From Asia Times:
China will begin to feel the pain of labor shortages nationwide in the next couple of years – much earlier than previously forecast – as the country’s seemingly ample supply of rural migrant workers dries up, according to the latest studies by state think-tanks.
This will make a significant impact, forcing China’s economy, which relies heavily on labor-intensive export-oriented manufacturing, to undergo a profound restructuring.
A new survey conducted by the Development Research Center of the State Council , China’s cabinet, has found the supply of rural labor in the country is not as ample as generally thought. [Full Text]
