China’s Unemployed Youth: Why There Aren't Jobs For New Graduates | Money Mind | Full Episode
One in five young people in China’s cities is unemployed - and the situation is expected to get worse before it gets better. Why can’t China find enough jobs for its youth? If the city is lacking job opportunities, could the countryside offer greener pastures? Plus, meet China’s “full-time children” - young people finding job options closer to home.
0:00 Youth unemployment in China
9:03 Seeking opportunities in rural areas
14:55 Working as 'full-time children'
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during interview: - when you got cert but no experience, they wont give you high salary - when you got experience but no cert , they wont give you high salary. - when you got both cert & experience, they say sorry, We cannot afford you.
now almost every true private company there are very close to bankruptcy or in heavy debt… they can’t expand…so they just refuse everyone
That's super true in small private companies. In big companies they just dump money into hiring "shoe polishers" we call here in SEA who smooth talks their boss and put a strangling KPI on their subordinates, asking them what did u even learned in Uni. In some other cases, the executive role of big companies are not that skill intensive but they get high pay. Imo they labour market and the whole economy is not balanced. The previous generations' competition for capital has ended and solidified into a scary economic imbalance.
@@MonkeyScithen why they open positions you mfer!!? Retardest HRs eleminate the engineers it is mind blowing.. who the f they are they? only knows how to drink coffe and suck bosses big fvckn dirty D
Who you know is more important.
It took me almost 6 months to get a job here in Australia after graduating and we’ve been told there’s a labor shortage. I can’t imagine how hard it would be for fresh grads in China. Especially because companies are super picky and only want unicorn applicants who can already do everything and will accept low pay 😂
没有那么困难，这个媒体夸张了
@@user-lx8sw2jv1w 对, 中国肯定没有青年失业问题, 只要不发放数据, 就等于没有失业问题
What I hate is how many jobs in this world can take a person a week to get trained on, and a month or two to get used to dependently or independently. I'm not one to say college is overrated. I find it both to be overrated and underrated. On one hand, yes, it's important because people can put their years of hard work in this world. But at the same time, when you have the advancing and aging West and East Asia, a lot of these countries need to break down that barrier and train and use a lot of the younger populations to their abilities.
What did u study?
@@user-lx8sw2jv1wUnless you're already have strong connection with rich CCP official, of course it's easy to find desirable jobs
My friend got a degree in Egyptology but can't get a job. So he's paying more money to get a PhD so he can teach other people Egyptology. In his case, college is literally a pyramid scheme.
A lot of majors are pretty much operated this way. Archaeology, Language Studies, Humanity, History, Sociology, Physics, Chemistry, Mathematics etc. There aren't many job opportunities outside of Academia.
I never realised there is such course like that😅 How about Americanology🧑🎓
😮
Ha ha ha good one ;-}
@@aungmyintoo4635 its an internet meme
What I hate about some entry level jobs, and this applies everywhere, is that search for employees with "experience". Take note; I said entry level. Meaning this jobs usually are reserved for new graduates or inexperienced newbies. Entry level refers to the most basic position in the company. And some companies tend to want a minimum of 1yr job experiece for an entry level job that you could easily teach to an inexperience hiree.
Actually this is a sign the country economy not doing well. The unemployment are high that's why company start asking for work experience as they get too many candidate resumes.
True like 2-3 years...
Yeah, that's all BS and you just have to stretch the truth and make some things up. There is no longer room to "play fair" in today's job market. Your goal is to get that first interview above all else. Your next job is to appear confident and to know what you're talking about. If you tell them what they want to hear, they will believe you have 2-3 years of experience even if you have zero. The game is to beat the interviewer by being smarter than them.
To most parents, hearing the government telling their young to go the rural villages this brings back memories of the cultural revolution era when they were forced to go to live in the countryside. Telling university graduates to go live in rural villages is like saying !iving in poverty is a good life experience.
Nobody likes Chinese people so their misery is a human success story.
At least Chinese are smart enough to stop increasing surplus population
It really depends. I genuinely do feel that small towns and villages in China have more opportunities for young people to start their businesses than first tier cities like Beijing or Shanghai. Not only the competition is much fiercer and the cost much higher in large cities, and also large cities are more strictly controlled by the government, there's barely any room for small businesses. And not to mention that the air quality and environment are generally much better in small towns and villages. Hence I'm not so sure to say that returning to smaller towns or rural areas today definitely means living in misery.
Going through adversity is a good life experience. Let's not forget, rural China has a higher standard of living compared to large parts of the third world. It's not exactly poverty. There is food, shelter, electricity, internet (generally), and running water.
@@weifan9533 what most young people want is to work in tech/it/finance/ and other white-collar jobs. Not everyone can start a business and not everyone should. going to the rural village will cause a significant gap in your resume and in a highly competitive job market, like the one you see in china, that will make you unemployable. Not only that but the income in rural area is very low compared to the cities and the consumer base is old people. You are not going to have many opportunities since consumers in the rural areas are poor and old. They wont spend much.
In Singapore people has studied law, and went into show biz. From the banking sector, and decided to run their fathers food stall. There was a case of an engineering student, who became a pharmacist salesperson. People have gone into in tertiary education not knowing what they really want to be. At job interviews, there only have paper qualifications. The spark isn't there.
