End of empire for
Western universities?
There are 129
million college graduates between ages 25-34 in the OECD countries in 2010,
which is expected to increase to 204 mil for the next ten years. Among those
highly educated workers or professionals, Chinese accounts for approximately 18
per cent in 2010 and 29 per cent in 2020, and if India is combined, the second
largest country by population now, the number is expected to grow from 30% to
40%.
This drastic shift
in knowledge-based workers could lead a transition from mass production to knowledge
economy occupations in those countries and economies, improve employment rates
and earnings, if the economy and environment are able to produce enough job opportunities
suitable for them. But 20% of the Chinese college graduates don’t seem to be
able to find suitable jobs when they graduate even now. Will the world be able
to create such many high-tech or highly-skilled jobs for the next several
years?
Enjoy reading and learning from this article.
http://www.bbc.co.uk/news/business-18646423
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