China Last Year: Labor Shortage. China This Year: “$1.35 An Hour. Take It Or Leave It.”

Last year China was suffering from widespread labor shortages.

This year? Not so much. In fact, the situation has flipped to such a degree that a factory owner told hundreds of students waiting to see if they can get a job that he’s only paying 9 yuan (about $1.35 an hour), and they can take it or leave it. Most stay.

Never mind the “Fight for $15” an hour. That’s not $15 a day.

Between the worldwide stagflation, the Russo-Ukrainian War, and the continuing Flu Manchu lockdowns, China’s house of cards economy is coming apart at the seems quicker than anticipated.

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This entry was posted on Monday, June 27th, 2022 at 11:42 AM and is filed under Economics, video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “China Last Year: Labor Shortage. China This Year: “$1.35 An Hour. Take It Or Leave It.””

  1. Voletti says:
    June 27, 2022 at 8:27 PM

    So, ‘coming apart at the seems’, eh? You forgot to add ‘pun intended’. Ordinary usage would be ‘at the seams’. Just saying. Only.

  2. Seawriter says:
    June 28, 2022 at 3:18 PM

    I remember getting paid $1.35 an hour.

    It was in 1971.

  3. In The Mailbox: 06.28.22 : The Other McCain says:
    June 28, 2022 at 11:35 PM

    […] also, Almost all industries in Sancti Spiritus, Cuba shut down to save energy BattleSwarm: Red China Last Year: Labor Shortage; Red China This Year: “$1.35 An Hour. Take It Or Leave It.”, also, Harris County Democratic Judge Indicated For “Official Oppression” Behind The […]

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