Friday, June 19, 2009

China's solution to the unemployment problem

According to the AFP, Chinese government officials have an idea to reduce the ranks of the nation's unemployed.

China is likely have over 40 million people lose their jobs this year as manufacturing and construction jobs evaporate as the export heavy communist country suffers from a severe slow down in exports. So what's their idea to reduce the unemployment rate? Train people to become housekeepers---The thought is that as the ranks of China's middle class continues to grow and there are plenty of Dual-Income families, the demand for housekeepers is not currently kept.

My guess is that this initiative while it makes for interesting news---it won't cause a meaning decrease in the unemployment rate in China.

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