China Employment rate from 2000 to 2016
“Made in China,” something that we often see in products we buy: electronics, clothing and even clothing. A highly industrialized nation with a population that has an entrepreneurial touch, China has slowly grown into one of the world’s most powerful economic giants. The economy supported by various sectors, for example, the large manufacturing industry has seen growth due to the huge human resource present in the world’s most populous country. We shall focus on the Chinese employment rate from 2000 to 2016 to establish whether the government has done enough in maintaining the growth that they had over the past few years.
China’s unemployment rate stands at 4% currently. A modest figure, however, concerning its vast population, the China unemployment rate data translates to a whopping 9.2 million unemployed people. Critics have gone further to state that that percentage is not likely to change (and has not experienced a lot of change in the past five years) anytime soon which would mean an increase in the number of people as the Chinese population rate is slowly growing. If we compare the level of unemployment in China vs. The USA, the difference is quite significant. The USA statistics currently stand at 4.7%. It may seem that there is not a significant difference concerning the percentages, however, when that translates to 7.4 million unemployed people, the difference can be felt between the two nations.
This Chinese unemployment rate has seen a steady rise, and it’s a result of several factors. It’s believed that before strict measures were implemented protecting workers, there were devious employers who took advantage of their staff members. The employers subjected them to things like hazardous working conditions, extended working hours, microscopic and inadequate payment, especially for overtime work.
The government implemented China employment law in what people would commonly refer to as the Labour Law regime, in 1995. Its main aim was to rid the process of getting work in China of any issues that it had.
With its loopholes exploited, the government had to go back to the drawing board and revise what they had implemented. The employees had suffered hence causing the people to abstain from working in many companies and institutions that did not treat their employees well. The Employment Contract Law enacted in 2008. Simply put, this still acts as China employment law. It serves as a guide for any potential employers when they want to hire any form of human resource. It mandates them to put in information in the contract like working hours, the wages amongst other things that need to in line with the government policy. Failure to adhere to this leads to strict and substantial penalties.
As a potential employee to a particular company, you should always be keen to check on the local regulations or for specific requirements by the specific company. You also need to understand things like non-competition clauses that may be in your contract, such that everything is clear to both parties. You also need to know how to handle disputes when they arise and picking your battles wisely.
The workers then got to enjoy the various improvements in their workplaces; better job security, insurance facilities were implemented amongst many others, creating a steady rise in employment rates in China’s population of 774 million people, up from 730 million in the early 2000s. With the China employment law offering direction to the employees, an influx of foreigners moved into China as the conditions for working improved. Since the labor laws also applied to the foreigners as long as they have a relevant work visa, they got to enjoy similar privileges as the natives. Failure to have a relevant and valid work permit can also lead to substantial penalties imposed on the individual by the government.
Article continues after jobs recommendation
With an estimated 700M currently living in China, employment in China for foreigners is slowly on the rise. With some of the jobs available in China to foreigners being teaching jobs, many people are getting to leave their countries and coming to work in the booming Chinese economy. For example, an English teacher who earns a monthly salary of $3500 US Dollars with added benefits. Some institutions even cater for your flight and accommodation while you are in the country. If you are not interested in settling in the country for a long time, then the tons of contractual opportunities are bound to satisfy your need for a job and your skills will be put to good use.
Considering that China is still a developing nation, the cost of living is till significantly low. Hence, one would be able to save on a lot of their salary while still living comfortably. Other jobs would also be working in factories or one coming as an expatriate with a particular Non-Governmental Organization. This steady rise in the employment of foreigners is a result of the inception of job agencies online and even in some of the countries globally. One can also get to contact a particular company on some of the online platforms such as LinkedIn and Facebook, and you can find yourself landing a good job with a very competitive salary.
With the implementation of all these government laws, policies and adhering to global labor laws, the China employment rate has seen and is bound to continue seeing a steady growth. However, there is still a lot that the Chinese government needs to do to make use of the vast human resource that has going to waste amidst the steadily growing population. Despite all that, the current economic disposition of the other countries globally especially the developed nations like the USA and England, China is doing fairly well. It has established itself as a manufacturing powerhouse, and it is bound to broaden its scope with the trends always shifting.