zogger's Journal: The pressure for Chinese expansion builds

Here is an article about the growing problem of young, college degreed Chinese kids who can't get jobs now. There's millions of them, and more coming. And even with their ramped up manufacturing and government, they can't absorb them all, just not enough white collar work for them. The article beats around the bush and never hits on the thought I have been saying, that they are going to be exporting these excess folks all over the planet, but you can see that the pressure is there, and building, to *do something* with them before they become more annoyed. the last thing big governments want is to have huge numbers of their youngest adults being out of work, full of desperation. Should be obvious why this is. The ruling elite there will do whatever it takes to avoid internal regime change, and if they can't absorb them, that leaves export them. One way or the other.

Of course that won't work either ...

[tomhudson]

they are going to be exporting these excess folks all over the planet

There's just not enough places for them elsewhere either. China is going to have to do the same as everywhere else, and accept that some people with degrees end up driving taxi-cabs or asking if you want fries with that.

Unless they plan to export them dressed in military uniforms ... there's certainly enough of them to make a formidable army, and cannon fodder is one way to reduce excess populations while keeping the people united agai

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[anacrolix]

Just don't export them here. We've got enough of our own problems.

Meh, just a centralized economy problem

[Com2Kid]

This is what happens when the government specifies goals for how many people will get degrees (and possibly of what type? Article was a bit short on details.)

It isn't that there are not enough white collar jobs available, it is just that the jobs may not be available in the subjects that the Chinese Government thought it was best for students to study.

One potential solution is a series of mass government run research initiatives, I get the feeling that the Chinese space program may very well be part of tha

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[Marxist Hacker 42]

Uh, actually, decentralized economies often have this problem as well- because *university degrees take time to obtain*, and the *hot job when you declare your major* is *very likely* to be in the position of labor surplus when you graduate, as everybody else is drawn in by white collar salaries as well.

Worldwide, there is a huge oversupply of university educated students.

But you're right on the solution- however I'd suggest decentralized energy production as a nice way to lure all those bri

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[Com2Kid]

Uh, actually, decentralized economies often have this problem as well- because *university degrees take time to obtain*, and the *hot job when you declare your major* is *very likely* to be in the position of labor surplus when you graduate, as everybody else is drawn in by white collar salaries as well.

This is why the 6'oclock news is not the best place to get one's career advice. By the time the news reports on "how new trends!" it is too damn late and it is not a good way to make money anymore.

Anyone wh

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[Marxist Hacker 42]

And yet, that's exactly how colleges attract students in the United States and internationally: Our study program Foo has a 99.999% job placement rate, so come here! Never mind that by the time you're done studying Foo, the job boom in that field is long over.

Re:

[Com2Kid]

In other news, marketers continue to lie.

People who believe marketers continue to get duped.

*yawn*

Relax...

[Gorimek]

These things settle themselves if you only let the forces of supply and demand do their work.

If there are many unemployed workers ("high supply"), wages ("prices") will sink until they are all employed ("demand meets supply").

I have no doubt China will do exactly this long before they deport millions of people or invade foreign lands. It's happened countless times before and will again in the future.

travel plans

[zogger]

They are opening businesses and doing large scale projects overseas. All over, numerous other nations. That's where a lot of these young folks will be going. That fits perfectly with supply and demand forces. They will want mostly their own white collar cadre to manage/run/maintain these businesses. They have trillions to invest overseas, and are already slowing down purchases of paper financial products in favor of buying resources, buying farmlands, setting up external cooperatives (energy,manufacturing,

There is more danger than just this

[Marxist Hacker 42]

After all, the Islamics have already shown us what engineering degrees and unjust unemployment add up to.