14-08-2008, 04:30 AM
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Join Date: Jan 2007
Posts: 13,788
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Surplus labor pool shrinking
China's labor market is in the pincer grip of dwindling surplus labor on one hand and growing unemployment on the other as a result of mass closures of outdated factories.
Apparently contradictory, these two rising trends have come to define the labor market of late. Employers are finding it difficult to find suitable workers and employees are scratching heads in their search for ideal positions.
In terms of labor supply, which has long been seen as a factor in the nation's economic miracl ...
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