Singapore needs China for jobs. Singapore got bad relationship with China after stealing so many money from Hong Kong
Atleast you can find a job in Singapore easily Unlike china where you will take 2 years to even find a job who pays good salary
Yes, it's a demoralised work force. When you're so empty and unhappy, the money will always be hollow.
An ugly truth many pretend not to see is that high-wage jobs are invariably rare and becoming increasingly rare thanks to robots and AI. If you get a high-paying job, it only means someone else has lost it.
the "full time child" phenomenon just seems like the family is independently wealthy so its members don't need to work. the only difference is the trendy new name.
What I love about this video is how it offers a solution.
My family has a family friend who goes to XiaMen University; and when we visited the college with her, she said that nowadays, even people who graduated from prestigious colleges like XiaDa can't find a job after college. Her husband is ESPECIALLY lucky to get a job as a research on campus bc her husband's professor looked out for him and specially reserved a spot for him on the research team. Everything needs connections nowadays and they were lucky bc her husband had strong connections and that professor has great faith in him
basically ordal is the way sometimes in these times haha, ordal means connection in my country, basically nepotism ish?
@@feliciaf8 yep
@feliciaf8 although my family friend actually came from a lower class rural family. He worked his way up and gain his professor's trust in his ability. Its rlly not easy for him, a poor rural boy, getting into such a prestigious uni bc XiaMen is basically like Yale or Stanley etc in China.
You talk about luck, but perhaps her husband is just way above average and that's the reason he's got the opportunity.
This is true Everywhere, every country, every era, every culture, You either have to be exceptionally talented or you have to have connections with right people
There are no dreams, but the reality of this fallen world😢
The work culture in China and a lot of other Asian countries are very toxic because there are so many competitions that if you don't want to do overtime, then there's millions of more people who are dying to take your position to do overtime for free. The younger generations from China setting their expectations such as there shouldn't be overtime, and if there is, the least companies can do is pay overtime, is very reasonable. Companies are trying to take advantage of these new graduates seeking for experience, and that's why they lowball them and undersell them of their worth and skills. It's the same thing in the United States too. Companies take advantage of young people and set the salary very low because they know these people are desperate for experiences in the work field, and that's just such a scummy move. Yet, how do you expect people to live off of those wages due to inflation? You're practically forcing them to become homeless or sell drugs to make a means to an end. It creates this paradox that companies don't care about their employees so their employees don't care about companies either. It works both way. If you don't take care of your people that are working for you, how do you expect your business to flourish in the long term? Secondly, people need to not chase their dream because they need to be more realistic and logical about the current society's demand. Yes, it is very important that you choose something you genuinely enjoy to do, but it's also very important that you choose a skillset that's viable or in demand of current society (i.e., software programming, big data, A.I.), etc. If you want to do something such as theater art or some kind, that's not very in demand of advancing the current society with their technology, and reality will kick in really fast. Because when you chase your dream, that's how you end up homeless. So you meet somewhere in the middle that people often end up with a job they don't like or enjoy, so you can use that money on the things you do enjoy or make you happy. That's the key here. Telling your kids that they can be the next Leonardo da Vinci and will paint the next Mona Lisa is just unrealistic to modern society. I'm not saying it's not possible, but it's very unlikely and unrealistic because the chances of failing is way higher than succeeding. So, you need a backup skill that can support your daily necessity while you chase your dream such as becoming an artist or musician and whatnot. You still gotta eat and sleep and need a roof over your head. And this is what I mean by working a job you hate so you can use that money to do things you love. And many people don't seem to understand that about life, and have this false expectations of landing a job that they also love and have good pay with perfect time and everything. Most of the time, life doesn't work that way.
Too long.
The truth is that there is no work culture in China like in Japan. Sure they don't go home early but they don't work either. The girls are on QQ and the guys are playing games or swapping porn with their mates. I consulted for a Japanese company in Shanghai and spent most of my time translating. The Chinese and Japanese were able to communicate with me in English but the Chinglish was a mystery to the Japanese and the Jinglish was an information black hole for the Chinese. Incidentally, my Mandarin was better than the majority of Shanghainese were able to speak. Most of my friends could speak better English than Mandarin. Shanghainese sounds closer to Japanese than Mandarin or Cantonese. Contrary to popular belief, Mandarin is very easy to learn to speak. Like all new languages, one should learn to speak before trying to read and write it. There are no tenses to learn and the open sounds are similar to Italian, (in Beijing they even trill their r's), and Polynesian languages. Generally, the grammar is similar to English and one does not need to learn endless rules so even Americans can learn it; a low bar indeed!
Yep, I very much side with you. Personally, I'm interested in the Arts and creative field but where I'm from, that degree offers nothing. Especially because I come from a middle class Chinese family. Thus, I decided to major in chem engineering because of the higher employment rate in this sector as well as the pay. It is difficult and not what I had intended to pursue but when you do see it beyond calculations, analysis and tons of mathematical equations, there is just as much beauty in it. Also, the idea of pursuing one's passion with no regards of actual financial problems is too idealistic, I feel like. Yes, there are people who succeed against the odds but the percentage is much smaller than those who failed and are now working paycheck to paycheck or, much worse, living off of their parents' pensions.
