China is about to implode as GDP growth slows, debt accumulates and automation uproots the traditional Chinese labor model. Even cutie young graduates from top Chinese universities cannot find a job.
What will happen to China when they have 100 million unemployed cuties? It is not like they can just move to Europe or America like all the other third world people.
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debt isn't real. money isn't real.
Cope chang
>It is not like they can just move to Europe or America like all the other third world people.
? seems oddly specific when Europe doesn't lack man labor
also, source Hans
China’s young people are stressed out. Already rattled by the protracted covid pandemic that has upended life just as the nation’s Gen Z transitions to adulthood, recent college grads are grappling with an increasingly daunting job market. For years, China’s fast-growing economy easily absorbed newly minted degree holders into corporate careers. But government moves to rein in booming sectors including tech and real estate have slowed hiring for those lucrative jobs. Those who do land coveted positions with one of China’s big companies often find themselves working long hours with little job security
One source of pressure is that China is churning out more college graduates than ever. Last year, close to 10 million students enrolled in undergraduate programmes, up 46% from a decade earlier. In June 2020, the unemployment rate for degree holders ages 20 to 24 was 19.3%, compared with 5.1% in the broader economy, by HSBC data. As worries about their job prospects mount, some 20-somethings are looking at alternatives to career paths in business that many grads pursued in recent years.
In a survey conducted by Aurora Mobile, only 38.5% of the graduating class of 2021 was planning to enter the workforce. Some 18% said they were looking into graduate school, while 26% were studying for China’s gruelling national civil service exam. Competition here is fierce. The number of applicants for the exam has surged to 1.51 million this year from 1.28 million in 2016. More than 5.3 million opted to take provincial civil service exams, up from 3.67 million five years ago. But the number of openings has barely budged, and only a tiny fraction are offered plum public-sector positions. The outlook isn’t much better for those applying for grad schools.
Insane that instead of lacking intellects, they're actually having way too many spares
Times really chane huh
I'd take care of her. She could work some meme job from home if it made her feel better.
have they tried learning to code?
Looks like they may have to officially start colonising Africa until the work force at home starts aging to open up job opportunities.
>have they tried learning to code?
Millions have, but there are no jobs in tech.
That already started. I honestly am interested in watching how Africa changes demographically due to the massive invasion of chinese.
They have massive unemployment, housing and wealth inequality problem after Xi came in. Because Xi is so fucking retarded, he resorted to using ultra nationalism to get the steam outside: to Japan, to America, to Euorpe...etc. Instead of actually fixing the problems. Pre 2017 China wasn't as hostile as today's China, but I guess none of you zoomers remember that.
(I'm sure you're an english teacher or military mutt) They are stealing all of your samsung engineers though. In fact, your government is thinking of tracking travel of your engineers and researchers who go to China because of the massive brain drain. There is a reason why samsung foundry is having massive difficulties with advanced nodes.
Holy shit, a million is already a lot. India has been doing something like this for a while, they know Africans are retarded so they go over there and get into positions of power pretty fast. Africa really does just have a history of losing.
Guess what. ALL shit that is happening today, from Covid to unemployment to Ukraine to Syria to Africa, all is routed in one overarching development: automation.
We just do not need people any more for tons of things. And this is absolutely devastating certain countries like Russia and China. And elites know it and are frightened that the people will overthrow the elites.
They still have about half a billion who can't read or write that they have to find a way to feed. China is in trouble.
Pre 2017 China was building up to deal with US intervention. China has been playing hostilities against neighbours for a long time, but in the 2000's Clinton send the US navy through the Taiwan straight to make a statement. They have done it again and now China is powerful enough to ignore them.
Holy shit the english in this post is chink level
Sha bi xi jinping
>They still have about half a billion who can't read or write that they have to find a way to feed.
Hello 1987. How do you post from a 286 Intel machine into the future?
China just found out that the military tech they either bought or stole from Russia is junk. So there is that too.
Yeah because the average American is such an intellectual
Automation is fucking going to wreak havoc on all economies and already has. And governments do nothing. Fuck this gay world Yang is right and so is Ted K.
we will move to germany
that's a really retarded post