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Faltering Economy In China Dims Job Prospects For 7 Million Graduates

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a prominent Chinese broadcaster whose microblog has more than 200,000 followers, created a stir this spring by recommending that college graduates take jobs packing and unpacking homes for moving companies.

“The most important thing for graduating seniors is to figure out a way to survive, and if that means you have to become a moving company worker, then so be it,” he said. “You can’t live off your parents forever.” '

Why not if it's an agreeable arrangement for both parents and children Plenty of people do it all around the world.

So there's a severe shortage of jobs in China but no shortage of removal company jobs? Graduates with qualifications/ a degree to do that sort of work. That's not just a UK sort of thing now.

Edited by billybong

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...he had job offers from a heating company and a supermarket chain, but was still applying for a well-paid bank job

Yeah get close to where the money's being printed.

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Yeah get close to where the money's being printed.

makes perfect sense.

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“The only thing that worries them more than an unemployed low-skilled person is an unemployed educated person,” said Shang-Jin Wei, a Columbia Business School economist.

Interesting observation that. I believe that historically most revolutions have their origins in the discontents of the middle class's, rather than being grass roots driven by the people at the bottom.

But its economy is still driven by manufacturing, with a preponderance of blue-collar jobs

So can China automate it's production? In purely market terms rising wages make this a no brainer at some point- but politically how viable would it be to lay of possibly millions of factory workers?

At some point the need of the state to legitimise it's unelected power is going to collide with the market's drive to modernise and automate it's industries.

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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