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Comment Re:another good idea. (Score 3, Insightful) 555

Section 1:
"Graduates may not get the jobs they'd like, but they are certainly NOT common. See these Unesco figures for the number of students enrolled in tertiary education as a proportion of the tertiary school-age population. In 2002, China's ratio was 16%, compared to 83% for the US, 51% for Japan..."

Section 2:
"China has 1.3 BILLION people, and it's economy is smaller than that of the UK, where are all the jobs? American economy is 5 times the size of the chinese one and Japan is twice the size.
American population is 1/5 the size of China, and Japan's is about 1/9."

Section 3:
"Read your own figures, ratios are all very nice and pretty, however multiply those ratios by their repespective countries populations.
You seem not to understand what a ratio is. Anyway, the point is that being a graduate in China is VERY rare still, (proprtionally, though in absolute terms there are millions of them; amongst the 1.3 BILLION population) your personal experience notwithstanding."

With all due respect, it would seem that the idea of a ratio is perfectly understood by the person who posted. As stated with, "...the number of students enrolled in tertiary education as a proportion of the tertiary school-age population..."

So, China has 16 out of ever 100 people who fit the above criteria going to college. All well and good. The United States is at 83 out fo those 100, so again, great news. Japan is at 51 out fo those 100. We all understand this, but what was introduced into the discussion is the question of how many college-enrolled people may be NEEDED in the current economy.

This is not a linear equation, and if you come up with a good one, you'll get an award from Sweden I'm sure, but let's take a quick and dirty look:

China's economy is 1/5 that of the US economy. The US is - for the most part - a tech and service industry with a great need for higher level education. China, while modernizing, is not modernized YET, and as such needs less people in the equiv. roles. For the sake of pure argument, let's assume a mirror image economy, but just smaller, and do easy math.

China econ x 5 = US econ
china college rate = 16%
16 x 5 = 80

That's very close, all things considered, to the US totals.
Reintroduce the idea that China is not modernized at this time, and the ECONOMIC need for more educated people becomes less... probably much less than the 3% our calculations show.

Of course, this data can also show someting else:

By keeping the supply lower (# of college spots), only the most deserving get in (# of applicants), and thus the quality fo the final product (graduates) is higher.

Who needs a degree to work a mine, work in a factory, or plow a field? When China's economy advances enough, there is little doubt that they'll increase the number of spots available.

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