Tuesday, May 05, 2015

The Lewis Turning Point

China migration: At the turning point - FT.com:

 "The end of surplus rural labour — a significant milestone that economists call the Lewis Turning Point — carries profound implications for China’s economy. As the flow of low-paid migrants into Chinese factories slows, workers demand higher pay, a phenomenon that has been evident for several years. This either drives low-end manufacturers out of business or forces them to raise prices, actions that could slow the export growth that has helped drive the country’s economy for decades."

'via Blog this'

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