Dear MEL Topic Readers,
Why Chinese students are taking graduation photos looking ‘more dead than alive’
Over 11.6 million new college graduates have entered the job market in China this summer with bachelor’s or master’s degrees, but over 20% of them still haven’t found their jobs yet. China’s job market has become too competitive, especially after the Covid pandemic as many college students extended their academic careers to avoid competing in limited job opportunities. But now, the increased number of college graduates is competing in an even tighter job market where their degrees and expectations don’t match the available job opportunities, especially at a time when AI and other technologies are transforming job requirements. Indeed, employers now are seeking individuals who have specific skills to meet the needs of the changing business environments and requirements, thanks to AI and other technological advancements. If more young college graduates are unemployed, they won’t economically contribute to society. Also, they won’t be able to get married and have children, which would worsen the already low birth rates. In the meantime, there are some industries that need more hands, such as hospitality and manufacturing, where college degrees aren’t always required. Indeed, jobs aren’t necessarily scarce now in China but there seems to be a considerable mismatch between available jobs and job seekers.
Read the article and learn about how desperate many college graduates are in China.
https://edition.cnn.com/2023/06/23/china/china-graduation-photos-youth-unemployment-intl-hnk-dst/index.html
Why Chinese students are taking graduation photos looking ‘more dead than alive’
Over 11.6 million new college graduates have entered the job market in China this summer with bachelor’s or master’s degrees, but over 20% of them still haven’t found their jobs yet. China’s job market has become too competitive, especially after the Covid pandemic as many college students extended their academic careers to avoid competing in limited job opportunities. But now, the increased number of college graduates is competing in an even tighter job market where their degrees and expectations don’t match the available job opportunities, especially at a time when AI and other technologies are transforming job requirements. Indeed, employers now are seeking individuals who have specific skills to meet the needs of the changing business environments and requirements, thanks to AI and other technological advancements. If more young college graduates are unemployed, they won’t economically contribute to society. Also, they won’t be able to get married and have children, which would worsen the already low birth rates. In the meantime, there are some industries that need more hands, such as hospitality and manufacturing, where college degrees aren’t always required. Indeed, jobs aren’t necessarily scarce now in China but there seems to be a considerable mismatch between available jobs and job seekers.
Read the article and learn about how desperate many college graduates are in China.
https://edition.cnn.com/2023/06/23/china/china-graduation-photos-youth-unemployment-intl-hnk-dst/index.html
No comments:
Post a Comment