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111 sats \ 5 replies \ @OT OP 4h \ parent \ on: Western Executives Visiting China Come Back Terrified econ
They've been trying to transition to a service economy for more than a decade now. I guess at this pace we'll find out pretty soon.
almost 50% services labor force
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I think they do service differently to the west. They pay low and over hire to optimize convenience. In the west (well in Australia at least) the minimum wage is high so companies can't afford to hire too many employees.
I remember going to this fancy restaurant in Shanghai and they had a waiter stand over every table. I felt uncomfortable, but maybe the locals thought different.
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This looks like some fancy restaurant!