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NYT Hopes India Can Avoid China's Plight: a High-Paid, Well-Educated Workforce
http://fair.org/blog/2015/02/19/nyt-hopes-india-can-avoid-chinas-plight-a-high-paid-well-educated-workforce/Progress!
While India is "riding high" by taking job security away from Indians, other countries are taking a different route–apparently, from the Times' perspective, a misguided one, since it's causing "troubles":
India is also profiting from the troubles of other emerging markets.
China's investigations of multinationals, persistent tensions with neighboring countries and surging blue-collar wages have prompted many companies to start looking elsewhere for large labor forces.
China's investigations of multinationals, persistent tensions with neighboring countries and surging blue-collar wages have prompted many companies to start looking elsewhere for large labor forces.
Yes, "surging blue-collar wages" are included by the New York Times in the category of "troubles."
Another "problem" China has is that its workforce is becoming too educated; as the caption for a graph that accompanies Bradsher's piece puts it:
The supply of 15- to 24-year-olds, the prime age for factory workers in emerging markets, is rising in India. By contrast, it is plunging in China because of the "one child" policy, and a sharp increase in college attendance has made the problem more acute.
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