Although I don’t keep up to date on Asian news, I hope to live/work in Asia at some point in my life, so I’m interested in taking look into what’s going on over there every once in a while. Seeing this video really helped me to appreciate how good we have it over here.
Adam Yamaguchi travels to China to look at how we’ve outsourced our unemployment.
Length: 25:05
Content: Video tour of unemployment in China. Factory workers are laid off with no notice from employers and have to return to their families in the countryside when they can’t find work.
Length: 25:05
Content: Video tour of unemployment in China. Factory workers are laid off with no notice from employers and have to return to their families in the countryside when they can’t find work.
via Mish
The last time I went to China was two years ago, and I exchanged $1 for 8 RMB. If I were to go now I would only get 6.8 RMB.
I remember buying a 40 oz beer on the street from a little girl’s kiosk for only 3rmb ~25 cents, but in a bar a few miles away the beer would be 40rmb for a bottle 1/3 the size! No wonder the bar was so empty…