10 percent of maids in Shanghai resigned because they made more money trading s
- Thread starter Bogan7
- Start date
down 6.5% tonight
the buyers will be back later again
not a big deal at all
the buyers will be back later again
not a big deal at all
http://www.ft.com/cms/s/2ca3603c-08cb-11dc-b11e-000b5df10621.html
The explosion in day-trading has created some unintended consequences in Shanghai in the form of unwashed dinner dishes, badly ironed shirts and dusty floors. In recent weeks the city has developed a shortage of ayis, the domestic helpers who do chores in the homes of middle-class families, because some have found more gainful employment playing the market.
Sheng Min, who runs a Shanghai agency that recruits ayis, says it started to face problems finding new domestic helpers in April because of the stock market fever and now has 50 per cent fewer women on its books than usual.
"We occasionally receive phone calls from employers complaining about their ayis," he says. "Some of them seem to be more interested in chatting about stocks with their friends than working."
Zhang Wei works most weekday mornings in houses around the city, but recently she has been visiting a brokerage in Shanghai's Hongkou district in the afternoons. "Last month I made almost half my salary from investing," she says.
With an eye on the new day-traders, an advertisement was placed on the Taobao auction site last week selling doctors' certificates for one month off work for Rmb100 ($13, â¬9.70, £6.60). It has since been removed.
The explosion in day-trading has created some unintended consequences in Shanghai in the form of unwashed dinner dishes, badly ironed shirts and dusty floors. In recent weeks the city has developed a shortage of ayis, the domestic helpers who do chores in the homes of middle-class families, because some have found more gainful employment playing the market.
Sheng Min, who runs a Shanghai agency that recruits ayis, says it started to face problems finding new domestic helpers in April because of the stock market fever and now has 50 per cent fewer women on its books than usual.
"We occasionally receive phone calls from employers complaining about their ayis," he says. "Some of them seem to be more interested in chatting about stocks with their friends than working."
Zhang Wei works most weekday mornings in houses around the city, but recently she has been visiting a brokerage in Shanghai's Hongkou district in the afternoons. "Last month I made almost half my salary from investing," she says.
With an eye on the new day-traders, an advertisement was placed on the Taobao auction site last week selling doctors' certificates for one month off work for Rmb100 ($13, â¬9.70, £6.60). It has since been removed.