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But many Chinese cities are still confronting serious labor shortages, even though the holiday ended weeks ago.
The threatened walkout by 7,000 drivers and bus attendants represents the most serious labor dispute stemming from the city's looming budget crisis.
The National Labor Relations Board's request for an injunction was an unusual move that board officials take only when they believe there are serious labor law violations.
The two-day strike was the first serious labor crisis for the administration of President Vicente Fox, who did not use his executive powers to halt it.
But Mr. Panagariya said it was not clear that the Congress leader, Sonia Gandhi, and her son, Rahul, were committed to serious labor and land policy changes.
The bill passed by the Senate this summer is far from perfect, but it restricts what recruiters can charge and would allow guest workers and other immigrants in a serious labor dispute to change jobs and stay in the country.
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"I have and continue to have serious labor-management issues, but we have agreed to put them on the back burner," he said.
The pool of educated, serious, hardworking labor force in Iran is probably the best in the region.
"Indeed, because expectations about reforms under President Hollande are so low, there is more scope for a slight rally if the government starts to get serious about labor market reform".
"If they really are serious and farm labor gets threatened, then anything that automates labor is something that is going to uptrend," he said.
How serious are airline labor problems?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com