Wednesday, May 25, 2011

Look, the skyrocketing inflation of living expenses and wages in China has started to drive out foreign companies, which are now looking elsewhere for labor, probably back in their home countries. Combined with the backdrop of the steeply rising transportation costs wreaked by upward moving gas prices, now we can suppose China's economy and employment situation will have to face increasing troubles.

Just consider how consequential the subject matter and policies of macroeconomics are for a country and its average Joes and average Janes.

No comments: