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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

Published Sun, Mar 20, 2016 · 09:50 PM

    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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