Fewer Chinese join the job market, but that may be a good thing
Fewer Chinese join the job market, but that may be a good thing
- March 27, 2017
- Wang Feng, sociology, via Bloomberg, March 27, 2017
Wang Feng, a professor of sociology at the University of California, Irvine, says
the declining participation rate is driven by three main factors: A rapid expansion
of tertiary education that began in the late 1990s which saw college enrollments rise
seven-fold, the earlier withdrawal from the labor market for women, and a general
reduction in participation for other age groups. Labor market mobility has also substantially
increased, which may result in temporary joblessness when people are in transition
and that may not be picked up by censuses and surveys, Wang said.
For the full story, please visit https://www.bloomberg.com/news/articles/2017-03-27/china-s-falling-labor-participation-rate-adds-to-growth-squeeze.
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