Caixin
Jun 23, 2015 04:27 PM

The Chinese Labor Market: Retooled by Consumption Patterns

The odd combination of a slowdown in the economic growth rate and a tightening labor market is the result of the structural change the economy is going through. Meanwhile, the situation for low-skilled labor, specifically, is being driven by upgrades in the manufacturing sector, and is not the source of the middle-income trap that the country seems to be facing.

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