Nailed it!
But I would also say, don’t go in to a field that’s trending just because it will move society forward “AI” “information technology” because these fields will usually have a lot of competition.. sometimes something more obscure like petroleum chemist which people thing is a thing of the past might have more demand “pay” on employment because nobody chose that route in education
I live in U.S. and Taiwan. American and Taiwanese graduates also facing unemployment problems ! My daughter graduated from Harvard Master degree still waiting for job !!! New graduates unemployment is world problem ! After AI robots become popular the World will have to face more and more unemployment !!!
The world has to face more and more problems. Unemployment is NOT the problem. The expectation for 'job creation' could become a problem, or could cause other actual problems that are more severe, and are detrimental on a wider scope.
Exactly @@wip1664
No jobs means no love relationship means no marriage means no children means depollution 😢
I see that as a win 🐷
@@theMiaow It's not. You are screwing over yourself. The low birth rate means a lack of manpower to take care of the elderlies in the future. And here's the kicker: you are going to be that elderly in the future
Depopulation. It might have effect in reducing pollution too
@@rg9448 No it won't. That's extremely ignorant of a view. You are forgeting the world population is actually still growing. And will always continue to grow. Please don't confuse a specific country's birth rate for the world's birth rate. Plenty of 3rd world poorer nations are still pumping out babies like nobody's business. Furthermore, slowed aging and improved healthcare are causing elderlies to live longer. These two factors have resulted in the world population growing rapidly. You can just type 'world population total' in google to see the clear upward chart. In just a span of half a century, the world population has more than DOUBLED, and this will continue going up and up unless WW3 breaks out or something
the same as in the USA too. The richest are still the US globalists not majority Americans.
Not only in China
USA student debt leads the way I bet!!
@@Libra_StringsUS government plans to waive them all
Also closer than we think, but under reported
Want job that means u need to start kicking old people out
@@Libra_Strings China has higher youth unemployed rate than USA and that's a fact ANTI AMERICAN PEOPLE CAN DEINED THAT lmao
Her parents are great and patriotic.
This is the reality of this modern world. Not everyone could be given a job they dreamed of.
Chinese people are greedy. They will be most happy being a plumber or a farmer
Nay. It is about a state in not capable hands. That's all. Xi's still doesn't have anyone who can handle anything, even its coming wars. Hard truth. While in Singapore... ... it is now a big mess. Come on, our graduates are on TV 'cheered' by Josephine for driving buses, wasn't it??? While Shanmugam's son at SLA looked at his father moving into 'danger ridden' so said online 0.11ct/psf landed state property... ... citing also refurnishing... ... Waliao eh... ...
It's happening all over the world.
Makes perfect sense to me. Parents pay everything to raise the child, and now pays the child to help out in the home. What a heavy burden on the child! Surely we must appreciate that.
higher education doesn't mean you are successful like in the old day with the American dream.
the same as in the USA too. The richest are still the US globalists not majority Americans.
This is the repeat of world history where back in the old days the Chinese in China cannot find jobs/opportunities and famine had to go to all over the world to find jobs and a better life. Now its all over again in China where many have degrees but lack of jobs have to migrate and take jobs from overseas.
Not sure if this is sarcasm, but I sure hope it is. Being housed and fed by your parents when fully grown is seen by most as losers, at least should be ashamed.
definitely sarcasm.
The United States is suffering the same crisis. The college degree dream was sold so well to the public that we now have graduates stuck with mediocre jobs and a ton of debt. What a world to be living in.
It truly is impossible to have a video about China without the comment section being full of comparison against the US.
@@tijldeclerck7772 The video is ultimately about college educated youth struggling to find a job, when you learn that the entire world doesn't revolve around one country than you will see why comparison is necessary.
@@tijldeclerck7772classic whataboutism. Like if there was a serial killer in China the comments would say yea but there were two in the US.
@@kevinsouza7744This issue is happening in multiple places. The difference is scale. No place has it as bad as china. Maybe Japan and Korea comes close with their super competitive work culture and stringent criteria for career prospects. But I don’t think they have the youth unemployment that’s as bad as China’s
I feel for you. China young generations still better than US young generation in terms of education debt. They don't have to pay the education dent as they are not exist, most of the parents will pay for their children education, so the burden will be reduced more. But they still feel jabe to find a hood job with decent or higher salary or income to pay back their parents "investment" for them in education.
It's more because of mindset rather than anything else. Most Chinese parents, particularly those from Northern China and from large 1st tier cities, want their children to have a high degree (master's or doctor's) so that they could get a high paying white-collar office job, but there're limited positions for such type of jobs hence the competition is quite fierce and a lot of new graduates cannot find their desired white-collar jobs. On the other hand, China has a lot vacancies in terms of other types of jobs, such as mechanics, electrician, plumber, factory workers, farmers, etc.
nothing to do with that . its happend all over the world
China should stop pressuring kids to take the GaoKao and go to university as if that is the only path to success. So many people after going through Gaokao and university hell are of course unwilling to take blue collar jobs. If the country just told their students to take the trades path and remove the stigma surrounding it they wouldn't have this big of a problem.
