For example: "a survey of 1,123 manufacturing executives released last year found that 67% of companies had a moderate to severe shortage of available, qualified workers. The report estimated 600,000 jobs nationwide were going unfilled because of a lack of qualified candidates" (Coyne 2012)
Low-skilled manufacturing jobs are being outsourced or are now able to be performed with technology. Only low-paying jobs on the retail level that do not pay a living wage are left "or professional jobs that require specific technical skills with too few people to fill them" (Hasham 2012)
We currently have more than 5,000 openings, tech job openings in San Diego, that we can't fill. There is a severe shortage" noted one California research group (Koba 2012)
Graduates who studied health or education, however, both have unemployment rates of only 5.4%" (Supiano 2012)
Economic Economists prefer to advance many reasons for the push from centralized planning to market mechanisms. First, centralized planning often worked well in the early stages of developing industry, but with the enormous growth and complexity of economies and technologies, centralized planning falls short in taking into considerations all of the variables that may affect the economic system (Alchian and Demsetz, 776)
One way to deal with the problem of centralized planning is that traditional planners make good choices of methods on a local basis, but a market-guided planning system makes choices based on global assessments of importance, overcoming the limitations of the traditional local choice methods. Improving the choices of traditional planners are considered as a problem of bringing more knowledge to make decisions on the individual choices of methods for achieving each task, and this has proved difficult as increasing complexity of the activity requires taking a larger and larger perspective in these choices (Kornai, 78-83)
This further diminishes the returns and the lack of trust the people have on the government. But anyhow the labor market is capable enough to cope with the changing trends but the role of the state of china remains at the back hand in training the employees to perform the basic job roles (Bonacich, 1972)
This intermediate form of command and free economy is the mixed economy that restricts the private ownership of a few firms that represents the sovereignty of the state. The central or the state banks often fall in this category apart from the other major key sectors that are likely to earn the government huge revenues and margins (Elkins, 2004)
This intermediate form of command and free economy is the mixed economy that restricts the private ownership of a few firms that represents the sovereignty of the state. The central or the state banks often fall in this category apart from the other major key sectors that are likely to earn the government huge revenues and margins (Elkins, 2004)
2 Lack of Social Welfare State The basic responsibilities of all the states weather they are function as economically liberal state or vice a versa are to be a welfare state. But under the influence of liberalization the Chinese government tends to disregard the fact that they have any form of private intervention, even thought the minimal intervention clause of the economic liberalization is limited to the trade activities of the state only (Esping-Andersen, 2002)
This implies that it works continuously to improve and upgrade technology. But as a matter of fact the labor market of the china is not trained according to the changes in technology, leaving a huge portion of the labor market unemployed, every time the technology upgrades (Fan, 2002)
Each of the factors discussed above elevates the importance of the state role in the eradication of the social an economic injustice. The importance of the fact needs to be established that the economic liberalization should be spread over all the domains of market and political economy, but the there is a clear cut need of analyzing and understanding the importance of a state as a welfare state (Hopkins, 1998)
Economic liberalization is considered to be the desired state of economy where all the factors of production and the choice of production and productivity remains firm in the hands of the private entrepreneur. The associated terms of the economic liberalization are free markets, mixed markets and positive sum game (Lal, 2010)
As a matter of fact the constitutional name of china chants that it is "Peoples Republic of China." The fact is rather surprising that the people of china lack the basic right to oppose and condemn the wrong doings of the government (Nathan, 1993)
The fact refers that economic liberalization has a positive tendency to increase the overall profitability of the businesses in a way that it end up in a win-win situation. Appling the phenomenon of antecedent consequence model it can be deduced that economic liberalization is the antecedent condition that brings out and about the profitability in a way that the size of the pie increases proportionally and every economic player gets the share out of the increasing size of the pie (Oi, 1992)
Under this type of the political system the state permits the citizens to carry on trade and promotes free markets to a great extent with minimum government intervention, but restricts the activities of the people in the government affairs and proceedings. Keeping in view the government and economic systems of china it has been found it fulfills al the standards of a right winged economy marked by the totalitarian culture (Perkins, 1988)
And due to the dispersed locations of the poor and rural china it becomes difficult for the state to get hold over the entire country's poor population. And the most relevant fact that contributes to the poverty causing inequality in china is the lack of welfare institutes particularly in the western china where approximately 7% of the working population is not contributing to the well being of the masses due to disabilities and another portion of the working age lacks the basic training and facilities to commence the activities as functional individuals (Report, 2009)
Rather that the state's encouragement for the foreign monopolization the stare encouraged the private businesses to first flourish the national market with their products and then granted them subsidies to invade the foreign markets to increase the foreign trade and help the Chinese nation fit in the patchwork of globalization rather that assertively enacting with the state's isolation. Irrespective of a liberal economic system the government of China took into due consideration and control over a few important and rare industries that determines the strength of the government the aerospace industry is one of them along with the national banks and a few other including People's Bank of China, National Development and Reform Commission, Ministry of Finance, and the ministries of agriculture; coal industry; commerce; communications; education; light industry; metallurgical industry; petroleum industry; railways; textile industry; and water resources and electric power (Wang, 2003)
The basic reason why the urban areas are highly developed is nit because the government pays heed to it but it is due to the private investments and projects of prosper people living in the urban part of the country, on the other hand the western part is deprived of the basic facilities to facilitate their lives though ease in getting employment and education apart from the basic necessities. This strengthens the stance that the economic liberalization has made the government of china to turn its eyes away from the allocation of resources to deprived areas and needy people (Zhang, 2000)
The geographical dispersion of the people has resulted in to a great difficulty for the government to approach those individuals and ensure that they are being provided with the basic facilities. This enhances the importance of advance technology to reach the people that are dwelling in the western china and the ones that are geographically dispersed and divided on the basis of ethnicity (Zhao, 1997)