Copper Nikus writes: The nytimes has an interesting story about the current job market in China. It appears the chinese have stolen too many factory jobs from the USA and are now suffering the consequences. There is a great shortage of factory workers along with a large oversupply of college graduate yougsters that absolutely hate factory work and manual labor in general. Many of the college educated slackers are willing to take scarce non-factory jobs even if they pay only a fraction of what factories pay. When it comes to fresh computer science graduates in particular, the wage at top companies has dropped from $725 a month to $550 a month over the last decade due to oversupply. That is less than what many low skill factory jobs pay. As you might have suspected, a big part of the problem are parents and grandparents willing to subsidize the lazy college educated yougsters. There is also interesting data about cost of living over there, such as internet service for $8 a month, etc.
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