@@stephenlee3911 I come from such a background and I probably know it better than you. Chinese parents really need to change their mindset and expectations, they really need to give their children more freedom of choice and stop forcing them to become a white-collar office worker, teacher, or doctor.
you dont want your kid to get high paying white collar office job?
@@MDotA8601160 In some cases workers like mechanics and electricians are also paid very highly due to there being a massive demand for them. This is the case in Germany.
The growth of rural areas around the world is the new trend. This is true global development.
You are joking
@@sps6 U have been brainwashed by Western media LOL
@@sps6 no
@@feliciaf8 then you are a very serious joker ..
@@sps6I agree withvyou, rural areas are dying..its all happening in towns and cities. Governments want us out of rural areas..
I graduated 3 years before my same age peers, did a double degree and two internships. That flexibility still made it hard to land a good job because it was close to 2008 economic crisis. It was crazy how I went to elite schools all the way and had a stellar resume with many leadership positions. I never knew that job hunting would be so hard, it’s like being asked to prepare for it all your life and you got thrown to the wolves anyway. My friends who graduated closer to the crisis, all took 6 months to 2 years to land a job. I helped them with resume writing so I know mine is superior by far but theirs is above average for sure so I was shocked how hard it was for them. I don’t blame any job hunter for being disillusioned and depressed, low pay high expectations is just insanity.
AI is wrecking havoc in the tech industry. A lot of the basic coding or video/picture animation is now taken care by AI rather than fresh graduates. In the past, the new graduates would enter the job markets doing the basic work but now they are kept out of this job opportunity.
I think most parents would rather have full time children than professional caregivers.
A lot of this mess would be solved if we were to give occupations that don't come with a shiny college degree the respect and the opportunity for improvement they deserve. College should only be for people who genuinely want to advance in a field and to put the work for it. It shouldn't be seen as a semi compulsory continuation of high school.
So there is jobs, but the education is way higher than these jobs, so the problem is mismatch between education and markets needs. The youths are TOO EDUCATED😢
It is mostly people who take mismatching qualifications suffer. No one wants blue color jobs. So what China need is to import some migrants to do blue color jobs and the Chinese design and sell new products or services to those immigrants which is the only solution.
The problem is the new high tech software jobs require not many people to do it. but the traditional and essential labor-intensive jobs need huge labor workforce which the youths today may not want it. Mindset attitude and technology advancement play a part. The DEGREES are just not in line with INDUSTRIAL NEEDS which are the job that are not GLARMOUS.
Yea the education system did failed to identify student's passion and talent, then adequately prepare them for their future. My mom and dad's generation used to have this apprenticeship culture where u learn a craft from a master. Rough that u get scolded and doesn't get a good pay but at least there's this process of equipping people with proper knowledge and talents needed to succeed. You can say it's something like being the helper of a sushi chef. But companies and businesses nowadays are too eager to expand or don't have the luxury I guess to have a proper job onboarding process.
In India where parents want their children to either be engineers or doctors resulting in a surge in graduates popping out from various universities nationwide unlikely to find a decent job related to their specialization in a highly competitive market. Either you have a competitive edge or lose out from your counterparts.
India so many children. 😂😂😂😂😂😂😂😂. It call Karma
Either you need to have somebdy to help you or graduate from a top tier institution or else u areleft out ..... #indian scenario😂😂😂
This is my first time knowing the concept of "full-time children". I think this is a good idea to earn money. In addition, I believe that they want to find decent jobs in big cities, but they are failing, but at least they don't give up on doing something in their lives.
But What happens when their patents pass away with no savings left?
It’s a good solution for those whose parents can afford to pay them a good salary. The example shown in the video, the parents are retired but still able to pay their daughter a good salary, meaning they are pretty well off financially. This is also opposite of Chinese cultural expectations where the children are expected to support/care for their parents. Yes she is caring for them, but they are paying her. This doesn’t work for poor/middle class families.
@@ChampagneandWaffles Mother's don't accept daughters without money. Is ingrained in their thinking to throw the daughter away. Same in Europe. Many man
I run an engineering firm for past 21 years. Truth be told, we no longer hire fresh graduates since 2015. All paper without any substance. Degrees are no longer recognized.
The property market has no relation with job seeking salaries. It is a mismatch. SAD isn't it😢
8:26 NO! We fufilled on our end of the social contract, no pre-marital babies, no serious crimes committed, focus on education. Now you fulfill your promise of high paying salaried position in air conditioned offices with work-life balance and retirement pension fund. The youth of the world are watching. Do the right thing!
"Could putting roots down in the countryside be the answer...?" It really depends, a lot of young people want to be in the trendy and hip districts of major cities, that's why you see new graduates seek jobs in major cities. In a practical sense, going to the countryside is better economic wise.
I am 77 years old. I did business substantially when I was young with Germany. I had noticed in the past and I guessed it is still so. Most German high school graduates take up apprenticeships instead of going to university to obtain degrees. They climbed from low positions to become Presidents (now called CEOs) of huge German multinational corporations. Perhaps we should learn from them.
