Jobs Problems for College Grads in China

December 12th, 2010
in Background

Beijing (New York Times):  Many recent college graduates in China can't find work.  According to Andrew Jacobs NYT article:

Chinese sociologists have come up with a new term for educated young people who move in search of work like Ms. Liu: the ant tribe. It is a reference to their immense numbers — at least 100,000 in Beijing alone — and to the fact that they often settle into crowded neighborhoods, toiling for wages that would give even low-paid factory workers pause.

Follow up:

This Chinese story sounds very much like what is going on in the U.S.  The  American age group hit the hardest by unemployment is the under 24 population, which includes many recent college graduates.  In China, however, there is still high demand for blue collar workers and wages are rising there.  The U.S. has quite the opposite situation, with blue collar unemployment much higher than for the college educated across all age groups.  Read the entire NYT article.....

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved