Saturday, December 22, 2012
Labor Data Suggests Chinese Bubble
Over at the Council on Foreign Relations, there is an analysis of Chinese labor suggests that the Chinese have over-invested in manufacturing and construction, which would indicate future slowdowns in its economy. The percentage of the labor force in manufacturing and construction is 38%, which is roughly twice the global average, and well above other manufacturing nations (including other Asian powerhouses). It is believed that when this share exceeds 23%, workers must then be shifted into services which show lower productive growth.
This is the second in a three part series by the Realist on tools for the prepper. You can find Part 1, about common hand tools for home rep...