The unemployment rate for urban youth has been climbing for several months. This is due to factors including a mismatch between what graduates were trained to do and the jobs currently available.
Sounds like Chinese graduates are having the same issues as a lot of Western graduates.
I don't know. You are starting to see where education level is no longer providing the premium that it used to in the labor economy. So, you have hazardous jobs with a labor rate assuming anyone can do the job and professional jobs where it was assumed that this isn't the case. It turns out that those hazardous jobs need an increase in pay to attract workers, but part of the reason everything is built in China is because of lower than average labor costs.
If you are a new graduate, you may want to wait for a job in your field rather than take a 996 job at a factory.
At least they won't be suffering under the burden of being both unemployed and in tuition debt. It baffles me that Western universities still demand so much money for what has become a basic employment requirement, and even worse that lots of them are more expensive to foreigners.
Anglo universities, not "Western" universities. Also, mostly the US as other Anglo places have sane state programmes to fund tuition, e.g. in the UK you only have to pay instalments if you're actually earning money. Systemically such a system is much closer to the e.g. German "all you pay is some administrative fees we'll get our money back from income taxes" type of funding.
Not at all all countries do the "everyone should go to college" thing, either.
Similar issues, but rates are different. ~7% vs ~20% youth unemployment rates are very different stories. Right now my corner of the country is practically begging for workers, we simply doesn't have the warm bodies post-covid to fill the open positions. Anyone with a pulse, 18-80, is welcome to work for a decent wage, degree or no, and still 7% of the youngins are not employed.
I'm not an economist, but to me 7% unemployment is bad, 20% is a crisis waiting to happen.
Yet the unemployment rate was much higher during the last recession, we hit somewhere around 25% overall unemployment rate until they stopped counting workers who simply left the workforce.
I remember Spain having traditionally a very high youth unemployment rate, just checked https://tradingeconomics.com/spain/youth-unemployment-rate and it's 28%. Also I remember Swedish youth always struggled and there it's similar to China with 19%.
I guess what is different is that this is new to China. Now you can't get a job when you're young and when you're 35 you're too old to work.
That's really interesting, I hope they can bring those numbers to a better place. Youth unemployment can cause lots of social unrest, especially when there is no plan/policy in place to address it.
Spain and Greece are fucked, yes, structural issues, Italy somehow managed to get back on track. Without seasonal adjustment, during Corona, it was as bad as 70-80% in Greece IIRC.
Three things though that help us soak that kind of thing up: a) mobility between EU countries, b) actual welfare systems, c) not having to pay alimony to your parents, at least not if you're not filthily rich.
I hope the CCP falls and gets replaced by a democracy. I wanna go back to revisit a childhood place for nostalgia purposes, but I can't because I'm terrified of the government.
They've tried to kill me in the past. Maybe they aren't as bloodthirsty anymore, but there has been a lot of Americans with Chinese ancestry that will think they are welcome in China because of their blood, but they get treated as a Chinese citizen in the eyes of the law while simutaneously being mistrusted because of foreign citizenship. What this means is that if you get in political trouble, or just doing something they don't like (like using VPNs to access Youtube or basically any website outside of China), you can be harassed by cops or potentially even get arrested. But if you do get arrested, they do not let you contact your embassy because, again, they treat you like a Chinese citizen, where as a white American will be allowed to contact the embassy. Then, if things escalate to courts, they could prosecute you as a spy, and with 99% conviction rate you aint gonna be getting out any time soon. That's where an actual Chinese citizen benefits, because if you are a citizen, might just demand an apology and let you go. So you get the worst of both worlds by being a non Chinese citizen, and being non-white. Even if nothing happens, they could already put you in an "exit-ban" and keep you from leaving indefinitely with no fair appeals process, for any political reason, or just a mistake in the bureauacracy. As a second-born during the one-child policy, I don't even want to risk there being some "additional fines" that my parents haven't paid off for some reason, which should already be cleared. China has a network of spies in the US, and you never know if someone walking by is a CCP spy while you were talking with friends about things critical of the CCP. My parents have this "Wechat" thing on their phone and they FUCKING GAVE PERMISSION FOR THE APP TO ACCESS THE MICROPHONE!!! Who knows if they have records of an argument about the CCP and my parents were STILL PRAISING THEM and I told them how much I hate them for trying to kill me. And I often have these arguments at home, when they have their phones near by. The Wechat app could've easily sent that conversation back to China and now I'm on their watchlist. Too much risk while CCP is in power.
The thing about being a Chinese-American, is that both shores are unwelcoming. The US is racist and becoming fascist, China thinks of us as traitors. There's no safe harbor. Maybe Taiwan? I doubt that's even safe since China wants to invade soon.
Harvard conducted a 13-year study of popular Chinese sentiment and found 95.5% approval of their government.
If you replace the Chinese form of democracy with the US form of democracy, what will happen when the US popular sentiment is 20% trust in government overall, 20% approval of Congress, and 40% approval of the president?
The article you linked mentioned how that approval rating (for the central government - not the local ones) came to be for rural people: Censorship and propaganda combined with an attitude towards government similar to what you often see with religious people. If something good happens, the big guy far away did it. If something bad happens, it's due to the corruption of men (in this case the corrupt local officials).
Edit: From the article:
“I think citizens often hear that the central government has introduced a raft of new policies, then get frustrated when they don’t always see the results of such policy proclamations, but they think it must be because of malfeasance or foot-dragging by the local government,” said Saich.
Compared to the relatively high satisfaction rates with Beijing, respondents held considerably less favorable views toward local government. At the township level, the lowest level of government surveyed, only 11.3 percent of respondents reported that they were “very satisfied.”
[..] This dichotomy is highlighted by a 2017 Gallup poll, where 70 percent of U.S. respondents had a “great” or “fair” amount of trust in local government.
That was the old name. I think it's progressed to a more complex form. I don't really know though, I think you'd need to ask a Chinese young person, and they have their own internet so that's not necessarily easy.
It's Chinese youth basically giving up on the prospect of the careers they were planning for , sometimes just staying with their parents and giving up on the job search. I think it comes from caving to too much family/societal pressure and instead adopting a "fuck this" attitude. The Chinese term is Bai lan (摆烂)
See also "tang ping" (lying flat, 躺平)
The media environment in China is murky at best so I'm honestly not sure how much of it is a real phenomenon and how much is propaganda of some sort.
I only know about it from bits and pieces here and there, but it's a large soft-style protest where they refuse to participate in the economy as much as possible. When they get a job, they do it as poorly as possible without getting in trouble. If they can not have a job somehow, then they don't get one.
According to google, the Chinese words are pronounced Bai Lan in English.