labor - China faces both shortage and oversupply of cheap labor

When you look at labor issues from a macro-economic perspective, the messages from China can be rather confusing. Howard French of the New York Times warns today of a damaging shortage of cheap labor as its population grow older and older over the coming years.
On the other hand, Reuters points at the graduates of this year, 60 percent of whom might not find a job, despite a booming economy.
Both stories are probably true at the same moment, just as you see similar confusing stories on other issues, whether you write about real estate or human rights. Just talkiing in general terms might be good enough to fill up empty space in print media, you have to be rather specific to make the story worthwhile and trustworthy in the Chinese conditions.