of the available workforce in the emerging markets (1.3 billion people in China alone) means that labor costs will not rise above the $2 per hour threshold for decades. And, that is what we are competing against!” quote by Frank Coyle](https://sms4smile.com/quotes/i/d1b/frank-coyle-70016_emerging-markets_the-vast-size-of-the-available-workforce_1436074.jpg) [Download](https://sms4smile.com/quotes/i/d1b/frank-coyle-70016_emerging-markets_the-vast-size-of-the-available-workforce_1436074.jpg) [Open image](https://sms4smile.com/quotes/i/d1b/frank-coyle-70016_emerging-markets_the-vast-size-of-the-available-workforce_1436074.jpg) > ““The vast size of the available workforce in the emerging markets (1.3 billion people in China alone) means that labor costs will not rise above the $2 per hour threshold for decades. And, that is what we are competing against!”” [Frank Coyle](https://sms4smile.com/quotes/author/frank-coyle/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The massive labor pool in emerging markets keeps wages low, shaping competitive dynamics for companies. **In simple terms:** Large labor supply keeps wages low, affecting competition. Key Takeaway Strategize around cost‑effective labor markets. Themes economics globalization labor competition Mood analytical concerned Type strategic informative When to use this quote - manufacturing - outsourcing - pricing strategy Key Concepts cost advantage market forces Questions to Reflect On - How do you balance cost with ethical labor practices? - What risks arise from relying on low‑cost labor? A Different Perspective Low wages may raise ethical concerns and quality issues. ★ ★ ★ ★ ★ No ratings yet [China](https://sms4smile.com/quotes/about/china/) [Emerging markets](https://sms4smile.com/quotes/about/emerging-markets/) [Investing](https://sms4smile.com/quotes/about/investing/) [Labor](https://sms4smile.com/quotes/about/labor/) [Labor Costs](https://sms4smile.com/quotes/about/labor-costs-1175344/) [Workforce](https://sms4smile.com/quotes/about/workforce/) [Workforce Emerging](https://sms4smile.com/quotes/about/workforce-emerging-5126479/) ## Related quotes > [Smart businesses do not look at labor costs alone anymore. 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