Paper Title :Labor Market Issues
Author :Qiuhui Ding
Article Citation :Qiuhui Ding ,
(2018 ) " Labor Market Issues " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 60-64,
Volume-4,Issue-7
Abstract : A more market-oriented labor market has emerged in China in the past 20years with growing importance of the
urban private sector, as state-owned enterprises have downsized. Despite the progress on reforms, a sizable surplus of labor
still exists in the rural sector and state-owned enterprises. The main challenge facing China’s labor market in coming years is
to absorb the surplus labor into quality jobs while adjusting to WTO accession. This paper estimates that if GDP growth
averages7percent and the employment elasticity is one-half, urban unemployment could double over the next three to four
years to about 10 percent. These pressures would be limited by stronger economic growth, especially in the private sector
and more labor-intensive service industries which have generated the most jobs in recent years. Therefore, policy should
focus on encouraging private sector development, while reducing barriers to labor mobility, improving worker skills,
upgrading job search services and strengthening the social safety net.
Keywords - Labor Market, China’s Labor Force, Unemployment
Type : Research paper
Published : Volume-4,Issue-7
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-13227
View Here
Copyright: © Institute of Research and Journals
|
 |
| |
 |
PDF |
| |
Viewed - 46 |
| |
Published on 2018-09-27 |
|