One in five youths in Chinese cities is unemployed, and the situation could worsen before it improves. The programme Money Mind finds out why some young people cannot find jobs, and the unconventional choices some have made.
HANGZHOU: Since the start of the year, vlogger Zhang Jiayi’s typical working day has looked like this: Talking morning walks with her parents, accompanying them to the market for groceries, preparing lunch, then taking a nap before tending to other chores.
The work of a full-time child, however, “isn’t just about receiving a salary or any form of compensation from parents”, she added. “It’s about genuinely enjoying the process of being with your parents and wanting to be there for them.”That said, her salary from them is “well deserved”, she told the programmeUnemployment among 16- to 24-year-olds in China’s urban areas rose to 21.3 per cent in June, compared withAs a new cohort of 11.
“They’re being educated and brought up for high-end jobs — tech jobs or jobs that require higher education,” said Nancy Qian, the James J O’Connor Professor of Managerial Economics and Decision Sciences at Northwestern University in the United States.
These include the real estate, financial and private education sectors, and the tightening has meant a decline in jobs available to youths, he said.The current situation prompted Chinese President Xi Jinping to exhort youths to be willing to “eat bitterness”, as quoted in the official People’s Daily newspaper on Youth Day in May.FULL-TIME CHILD: ‘UNFAMILIAR TERRITORY’ AT FIRST
Some of them return home to take a break from big cities “where salaries are low, work is exhausting, health is deteriorating, commutes are long and there’s no visible future”.Some youths from cities have grandparents who own valuable real estate — courtesy of privatisation reforms in the 1990s — that could be worth “a small fortune, like half a million dollars a million dollars in the city centre”, said Qian.At a job fair in China.
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