China's Looming Talent Problem

1 May 2006 - 8:00am

As the country's economy booms, the number of prospective college- and graduate school-educated employees has not kept up.

"For headhunters [in China], competition...is now commonplace as China's headlong economic growth outpaces the supply of qualified professionals and managers."

"And, while experts warn that shortages of cheap labor threaten the dominance of China's powerhouse manufacturing industries, the lack of qualified graduates could derail longer-term plans for a transition to producing higher-value goods and services."

Source: International Herald Tribune, April 25, 2006
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In short, we’ve seen the last of the cheap oil on which we’ve built our economy, our communities, and our daily lives.