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CW.265.VIKING BOER – CHINA WATCH – China’s Youth Unemployment At Record Highs
China’s Youth Unemployment At Record Highs: Meet The Jobless Graduates
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Sep 5, 2023 #CNAInsider #China #Jobless
A record-breaking 11.6 million graduates have just left school in China this year. But they now face the toughest jobs market in recent memory. In the most recent figures, about one in five youths are officially unemployed. Meanwhile, the Chinese government has stopped publishing youth unemployment statistics.From a slowing economy to a mismatch in skills versus available jobs, to unrealistic expectations of workers and employers, Insight explores the reasons for the high unemployment rate, through the eyes of those who are young and jobless in China.
00:00 Introduction
03:32 China’s young graduates struggle to find jobs
08:41 Cutthroat competition for few available jobs
14:16 Few entry-level jobs for millions of graduates
19:36 Mismatched salary expectations
23:36 “Full-time” sons and daughters
30:33 Rising discontentment and looming protests?
36:42 New jobs for youths in the countryside?
42:06 Unusual ways to earn and save money
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