Headin' Back to China (Photo credit: kk+) |
"I am 80 percent satisfied with my job right now, but my ideal (monthly) pay after taxes is 20,000 yuan ($3,100)," he said, declining to give his full name. Skilled staff are in short supply as the world's second largest economy has moved up the industrial value chain. And even more fundamentally the country is orking through the demographic shift wrought by the government's decades-old one-child policy. During the 2008/09 economic downturn, firms in the mainland let go staff, only to end up paying more to rehire when the economy rebounded sharply, reducing profits. Learning from that lesson, firms this time are opting to cut hours rather than jobs. ... Continue to read.
No comments:
Post a Comment