Guangzhou, capital of Guangdong province, held its first labor fair of the lunar new year a few days ago, but the job-seekers gathered there appeared not to be as enthusiastic as their counterparts of years past. For the first time, the number of job-hunters fell far short of the number of vacancies advertised at the fair: 4,000 versus 7,000.
The employers could only raise their salary standards - on average, to 1,160 yuan ($155) a month, representing an increase of 13 percent compared with previous years.
Similar phenomena also appeared in other cities in the Pearl River Delta area, one of China's major manufacturing centers. The area has for years been the largest employer of migrant laborers from the country's rural areas.
The changes sweeping over the job-seeking public have prompted some economic commentators to cry out in alarm that China is losing its advantage in cheap labor. But some others have argued against such worries, saying that on the whole, the country's labor supply still exceeds the demand.
Though they contradict each other, the two sides share a common concern: the impact of changing labor costs on China's exports, which have been a major engine driving the nation's economic growth.
In my opinion, we should be pleased rather than worried about the situation. Manual laborers can now expect better wages, which is good for both social justice and the wellbeing of the economy.
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