Show the effects in the global pilot labor market

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The rising middle class in China means millions more people are taking to the skies. There's a tsunami of retirement which is now under way in the airline industry. Chinese airlines have raised their pay offers to foreign pilots by up to 30% in the past 18 months. Show the effects in the global pilot labor market. Show the shift of supply an/or demand and explain why the curve(s) shifted.

Reference no: EM13996373

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