Lucky for them there is a chance to climb up the stairs, imagine if you have to work OT everyday without been paid. With all the good opportunities in major company are taken by the people who has “ connections “. You may want to calculate your future prospect and decide otherwise, it’s unfortunate.
all due repsect considering your age...you mean we need to have a country full of diplomas?what works for germany might not work for others
@@sps6nothing wrong with diplomas. Diplomas can also be high quality workers
Germany has a long tradition of engineering, technological innovation and passion for quality. Thus the overall respect towards engineering and technology by German society overall. Japan learned some of that after Meiji and WW2. Not many countries have that kind of long fine traditions that will benefit the country and generate real long term stable wealth that is well distributed across the population. Now you know why these are all German - BASF, Siemens, BMW, Bayer, Bosch, SAP, Continental etc etc...Somethings are cultural - difficult to replicate...
I am glad to see your comments. My statement is only my personal observation. Germans really do not care for Ph.D. , university degrees, not to mention diplomas. Right after high school, they work as mechanics, clerks, junior accountants, warehouse workers….. on the job training with a modest salary. We tend to think the top man of German automobile company should be a mechanical engineer, BASF/BAYER a chemist and so on. But a good finance controller could be the top man in German automotive industry while a clerk could climb to be the top man of chemical conglomerates. In fact, they could climb from every low job. The ambitious guys learn on the job and improve by taking lessons provided by the firms. Young folks with university degrees always expect high positions and good pay jobs. They look down on manual and tedious jobs. My own son, graduated from top US university as the best in his class/year. Worked as Investment Banker for J.P. Morgan on Wall Street. He was also inducted by Phi Beta Kappa Society, earning salary envied by his peers. After 23 years, his high school classmate establish his own business from a street vendor to a big success, while my son is still a salary earner. I love my son dearly, wealth is not a concern. But I want to encourage young folks to stand solid on the ground, not to be carried away by university degrees.
Common prosperity... china style....hats off to CNA for doing a truthful doc...its pathethic that after studying so hard you end up in rural areas...will officials send their own children to countryside??
CNA = China News Asia. 😂. How dare you report the bad things of the strong country( 强国）and offend the mainland cheenese in Singapore? Says Emperor Xi Jin Ping😂😂😂😂
What’s that saying about the definition of insanity? Ie doing the same thing over and over and expecting a different result? In the case of listening to the CCP government, I hope that China’s younger generation can finally realize they’ve all been duped for years, and it’s time to think/plan for themselves . The good honest people of the mainland do not deserve another GLF or CR. And they certainly do NOT deserve the government They are stuck with at the moment.
a lot of universities are for-profit businesses/hedge funds marketing themselves as academic institutions bridging the gap to job readiness.
Curious about how CNA will describe/call the young generation in China under current severe employment market environment?
when CNA is going to produce an episode tackling SG young generation unemployment situation?
I can't wait to watch a production by CNA
Got grabfood for them😂😂😂😂😂😂😂😂😂😂😂😂.
@@KJMD27good. Then PAP will sent CECA. Malaysian. China citizen back home
This is the repeat of world history where back in the old days the Chinese in China cannot find jobs/opportunities and famine had to go to all over the world to find jobs and a better life. Now its all over again in China where many have degrees but lack of jobs have to migrate and take jobs from overseas.
Not allowed 😆
can go back to rural areas to grow vegetables for green movements... does not mean need always go to cities to work in office jobs...in my own opinion
Getting a job now a days is more about connections than a degree especially in China
😂😂You are wrong. Many jobs in the West rely on recommendation letters. You must not understand that the form in foreign countries is actually the same.
@@semanadelherreroso what he said is correct!
Full Time Children, What a trend 😊
1:37: 📉 Youth unemployment in China is at a record high, with one in five young people in Chinese cities out of work, due to factors such as economic slowdown, limited job creation in high-tech sectors, and regulatory crackdowns. 4:59: 📉 China's youth unemployment rate is increasing due to a decline in available jobs and a mismatch between salaries and living costs. 11:11: 🌾 The Chinese government is investing in rural revitalization, aiming to improve infrastructure and bring urban comforts to the countryside. However, young people may not be willing to give up the modern comforts of urban living. 18:21: 📊 China's high youth unemployment rates are influenced by factors such as the availability of housing, mismatched expectations, and the impact of the pandemic. Recap by Tammy AI
Full time children is really bad in disguise. The child never leaves the nest, never endures real hardship in the real world, never gains real world experience with strangers who won't coddle and shelter them. Yes, it's comfortable, but it lacks purpose and is constantly draining the parent's wealth.
I am living in Beijing and I interact with many young Chinese. It is very sad what is happening to them, the education system is a disaster, they literally have no social skills, no critical thinking skills and not even basic understanding of cause/effect. Then, you have the family, a Chinese kid doesn't even need to clean the table after he finished eating at home. They spend an enormous amount of money on the kid to keep up with the society and finally we have the government who tells them that China is becoming the richest country in the world setting plans to overtake US and Eu etc setting unrealistic expectations in the minds of the Chinese youth. Imagine when they graduate from University, the reality kicks in and find out that actually they can only make 400-500 usd, they need to live 3 or 4 in one small apartment to be able to afford it, and the work relation between the boss and the employee is similar with the relation between master and slave.Keep in mind that in Bj for example a parent spends 1000 to maybe 2000 usd a month for a kid( school, clothing, food, extra classes, holidays) and that's an average family.
