Labor Shortage in China
When I was in China last October, I met with a factory owner that employees 2,000 workers. He told me that his biggest problem was . . . labor shortage.
With over a billion people, that’s hard to believe. He blames the “One Child Policy” which has been in effect for 20 years.
This articles explains some of the other reasons. Wal-Mart alone spent $17 billion last year on products made in China. Kate Aspen spends less, but we’re working on it.
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