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Lou Jiwei: current labor contract law is not conducive to improving TFP,basket louboutin
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50 Chinese Economic Forum Annual Meeting 2016 was held in Beijing today,chapeau polo, the Minister of Finance Lou Jiwei,new balance en madrid, speaking on the subject "on the improvement of labor market flexibility and total factor productivity."
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Lou believes that there is a problem existing labor contract law,nike air max ltd femme, for lack of business protection, such as the signing of long term contracts, not suited to our export-oriented, manufacturing-oriented enterprises, to a certain extent on the flexibility of labor market rigidities; and wages rigid growth and so forth, so that wage growth exceeded the growth rate of labor, not conducive to improving productivity,doudoune moncler homme, weakening the competitiveness of our country - all these, ultimately hurt the interests of workers.
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The following is the full statement Lou Jiwei Record:
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Mr. Lou: My speech topic is on the improvement of labor market flexibility and total factor productivity, with the title and I do not,scarpe golden goose, I'll talk about in front of. 1981--2012, China, the United States, Japan proposed TFP contribution to economic growth rates were 40%,piumini moncler, 34%,escarpins louboutin, 43% and 35%,peuterey outlet, we are higher than Japan. We see a number of international labor productivity stagnated, there are a number of countries, we believe that is not OK, in fact, increase or very fast,louboutin à bout ouvert, such as Japan, Japanese 1995-2000, 01--05 years, from 06-2010, total factor increase productivity to enhance economic growth was 30%, 66%, 70% of Japan's total factor productivity continues to increase. Our new normal, total factor productivity. We say that the labor contract law may be problematic, reflected on Labor Contract Law on the constraints, legislative and judicial level, and ultimately to a large extent reduce the flexibility of the labor market is not conducive to TFP, eventually leading to labor low.
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The first is the current employment system from labor productivity, wage rigidity increases. The last decade,golden goose sneakers, especially in the last eight years, wages over labor productivity twenty-three percentage points,exte occhiali da vista, making us increasingly less competitive, in fact, OEM system is flexible employment, long-term development impossible. Distortions caused by the law,louboutin homme, so that in this regard the employment system, so that productivity greatly exit. We always talk about wages, but retire early.
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Then the performance of it,spaccio woolrich milano, there is a respected business costs change,louboutin talon compensé, must sign long-term contracts, if I did not order me to leave, there are orders and then move back. A further new entrants into the labor market decline in the labor force, is very damaging for the low-skilled labor.
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A further reduce willingness to invest in human capital, companies need to pay a lot of training costs enables non-technical employees to become skilled workers. Now businesses need most is technical staff, business staff to cultivate his left. If the company let him go to pay a lot of costs, so difficult to recruit skilled workers. Wage growth reduces the willingness to invest in the labor market. Student dropout rate rises, the workers do not want to give up the training of current income, so the workers out of the labor dispatch system. The enterprise should pursue collective bargaining.
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How to do it? I think the next step should be to ensure that the flexibility of the labor market, then there can not say on the one hand is the result of the labor contract law, the possibility has not settled,adidas france, the companies do not want training. If there is power, it should be combined with vocational training and business, so can improve labor productivity.
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