Job security and policy matrix in post-financial crisis era

Global financial crisis has been accelerating its speed in spreading from fictitious capital to entity capital, from developed country to newly industrializing economy and developing country. As the enlargement of its impact to Chinese economy, great challenge is to be confronted with. The very first challenge is the increasing of employment risk and the strained relationship of labor relation, which will heavily damage the foundation of social stability. As the saying goes, “employment has vital bearing on people's livelihood”. Under the severe influence of financial crisis, together with consideration of China's current condition, the over high ratio of labor residual and urban unemployment will bring about hardships for citizens. As a result, the gap between the rich and the poor are enlarged. If the employment issue is not practically tackled, the difficulties of other issues will be increased and emergent and contingent instances will become prevalent. To some extent, the guarantee of employment equals the guarantee of people's livelihood and social stability.