“China’s growing affluence and family planning laws have had dramatic effects on its workforce. Improved medical care has enabled older generations to live longer, and the one-child policy has effectively capped the younger generation’s size. In 2000 there were six working-age citizens for each Chinese person aged 60 and up; 20 years from now, population experts predict, there will be only two. Young Chinese have no choice but to seek skilled, high-paying work to support their parents. They’re better educated than their forebears, and less interested in menial assembly-line labour. Robots may fill the jobs they’ve left behind.”
http://www.rawstory.com/rs/2012/11/13/chinese-demand-for-robots-increases-as-labor-costs-rise/
Related posts:
BRICS establish $100bn bank and currency pool to cut out West
3rd ex-Jackson officer pleads guilty in bribery case
Germany ‘exporting’ elderly to foreign retirement homes
Britain signs agreement with off-shore havens to share tax information
Maryland 'rain tax' to be enforced through satellite surveillance?
Rock-bottom vacancy rates push Colorado rents to all-time high
Geneva car show opens amid industry gloom
Family of Egypt’s Morsi threaten legal action over ‘abduction’
GOP bid to rewrite tax code falters
Organic growers lose decision in suit versus Monsanto over seeds
Chinese Investors Snap Up Burgundy Vineyard As Thirst For French Wine Grows
Dan Mitchell Debating Tax Havens
Republicans Move Convention Delegate Vote To Time With No TV Coverage To Hide Ron Paul
Saudi Arabia Said to Ban Betting Against Its Currency
Riot after Chinese teachers try to stop pupils cheating