As the large population in China, the labor force is also in adquate and now
become the biggest economic advantages in international market. Seen from China
plant, which is also benefit from it , has been in favorable stuation for a long
time. China's working-age population fell last year as a proportion of the
total, according to figures released by the National Bureau of Statistics last
week. Chinese aged 15-64 represented 74.4% of the population in 2011, compared
with 74.5% the year before. The statistic prompted one or two stories
speculating about the end of cheap China.
Therefore the manufacture industry
has employed a large number of labor resource, which once reduced the job
hunting stress greatly. China mining machinery and plant
is the main foundamental production field. China's dependency ratio (the number
of Chinese not of working age as a percentage of those who are) is still low,
compared with its past or its peers. It was lower in 2011 than in any recent
year except 2010. It was also lower than the ratio in all but five countries,
according to UN figures.
This is largely because China's one-child policy
restricts the number of young dependants a family can add. (The ratio of elderly
Chinese, relative to those aged 15-64, has been rising steadily since the
mid-1960s.) The one-child policy has kept China's dependency ratio artificially
low, but it has also begun to slow the flow of new entrants into the workforce.
The number of 15-29 year olds--the nimble-fingered youngsters who man China's
assembly lines, stitching, twisting, fixing and stamping--peaked in 2011 at
326.6m, according to UN estimates. That number will fall this year, the UN
projects.
Another telling statistic was divulged by the NBS earlier in the
week. It noted that the number of migrant workers (living outside their home
province) increased by 3.4% last year. That's a slower rate of increase than the
5.5% recorded in the previous year. As a consequence perhaps, the income of
migrant workers rose by 21.2%, the NBS reckons, to 2,049 yuan a month. If true,
that's an extraordinary surge. The average increase from 2005 to 2010 was only
about 14.1%. Some migrants, at least, had good news to boast about on their
return home for the Spring Festival holiday.
In my view, the situation will
be maintained and present better trend. With the vigiriously development of
machinery line, large workers are needed.
