Dealing with Scarcity in the Midst of Plenty

Trespassers will be recruited.

Sign on the walls of a software company in India

Finding people [in China] is easy. Finding the right people is harder.1

Andy Cosslett, CEO, InterContinental Hotels Group

Between them, China and India account for 40 percent of the world's population and about the same proportion of its workforce. The size of the labor force is not just large but has been growing at a rapid rate. In 1990, the total number of working-age people (those fifteen to sixty-four years of age) was 768 million in China and 501 million in India. By 2005, China's figure had grown to 929 million and India's to 703 million.2 The number of college graduates has gone up even more ...

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