Soaring Asian Wage Bill Sets Stage for Global Inflation Pressure

Soaring Asian Wage Bill Sets Stage for Global Inflation Pressure

Top Glove Corp. via Bloomberg

An employee works at the Top Glove Corp. production line at one of the company's Malaysian plants. Top Glove, which has production in Malaysia, Thailand and China, had 8 million ringgit ($2.6 million) shaved off its earnings in the first two months of the year because of Malaysia’s minimum wage policy.