Last year China was suffering from widespread labor shortages.
This year? Not so much. In fact, the situation has flipped to such a degree that a factory owner told hundreds of students waiting to see if they can get a job that he’s only paying 9 yuan (about $1.35 an hour), and they can take it or leave it. Most stay.
Never mind the “Fight for $15” an hour. That’s not $15 a day.
Between the worldwide stagflation, the Russo-Ukrainian War, and the continuing Flu Manchu lockdowns, China’s house of cards economy is coming apart at the seems quicker than anticipated.
So, ‘coming apart at the seems’, eh? You forgot to add ‘pun intended’. Ordinary usage would be ‘at the seams’. Just saying. Only.
I remember getting paid $1.35 an hour.
It was in 1971.
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