From the New York Times:
GUANGZHOU, China — Just a year after laying off millions of factory workers, China is facing an increasingly acute labor shortage.
As American workers struggle with near double-digit unemployment, unskilled factory workers here in China’s industrial heartland are being offered signing bonuses.
Factory wages have risen as much as 20 percent in recent months.
Congratulations to Obama, the Democrats in Congress, and the criminals at the Federal Reserve! You have created new jobs in China!! In the US, not so much.
And BTW, the Chinese labor shortage and increased wages will increase the price of imports from China thus driving up US inflation rates. When the Fed prints money, inflation always follows.
Tea Party anyone?
