Saturday, February 27, 2010
Booming China Faces Big Labor Shortage
Time was, that was true in the United States, back in the day, before the nation's industrial economy was hollowed out and outsourced--to China--in order to benefit a relative handful of people.
Americans don't need to make anything anymore, the political and economic elites told us. Manufacturing is dead, the greedy globalizers declared. The service economy rules, they assured us, and so on and so forth....MASSIVE EARTHQUAKE HITS CHILE
The New York Times reports: "A massive 8.8-magnitude earthquake capable of tremendous damage struck central Chile early Saturday, shaking thecapital for a minute and a half and setting off a tsunami.
"President Michele Bachelet declared a 'state of catastrophe.'
"Buildings collapsed and phone lines and electricity were
down, making the extent of the damage difficult to determine.
"The epicenter was 70 miles from Concepcion, Chile's
second-largest city, where more than 200,000 people live."
Click here for the full report.
Saturday, 27 February 2010
china confidential
In China, unskilled workers are in great demand; and wages are rising, causing concern that inflation could sow the seeds of social unrest. In the meantime, a laborer can "walk into any factory and get a job," as reported here.
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