Question 1 ) What are the factors which may have slowed the migration of workers who once bombarded the thriving coastal provinces of China in search of not skilled factory work? Answer 1 . The factors that have slowed the migration of labor are: 1 . Government Coverage that encourage yawning income difference between the urban rich as well as the rural poor in Chinese suppliers. 2 . Reduction of the agricultural tax.
3. The arising development on distant areas: sprouting malls, casing projects, eating places and infrastructure projects 4. The noticeable increase of who acquired moderate-education level 5. Females enlighten and education
6. Youngsters ambitious to get work excluding our factory floor careers. 7. Conversation & Info revolution which will enable many unskilled Chinese workers to bargain and ambitious and looking for more luxurious life.
Question 2 . How can you connect this slow labor migration phenomenon for the concept of option cost?
Solution 2 . Via my perspective and what I understood using this article which the national authorities of China which if perhaps continue to reduce the gap between the urban rich and the rural poor class to satisfy lots of people class and calm her down at the expense in the economic development will enhance the current overall economy system towards the socialist overall economy that is calledвЂќCommand EconomyвЂќ as well as its Main objective is Stability and to obtain social rights. And this can be evident from what government did by slicing agricultural income taxes, the big curiosity to away from the coast prosperity by developing Malls, restaurants, Casing projects and infrastructure projects which inspire the unskilled labor if she is not forced to travel around thousands of kilometers for jobs on the coast. Conclusion: this kind of slow labor migration phenomenon caused generally by the government its prospect cost will probably be high plus the same advantage will be, in which scarcity inside the Chinese labor will bring about increase in workers' wages and thus increase in the products and items prices stated in China and...