Hence they are useless to companies
No way college grads in BJ make only 400-500 usd 😂. Even factory workers make more than that. It’s pretty easy to get 2k usd monthly salary as a fresh grad in BJ, and for China’s price level it can offer a decent living standard.
If they get a good job, yes@@dengist8172
@@dengist8172 I'm originally from shanghai, my relatives there are saying the wages are falling for university graduates. Blue collar jobs has been making more money the new university graduates for a few years now. Lately, companies are even offering 3800 RMB a month to uni grads, that's impossible to survive on, but they can do so because Shanghai need graduates can live at their parents home, so they are willing to take such a low wage.
maybe you just need to talk to people in the workplace instead of spoiled children.
I almost have a Ph.D. A job is still not guaranteed for me either.
Your problem is you are too expensive
@@koruspring1519damn true.
And your own school wont hire you.
@@koruspring1519 I'm not sure what you mean
@@sleepyman6598 I need more than a PhD to get hired, apparently 😂
1:15 Are you tailoring your resume for each job posting? Is your resume ATS friendly? If not, that's why it falls into an 'Abbys'.
As a foreigner working in China I can guarantee you that a lot of Chinese are struggling now. Me and my boss has really good relationship, he fired some Chinese workers and ask me to start doing half day work instead of full day.
In which city do you work ?
It's ironic that the Chinese youths are shunning manufacturing jobs today, following the footsteps of Western youths 20~30 years ago when many jobs were outsourced to Asia. The problem with rural area has nothing to do with living a hard life. Rural areas simply do not have the market to absorb any new products/services.
One chinese professor put the unemployment rate in china as more than 40%...Not 21 %.
Makes sense
Can you trust CCP's statistics? Its likely more than the official figure
Learn English, learn tech and emigrate. So many high paying tech jobs in Silicon Valley, most of them currently going to Indians, as they speak English as a second language.
Same in Ghana. It's a global issue
2-8-2023 Even U$A credit rating also downgraded to AA+ from AAA Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government's ability to pay its bills.
Economy is different today, employers will fire or layoff if you can't perform and don't want to have to train, they are cost cutting. Employees have to prove their value and achievements twice a year or even quarterly.
Youth unemployment is normal in many countries. Italy, for example, have very tough youth jobs problem. Youth has no skills yet and companies have to take a chance to train them and pay them higher salary. In a tough economy, companies have to be frugal. The youth have to find lower rank jobs first before they can find a job that matches their skills. Youth have to be patient as the working life last 40-45 years. A few years of dislocated jobs is not unreasonable. In Asia , starting pay is low for new graduates .
Singapore is different. Our employers like young meats. After 40, it is very hard to find or change jobs.
I read Italy does not have enough people to work for blue color job. Further, Germany and Netherland struggle due to skill shortage, so if Italians are skilled, they can move to Germany or Netherland as they have free movement within EU.
Further, the current problems in China also contributed by the government policies. For example, the government cracked down on private tuition. It was a big business in China, many lost flexible jobs due to it. There was tech crack down, long COVID lock down in China, this all have effects on employment.
The food she made looks good!
This unemployment is happening in my country Philippines. Workers here are applying for work in another country. Our only advantage is we speak the English language.
Unemployment in our country is already declining(i think it's somewhat 4% in May,2023), because of Demands of Filipino Labor abroad, as well the increasing investments in several sectors, the main problem is Low Minimum Wages for local jobs too low for a Cost of Living Expenses, folks would rather be unemployed than work for a very low. wage. Many opting on going abroad where pays are higher than in the Philippines, especially those nations with Labor Shortage, fortunately Filipino Labor had a good reputation abroad and they're in demand worldwide in several sectors.
English language my dear is not guaranteed as to get one a job...its a plus though. One has to have a skills..even applying for being a househelp...gosh
@@marialorenavillanueva5342 granting you have all the skills how will you able to communicate if you don't know the English language.
I don't see the job of being a full time child being realistic or popular, at least from my own observation. The girl in this video is probably an influencer who earns couple times more from social media income than from her parents.
She’s NOT A “Girl”--She’s 31-fricking-years-old! (I would be SO EMBARRASSED not to be married at her age, while behaving like a 12-year-old)….Look at her parents: babying her, pampering her….PARENTS FAULT.
Yeah she is an influencer. Full time child is just a glorified ma1d job and what exactly is their plan if their parents is taken out of the equation when inevitably d-1e?
@@zerohero5753 She’s too OLD to be living with mommy & daddy….Needs to grow up.
I like Yasmine's Jonkers.
Of course, you want a job that you enjoy doing and will be able to provide for you. I take that into consideration, but why not major in something that will increase your marketability?
Middle Income Trap combined with the after-effects of the pandemic lockdowns and also the looming global recession. At least the good news is that these are overqualified new university graduates. Their families have the means to support them until they find a job, and there are still jobs in abundance albeit with significant overqualification.
In developed nations, able to live closer to nature is a luxury.
I dare you to move to rural areas. It's easy to say that if you're just hiding behind your phone.
There is no job opportunity when you live closer to nature that is why everything is cheaper in rural areas.
