China shifts axed miners to jobs in farming, forestry
While the move may keep unemployment rates under check, it could also mean a step down in quality of living, reduced spending power
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Shuangyashan, China
ANTICIPATING millions of layoffs from bloated state-owned coal and steel companies, Chinese authorities are shunting redundant workers into jobs in farming, forestry and public services.
While this may keep unemployment rates under check, such jobs generally pay less, and could mean a step down in the quality of living, reduced spending power and potentially increased dissatisfaction.
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