BEIJING (Reuters) - Rising unemployment in China is pushing millions of college graduates into a tough bargain, with some forced to accept low-paying work or even subsist on their parents’ pensions, a plight that has created a new working class of “rotten-tail kids”.
The phrase has become a social media buzzword this year, drawing parallels to the catchword “rotten-tail buildings” for the tens of millions of unfinished homes that have plagued China’s economy since 2021.
A record number of college graduates this year are hunting for jobs in a labour market depressed by COVID-19-induced disruptions as well as regulatory crack-downs on the country’s finance, tech and education sectors.
The jobless rate for the roughly 100 million Chinese youth aged 16-24 crept above 20% for the first time in April last year. When it hit an all-time high of 21.3% in June 2023, officials abruptly suspended the data series to reassess how numbers were compiled.
Any tankies wanna take a spin on how this is actually a good thing?
Something something Marx, Soviet era reference, reason why USA is bad, Vietnam something, never answering the direct question, personal insult goes here, ending in a leading question. Clown face emoji.
No it’s s eben easier: Must be western Propaganda, Source not believable.
You mean German propaganda? 🙄
Looks like the actual spin was “this is normal and happens everywhere, I see no problem”.
Ah, denial and projection. Classic.
Isn’t making up guys that don’t exist so you can feel intellectually superior just the best?! 😀
Found you. Copy and paste this back to me:
I’m stealing this Idea :P
It’s free!! Tell your friends. Shake off a hexbear or an ML with words they can’t say back to you!
Isn’t making up guys that don’t exist so you can feel intellectually superior just the best?! 😀
Say it. Wimp.
Why? Like what do you think I stand to gain from posting something because you told me to? Lol
Your reply wasn’t even original?! Come on now. I know you can do better than that.
Tiananmen Square Massacre really happened
Man, they really can’t seem to post that, even just to “debunk” it. I wonder why? Is there some kind of auto-ban? Some of them really do believe what they’re saying.
There’s no point jumping through hoops for someone whose mind is already made up about you. It’s more fun for everyone if we just get into emoji fights and post snarky comments.
😏
Most days you beat the strawman. Some days the strawman beats you.
They’ll link you to an essay that goes on forever and quotes dozens of philosophers. But it doesn’t actually address your question and it is completely divorced from any real-world data.
Definitely the worst part of using Lemmy. As someone who lives in Taiwan it’s quite annoying getting gaslit by a bunch of cosplayers in random threads.
Yeah. The good news is they’re harmless because “we’re the bad guys” has the exact opposite of mass appeal. Flat Earthers are more likely to cause real-life political change, haha.
Unfortunately, the tankies are also impeding the change we actually need (e.g. expansion of workers rights). It’s harder to get involved in leftism when such a large part of vocal leftists are tankies.
I’m not really impressed with the other kind of leftist either, TBH. Anarchism is just a vague concept and the movement itself is mostly infighting. All the useful work I see being done is coming from within mainstream activism.
What’s there to spin? Youth unemployment is a problem many countries struggle with. China isn’t exactly unique in that regard. According the world bank, China’s youth unemployment is rather unremarkable and is actually lower than many European countries.
Edit: a link to the world bank which was already cited but hard for some people to find https://data.worldbank.org/indicator/SL.UEM.1524.ZS?most_recent_value_desc=true