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economics

economics

china is victorian england—the guttering end to the marxist holocaust

“ He earns 14 renminbi (RMB 'People's currency'), equivalent to less than £1, for each square metre of woodwork he completes. If he wakes at 4am and finishes late, he can earn about 56 RMB. If he avoids a gap between jobs, he can make about 9,000 RMB (£600) a year, the national average wage.

“China is a labour buyer's market, with an estimated 94 million migrant labourers. Next year, 24 million people will come of age into a workforce where eight million are already registered jobless. In the countryside, where 800 million people live, it is estimated 80 per cent of men are underemployed.”

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