In some places, educated young people are desperate for steady employment in the world’s most populous nation. In others, factory owners struggle to retain workers.

A pervasive problem here is that there just aren’t enough jobs for everybody. Or at least, not a job that pays well enough to consider. The educational system is lagging behind too, with not enough seats for the millions of young people who need it.

This is papered over by the fact that we have good economic growth rates. But, this is confusing the stock market for the economy. The rate of inequality is also steadily climbing with the percentage of wealth owned by billionaires only being second to Russia.

  • @randon31415English
    2•11 months ago

    The thing I tell my students is think of job hunting like a statistics problem. If job hiring was done by drawing your name at random, in order to get a job you would have to apply to as many openings as the average number of applicants applying at the jobs you are applying for.

    Back in the 80s, you would apply to 3 jobs to find one because on average 3 people would apply to an opening. With the birth for the internet, the average job gets dozens of applicants. If it is a tech job, hundreds, and if it is a WFH job with good pay and not a scummy employer - thousands?