’s population bonus skill bonus will now Securities Times Online (http://www.stcn.com) 12 ? 23 hearing along with rising labor costs, China has been the “Lewis turning point” debate escalating. Held on Saturday, “Xinhua Index by reference Shibang human resources conference and pay trends (Finance Court) Conference”, experts said that China’s rising labor costs is an irreversible trend, the old population “ Quantity dividend “has ended, but the new demographic dividend will subsequently appear,barbour waxed jackets, this is the” skill bonus. “ NDRC Institute for Social Development, researchers YangYiYong said that for now, China is still oversupply of labor in general. China’s surplus labor in rural areas there are about 120 million, while the “Eleventh Five-Year” period each year in cities and towns need to arrange for the employment of 2,400 people, but the new jobs annually only about 9 million to 10 million, with natural attrition, may placements but also about 12 million people. There are about 12 million people could not place, plus that 120 million rural surplus labor force,red barbour jacket ladies, China’s labor market oversupply will be a long-standing basic trend. But YangYiYong stressed that for a country, the arrival of the Lewis turning point is only matter of time. People’s Insurance Department of the International Institute of Labor and Social Security Morong agrees. He first had to the Lewis turning point against China’s argument. In Morong view,barbour international quilted jacket, the advantage of the demographic dividend will continue to exist for some time in the future, not to the so-called Lewis turning point. He said Lewis turning point intention is: complete transfer of rural labor to the cities, and in rural and urban labor productivity reach consensus on wage levels, like Lewis turning point was formally completed. At present, China’s urbanization is not true, and there are still more than 100 million of the labor force in rural areas, so the Lewis turning point has not yet appeared in China. Morong stressed that nearly 10 years of wage increase is a result of increased labor productivity. In his view,barbour chelsea sports quilt, labor productivity, income increase, our ability to continue to have the future demographic dividend guarantee. Because incomes, the workers will be part of their income into the training and skills up, which makes the original demographic dividend raised to a new level. Chinese Academy of Social Sciences Dean of Graduate Studies (Finance Court) Systmem also said that while in the past few years, China’s labor costs continue to increase, but the demographic dividend in China has not disappeared, but some time in the future will continue to exist, but in the past the old population Bonus will be gradually reduced, the new bonus will appear. “Because we focus on education, emphasis on skills training, and the resulting increase in labor productivity, as long as the faster wage growth, the population will increase the skill bonus.” Systmem said. He pointed out that last year China’s illiteracy rate was only less than 5%, while the United States has more than 10%, indicating increasing emphasis on education,barbour parka, and a huge, has a skilled workforce are many foreign countries can not be compared. Therefore, China’s economy in the coming period will be the emergence of new bonus --- skill bonus. (Securities Times Online News Centre)