“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:
Swiss police smash Chinese trafficking ring
After vote, China tells Taiwan to abandon independence "hallucination"
Fed Williams: QE3 asset purchases may be expanded
NSA whistleblower Edward Snowden applies for temporary asylum in Russia
Two biggest Cyprus banks limit ATM withdrawals to reduce bank runs
Icelanders Demanding Up to 50% Pay Rise Show Crisis Ripples
Why Obama Can't Just Uncancel All Those Insurance Plans
Oklahoma prosecutors return $21,227 more to Interstate 40 travelers
UN calls on US to stop separating migrant children from parents
9-year-old with autism arrested for assault after police called to classroom
Spain considers timezone shift to combat ‘siesta-taking’, 'late-night partying'
IKEA surges forward with store openings despite global economic turmoil
Tina Turner to become Swiss citizen and give up U.S. passport
Who's Funding ISIS? Wealthy Gulf 'Angel Investors,' Officials Say
Caretaker: 107 year old was scared during SWAT shootout