Remember how China, armed with a "manipulated currency" and massive government subsidies, was allegedly taking all of America's manufacturing jobs? Well, it looks like the Chinese are in a giving mood all of a sudden.
China, forecast to become the biggest solar market this year, may restructure its subsidies to favor smaller projects over larger ones to promote new plants in in areas with power shortages, an industry official said.
Today's New York Times gets in on the new theme - China's labor force is movin' on up:
If Wang Jinyan, an unemployed factory worker with a middle school education, had a résumé, it might start out like this: “Objective: seeking well-paid, slow-paced assembly-line work in air-conditioned plant with Sundays off, free wireless Internet and washing machines in dormitory. Friendly boss a plus.”
Oil engineering consultant Steve earns 550,000 Australian dollars (US$560,000) a year and is seeing new graduates signed up for six-figure salaries.
These pay rates, along with other rising costs the oil industry cannot control, are sharpening its focus on mass production methods, clever supply deals and investment in innovation.
“For oil and gas executives, the need for operational excellence has never been greater,” says industry consultants Bain & Co in a March 1 study on costs.