Macau’s $34 billion gambling industry has an obstacle. With 28 million visitors and 21 percent economic growth last year, Macau is confronting a severe labor shortage.
An unprecedented outflow of New Zealand citizens last year for jobs and better pay in Australia is leaving the nation’s earthquake-hobbled economy vulnerable to a labor shortage during rebuilding.
Design engineer Stephanie Thompson quit her job in Australia’s mining industry and moved with her husband to New Zealand to help rebuild the earthquake-damaged city of Christchurch.
Conference Board’s Levanon Sees Labor Shortage (Audio)
Morgan Stanley’s Feldman Sees Labor Shortage in Japan (Audio)