Is China Running Out of Workers?

Is China Running Out of Workers?

On Friday, Beijing’s National Bureau of Statistics announced that China’s “working age” population—the 15 to 59 segment—totaled 937.27 million last year.  That number, as large as it is, represents a decline of 3.45 million from 2011.  Moreover, the workforce in 2012 comprised 69.2% of the population, 0.6% less than in 2011.

“In 2012 for the first time we saw a drop in the population of people of working age,” said Ma Jiantang, the NBS chief.  “We should pay great attention to this.”

We certainly should.

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