Day By Day

Saturday, February 27, 2010

China's Labor Shortage

Of all places China, which has a population of 1.3 billion people, is experiencing a labor shortage. Read about it here.

The interesting thing is that it is the result of governmental policies. The one-child policy has led to a shortage of young people, while mandatory retirement policies have removed millions of men and women from the workforce. At the same time expanded education policies have kept young people out of the workforce.

Unintended consequences.

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