Has China run out of surplus labour?
Many recent studies claim that China has reached a Lewisian 'turning point' in economic development, signalled by rising wages in urban areas and the exhaustion of rural surplus labour. In this paper we show that despite some evidence of rising nominal urban unskilled wages between 2000 and 2009, there is little in the data to suggest that this wage increase has been caused by unskilled labour shortages. China still has abundant under-employed workers with very low income in the rural sector....[Show more]
|Collections||ANU Research Publications|
|Source:||China Economic Review|
|01_Golley_Has_China_run_out_of_surplus_2011.pdf||1.67 MB||Adobe PDF||Request a copy|
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