On the bright side, 4 out of 5 graduates are finding jobs in China 👍
Sources please
@@olympic-ass-eaterthe news says China has 21% youth unemployment. Means literally out of 5 graduates only 1 cannot find job. But then it’s the highest in the world although it’s a norm for third world countries!
High end jobs usually means these are at the top of the pyramid and each company doesn't need so many. Many companies have closed down, there just ain't so many jobs.
My friend daughter, have a degree in Astrophysics.. now, she become a forex trader.. 😅
why?
@@karelsubrio6253 easy money.. 😂
High tech jobs do not need a lot of workers. The industry can not take in so many workers
The problem with the village is infrastructure and networking
don’t try to understand China in a modern way, sometime it’s just a problem.I seldom comment online ,but when I watch those videos of Chinese domestic problems,I really recommend that all of the problems cannot be viewed in a modern economic way!
Millions of highly educated young people around the world are falling in dream to become an Australian/Aussie
The same case also happen in indonesia
It's interesting to read some of the comments here. It's clear to me that many commentators really don't know China or, at the very least, they don't know China well enough. There are "rich" villages and there are "poor villages". The rich ones are mostly located around "rich cities", i.e. Suzhou, Wuxi, Hangzhou. And, very fortunately, the more we move to the inland cities, the more there are the "poor" villages. Please also realize that more and more bigger size companies want not only graduates from the so-called "top" universities, i.e. those so-called "211" & "985", they want their potential new staffs to have at least a master degree - this is also why there's an increase on the number of people who apply for graduate schools!!
One very important lesson my dad taught me as a kid was that parents' duties and responsibilities for their child is to bring them up, nurture them, provide them with education and living skills after which the child should become an adult and be independent. It is not the parents' responsibilty to provide for the child until old age. In Hokkian, he said "peh bu chi lu tua bo chi lu lau". Understand? When children do not learn this lesson, and keep on relying on their parents, or turn to undesirable or immoral activities, then the society fails.
Even worse, is children having to provide their parents for persistent economic assistance like mine.
Old people are living wayyyyy tooo long nowadays that's why we cant get a job, houses are unaffordable! In the old day average age 60 and ur dead. Now they're all living to 90! How we gona get ahead? Always blaming the gen xyz😢
6:53 - The issue seems to be that most expect to go straight from university to management positions. They forget that education is a tool. Experience is key to getting higher paid positions. Addtionally, the average salary can't be put in comparison to the cost of a home in Beijing. Apples to apples, please.
In China, I do not see encouragement of new ideas commercially -- investments in new companies is not present. Poorly built real estate has soaked up the most productive people's life savings. The only jobs I see being encouraged are delivery jobs and pushing paper jobs. I have heard young people complain it is too expensive to marry and have children, so they are incentivized to lay flat. We are told the average age of the high tech workers is now 60+. All this appears to shrink the Chinese economy, reduce the population, and encourage the flight of capital elsewhere. What is this government policy?
Asian culture is very very different. We are more personalised, less individualistic. Anything new upsets the status quo for the people and thus scares them. So most of the western-style success stories do not work here. It's always a human-level interaction and a promise for the betterment of the collective. Anything that is not organic will fail as exemplified by China and other Asian nations. Let's see.
The property sector has collasped,the high tech sector has been tighthened up, foreign investments are leaving.
The difference between China and the West lies in the traditional Chinese family culture. Western families generally do not take care of them after the age of 18. Unemployment of young people in the world is very serious, not only in China. Parents in Chinese cities will keep part of their funds for their children, so even if the children do not work They can live comfortably until they find a job by themselves, while children in rural areas can go back to their hometowns to work in agriculture without affecting their food, clothing and housing at all. Once the economic situation picks up, they will come back to find a job they are satisfied with.
And it seems like this leads to spoiled, entitled adult-babies in the worst case scenario. Intentions are good, even admirable, but I can see why a combination of a lot of education with no job to come to can lead someone to feel defeated enough to just stay in a cocoon of comfort afforded by parents.
What I find sad is how so few people focus on the possibility of having blue-collar jobs paying more. I don't mean as much as other, more qualified ones, but at least not 'the minimum' or just above ...
Why would a fresh graduate without experience expect to get a management job?
In the US, the avg home is worth 10 years avg income, up from 1 year avg income in the 1950s.
Not even close to true. Average wage in 1950 was 3,300 (37,728 adjusted to today). Average income today is 63000. The average house in US is NOT $630,000. Not even close. Half that would get you a decent home in most states.
@@llhll8264 Median income is better metric. There are plenty of $200,000 homes in rural towns. Not everyone lives in NY or LA.
The average salary in China isn't nowhere near 5,990元 a month for new graduates, but more around 3,000 - 4,000元 and that includes working overtime which is often not paid but expected. This is why most students go for master and doctorates degree. Then and only then can they make 5,990 元.
Only when your parents can pay you over a thousand USD a month for your company can full time children be a viable option 😅
It's puzzling why opportunities seem limited, especially given the country's economic growth. If rural areas offer better prospects, it's crucial to explore that potential. The emergence of "full-time children" shows the complexity of the situation. The youth's struggle for suitable jobs is a common challenge globally, often fueled by a lack of tailored opportunities and mismatched skills. It's a reminder that economies should prioritize skill development and job creation to secure a stable future for the upcoming generation.
