the blog of the guy who wrote

that book about china

Someone has declared “the party is over” because of looming unemployment (due to a downturn in the global economy). I have doubts that China’s economy is going to slow so much that it will affect employment , but, anyway, a decrease in demand for labor might be helpful in offseting the effects of “agflation” (agricultural inflation).

What concerns me far more than the cost of labor in China is the quality of labor.

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