They're living through the fallout of their own demographic nuke, and they've decided that the only solution is to flood the job market with cheap labourz just as the West has done.
How exactly would this help? I guess the scenario that comes to mind is that China's GDP and major corporations are propped up for a few more years. But China is an ethnocentric country. I am not sure there is any way that this helps the natives.
It will clearly reduce the bargaining power of native workers, as it has done in the US.
Thinking this through a little more, it will buy a little more time for China to figure out their problems before GDP takes a hit... but it would have to be an explicitly temporary solution.
They're living through the fallout of their own demographic nuke, and they've decided that the only solution is to flood the job market with cheap labourz just as the West has done.
How exactly would this help? I guess the scenario that comes to mind is that China's GDP and major corporations are propped up for a few more years. But China is an ethnocentric country. I am not sure there is any way that this helps the natives.
It will clearly reduce the bargaining power of native workers, as it has done in the US.