Wages are still climbing rapidly in China and many companies are having trouble filling jobs despite the sharp economic slowdown here—evidence of a structural shortage in the labor market that may help China adjust to slower growth without political instability and whet consumer appetites for foreign goods.
Reflecting the tight labor market, wage income for urban households rose 13% year-on-year in the first half, and average monthly income for migrant workers rose 14.9%, according to data from China’s National Bureau of Statistics…
- China’s job market – Cracks are appearing (jobmarketmonitor.com)
- The Global Skill Gap: 38 million to 40 million fewer workers with tertiary education than employers will need (jobmarketmonitor.com)
- Outsourcing comes with a wage penalty, at least in some occupations (jobmarketmonitor.com)
- Book: Why Good People Can’t Get Jobs: The Skills Gap and What Companies Can Do About It | Wharton Digital Press (jobmarketmonitor.com)
- China education system is overtaking many Western countries (jobmarketmonitor.com)