Its actually much more problematic. As much as they build new buildings they don't have a very robust infrastructure to do a lot of lot of high end jobs. Then there's the obvious gap of I've been through the gaokao and sacrificing my childhood for a high end job and now you want me to do infrastructure as opposed to being a party member or a tech worker. Especially when your global dominance is built on manufacturing but people trust you less and less because of constant ip theft.
Go abroad. @@demonvictim
But China’s economy is not growing like it did over the past 20 years.
The first woman interviewed, with ambitions in performing arts, needs to be more aggressive and creative in her job hunt.
There is a substantial amount of fertile farmland in China, and the government could consider distributing it to unemployed individuals. These individuals could potentially produce high-quality agricultural products that the government could export. This would diversify the economy beyond just relying on industries.
The unemployed are college educated city residents, the vast majority of which have no agricultural knowledge or experience. Your plan could work, but it will have a learning curve that involve time and failure as these people learn agriculture. They will need financial support in the meantime.
Is this "fertile farmland" sitting idle? If not, you aren't distributing it, but redistributing it. Given that the general trend is for folks to move from rural areas to cities despite not having housing rights because agricultural labor isn't valued, this seems dubious.
How about living in rural areas, but find remote works?
Last time Chinese from China suffered poverty and famine and cannot find jobs so they migrate to Southeast aSIA including Singapore, Malaysia or even Indonesia.. now its full circle, too many Chinese have degrees but not enough jobs..so have to migrate and get jobs and compete with locals.
same in indo
Its not education, its knowledge learning, which cannot resurrect peoples soul
So wait, in China, they don't pay you overtime for overtime work? That shouldn't be legal and should not be tolerated. The young people are correct for not taking these jobs. Companies have to do more to bring in talent. It's a two way street corporate China, you need them as much as they need you.
Why's the age of working for Youths from 16-24? I thought Chinese generally graduate approximately 22-24..
all cities begin as a village and town
Obviously, this report does not dare to discuss and comment on the real problem of the high unemployment rate among young people. Most of the interviewees only gave stereotyped answers. A significant reason for the success of full-time children is the pampering of their parents, and another reason should be the care of the gentlemen in the social culture, which leads to high-sightedness and low-handedness. But the natural source of China's high unemployment rate is that China's internal dictatorship and totalitarian government have cracked down on private companies and foreign capital, a large number of private companies and companies moved out, and at the same time engaged in wolf-war diplomacy abroad, which led to the joint boycott of the International Democratic Alliance. A major economic crisis that has become a significant currency deflation. The reduction in investment will of course reduce job opportunities relatively. That's the real main reason for the unemployment rate, right?
I am one of these 'youth', age 25, female.
Marry me baby
@@michaelhan8916what colour is your buggati ??
@@michaelhan8916how many can you marry them..?? 😂😂
The youth age defined until 24 years of age in China so you’re not one of those youths.
@@ditsygirl5409 thanks that's very kind.
Isn't same for Singapore ???? fresh grab become food delivery rider or PHV.
Let me guess that next year there will be even more college graduates. And there will be a boatload of graduates that feel their strengths are in management. Maybe there might actually be fewer manufacturing engineering graduates.
20:27 這女教授站著說話不腰疼
I quit my fulltime child job at 19yo.
My son is year 8 in IGCSE , and he said he wants to become a farmer due to global food insecurity. What should my advise be? Malaysian here.
Not to. But it might be an indication that he is getting interested in world affairs. See where his passion takes him.
Yes, it's a concern with >20% rate up from the 10+% rate past 10 years. It's obvious that COVID and the Ukraine crisis had slowed down the economy. The demand for goods from the world during COVID/Ukraine had slowed down contributing to downsizing too. Number of graduates in China has grown too from the past 40 years. Clearly, the rate of producing graduates has outpaced the number of jobs created for them. Is this a happy or a sad problem to produce so many graduates? It's debateable. For a super large nation like China and India, both of them are suffering at >20% rate, the EU at 13% and the US at >10%. So yes. both China and India could do more to lower down this rate. And if you look at FDI flowing into China in 2013, it's about USD120 billion and in 2021, it's about USD330 billion. However, it drops a lot in 2022 to about USD180 billion due to Ukraine war. So yes, this drop in FDI will definitely affect the youth unemployment rate in China.
Well, it seems property prices are falling too. They can buy them more easily
It's so funny, Canada got the same issues. Without any reason and there are very limited job openings for new graduates. That was the case always, and I graduated in 2002. You work anything you find till you get your chance. One way always work is a referral especially in Canada even if you are a high school graduate and the the other one is a PhD graduate. So it's a very common issue get used to it and start working anything. Education doesn't mean a thing in many western countries, experience is what's more Important.
we call this referral thingy "cable" in Malaysia, you can easily secure a job if your parents/family has friends/connections with any higher ups in the company.
Education is what gets you in the door. However, it is set up in a way where you are forced to accumulated a very high amount of debt so the system is designed to make you a s-l ave to debt.
Great thing about Canada is on top of a shortage in high-skilled jobs, they also have basically unlimited immigration for experienced white collar workers from all over the world, making sure youth can't find anything outside of resource extraction/low-end services.