Quote:250000 people is not that much in a population 0f 1.3 billions
Yet it represent a drop of 20% from 67% to 47% between 1987 to 2001. It keeps declining further and further
And correction, I wrote 250,000 which should have been 250 million.Quote:A few people getting richer doesn't help out the majority.
It means more and more people earng higher living standars. Besides, factory managers in China earn wages no more than threefold of that of ordinary worker.
Quote:Which kind of brings up a good point - when workers get laid off, less wages need to be paid, so stock value goes up, and the economy 'improves.'
What does retrenchment has anything to do with stock market?
Quote: A strong stock market is not an indicator of the overall economic conditions in the country, but the level of exploitation.
A stock market indicates the well being of the financial sector in the economy.
Quote:The officially propagated "decrease in poverty" has been nothing but falsification of statistics, by developing new methods of calculation and comparing the new results with old statistics done with old methods.
I'd rather trust World Bank and EIU for statistics.
But in India, as of 2005, they legislate Guaranteed Rural Employment Law, learning from China's issue of development, to guarantee employment in agricultural sector and community development, attempting to reduce the social gap.