<p> then the wage premium does not have a substantial impact on labor costs and improve labor productivity will digest wages. But the real wages of migrant workers in the past few years the growth rate, higher than the annual growth rate of our GDP, is higher than the growth rate of labor productivity. Because the need for technological innovation to improve labor productivity, education and training of personnel, improve enterprise management level and so on, not a short-term process. Wage increases itself a goal of economic development, but also an important means of improving the welfare of workers. But we also adjust policy to actively resolve the series of negative effects caused by rising labor costs. For example,prezzo hogan, along with the rise in labor costs, on the one hand to encourage enterprises to achieve technological progress, improving TFP; on the other hand, we must focus on skills training, and thus improve the productivity of ordinary workers. Life Week: The new generation of migrant workers has grown up, and some follow the work of the parents grew up in the city, although some live in rural areas, but there is no farming experience, these changes to the new labor market will bring what? Du Yang: In general, the new generation of migrant workers by level of education is improving. They have the characteristics of human capital with the previous generation have significant differences. 2012, 30 young people under the age of migrant workers have received high school and higher education accounts for more than 36%. At the same time, these grew up a new generation of migrant workers in the city, has been more thoroughly out of agriculture, non-agricultural employment trends they are also very obvious. From this point of view, to solve the employment problems in this part of the migrant workers, and to solve the employment problem of college students have a lot of similarities. 0 Life Week: migrant workers' wages upward trend.</p>
<p> that will continue forever? What impact will it? Du Yang: wages of migrant workers on the labor market by both supply and demand factors determined. Factors of our previous analysis of the demographic transition and the employment needs of economic development has led to changes in the size of these two factors have a long-term stability. It seems that the trend of rising wages of migrant workers, in a fairly long period of time, will continue. Our economic policy should be concerned about it is how to positively respond to this change. I think the following aspects of the policy, both urgency, also has a strong importance.</p>
<p> But if college students in the labor market continues to be difficult to get a reasonable return on investment, "reading useless" will spread, will bring long-term social damage. Some European countries, once because of general labor shortages, many young people do not live by the lure of high salaries, he gave up the opportunity to college. The lack of intervention of this phenomenon, in the long run, but also deep causes of the crisis in these countries. Young people affected by the lack of educational attainment, will make the future lack of economic innovation, industrial upgrading and further more difficult, the whole economy lack of sustained competitiveness. We look at the East Asian developed economies.</p>
<p> such as Japan, Singapore, China Taiwan, after they reach middle-income economy to move forward, we will go through a phase of expansion of higher education. The timing of the expansion of our higher education a few years earlier, but the direction is right. 0 Shortage and Enterprise Innovation Life Week: In recent years, faced with a shortage of migrant workers and wages rise, the opposite situation with the student population. In the past we have always thought that China does not lack is that farmers, farmers seem to continue to flood into the city, which would have thought this would be such a shortage is coming to, and the momentum will last forever? Du Yang: I mentioned earlier working-age population decline is one of the main causes of these phenomena occur. According to the National Bureau of Statistics.</p>
<p> in 2012, China 15-59 years old working-age population for the first time to reduce the 3.45 million expected during 2011-2020 will be an absolute reduction of nearly 30 million. 2011 or 2012 is a very important turning point, we can say that China's population dividend officially began to disappear. At the same time, China's sustained economic development so that our economy has reached a considerable scale, which means that GDP growth by one percentage point, may require more labor than before investment can be achieved. In other words, China's GDP is growing every year, will generate new jobs, but we are increasing jobs, the new working-age population is on the decline, so there are gaps in the total labor force. Currently we are still a lot of labor-intensive jobs, and fewer working-age population, which makes simple labor shortage is very prominent. Life Week: We see the rising wages of migrant workers, but their labor skills are in sync improve it? Du Yang: This is a very important issue. If wages of migrant workers is accompanied by rise in labor productivity.</p>
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