<p>Asia</a> Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business. </p>
<p>"An explosive report released by the Chinese Academy of Social Sciences (CASS) in September said earnings of graduates were now at par and even lower than those of migrant laborers."</p>
<p>Appears that China has fallen into the same trap that Americans have fallen into.</p>
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<p>That seems… odd for an army.</p>
<p>I have to agree, gthopeful. My H went through a U.S. Army course where part of what they studied was Chinese military philosophy, history, etc. I think I’ll tell him that they probably don’t need to worry much about the Chinese anymore.</p>
<p>@timely, maybe they’re training future spies? Beautiful, sweet talking, and college educated spies.</p>
<p>When I was in Beijing a couple of years there seemed to be a lot of unemployed young people with college degrees. Those who had majored in English often worked as free-lance tour guides, undercutting the more traditional tour companies by basically working for tips.</p>
<p>USA also has to worry about the solar water heater gap. This is serious, China is using US Dollar reserves to reduce their energy dependence and provide for hot water for long showering teenagers.
[Asia</a> Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.](<a href=“http://www.atimes.com/atimes/China_Business/KJ29Cb02.html]Asia”>http://www.atimes.com/atimes/China_Business/KJ29Cb02.html)</p>
<p>China soon to have universal health care. Without debate, too.</p>
<p>You might enjoy this too:
[Are</a> Too Many Students Going to College? - The Chronicle Review - The Chronicle of Higher Education](<a href=“http://chronicle.com/article/Are-Too-Many-Students-Going-to/49039/]Are”>http://chronicle.com/article/Are-Too-Many-Students-Going-to/49039/)</p>
<p>Momzie, that’s such a good link that I’m going to copy your post into a new thread-starting post and feature it. Thanks for sharing.</p>
<p>This is not a long-term issue. Take as an example Egypt. Every year the Egyptian university system pumps out graduates into a slow-growing economy that has many central controls and a huge bureaucracy. There is a huge, permanent job overhang of well over 1 million college graduates, with many pulled into make-work bureaucratic jobs. </p>
<p>Contrast China, where growth ranges from 8-15% a year but from a low base and with a large number of people. The economy is still lopsided toward export production with a smallish services sector and a smallish managerial sector. Much of the export industry still relies on throwing large numbers of people at problems. The employment conditions for the educated will change rapidly as the country grows.</p>
<p>There is a temporary overabundance of people who’ve learned English. Everyone in every city was rushing to English classes. A cute story: one of my kids, blondish hair and hazel eyes, would constantly hear parents on the street urging their children in Mandarin to practice their English on the American sister (sometimes cousin, which is notable because the older ways of referring to foreigners in China were not so nice). </p>
<p>In other words, this is a dislocation issue in a rapidly growing environment not a long term concern about too much college.</p>
<p>I tend to agree with Lergnom. If China can continue its economic surge, it will want to move past being outsourced manufacturing in many sectors. To support the development of more large scale companies with their own R&D, marketing, etc., they will need these college grads.</p>
<p>Of course, that doesn’t help a new grad with their job woes right now.</p>
<p>why are we fixated on china? we have a lot of issues to sort at home. who cares if they have a graduate glut? is it really newsworthy? let’s figure out how to get our young people the opportunities they deserve. if our young is to have a future, the country needs to be reoriented towards exports. we’ve been on a import binge for far too long that it is threathening the dollar’s status and our long term security. if teaching chinese is what we have to do so that we can increase exports to them, then that should be the focus for talking about china. 2 trillion is a lot to pay back to them. exports whether in hard or soft goods is key. the graduate glut in china should be thought of as a market. what does this graduate glut in china need/want and can we provide it?</p>
<p>Absolutely agree with metalmethod741. Why fixate on China? This isn’t newsworthy. What is newsworthy is, we may have a few years’ of college graduates in the US who are underemployed on not employed. See Bob Herbert’s column in the NYTimes recently titled ‘A Word, Mr. President’. Double digit unemployment could bring this administration down (a single term presidency). Not to speak of the continued pain of our young graduates here (and the pain of their parents).</p>
<p><a href=“http://www.nytimes.com/2009/11/10/opinion/10herbert.html?_r=1[/url]”>http://www.nytimes.com/2009/11/10/opinion/10herbert.html?_r=1</a></p>
<p>Oops, that is not the Bob Herbert column I meant to refer to. This is the one. It is titled "Constraining America’s Brightest’. </p>
<p><a href=“http://www.nytimes.com/2009/10/31/opinion/31herbert.html[/url]”>http://www.nytimes.com/2009/10/31/opinion/31herbert.html</a></p>
<p>I also agree with MetalMethod741 on thinking of the graduate glut in China as a “market” or source of opportunity for us in the US. Any bright ideas would be greatly appreciated by this administration that is holding a “Jobs summit” soon.</p>
<p>Herbert and Blow seem like complainers to me. Barack’s doing everything he can and they seem like they’re trying to score centrist political points lately. And they tend to inject race into any context they can. </p>
<p>If y’all want some solid analysis on how America ought to reinvent its higher educational framework so that we’re more technology oriented, check out my blog. I’m writing a series on it.</p>
<p>[Truth</a> and Politics](<a href=“http://truthnpolitics.blogspot.com/]Truth”>http://truthnpolitics.blogspot.com/)</p>
<p>IMO</p>
<p>China has a growing economy, a changing social system, and a developing political system. China will absorb the newly higher educated and eventually find out of the multitudes, the few people who will change their nation and the world. </p>
<p>USA has a stagnating economy, a maturing social system, and ossified political system. USA has planted the educational seeds that favor stagnation. Weeding out these developing people is taking greater and greater effort that the nation cannot afford.</p>
<p>American people have not wakened up.
Nixon and Kissinger thought the US would flood China with US products.
In reality things go the other way.</p>
<p>Some ideas to think about:</p>
<p>[Five</a> Things the U.S. Can Learn from China - TIME](<a href=“http://www.time.com/time/world/article/0,8599,1938671,00.html]Five”>http://www.time.com/time/world/article/0,8599,1938671,00.html)</p>
<p>“For the eighth consecutive year, USC enrolled the highest number of foreign students of any U.S. university last year, a new report shows. USC, which recruits strongly in Asia, hosted 7,482 international students in the 2008-09 school year.”</p>
<p>International Students, the majority heavily recruited from China, now comprise 23% of the student body. So many loyal USC alumni with kids with excellent grades are not admitted because of the bias toward Chinese and other international students. </p>
<p>When USC calls and asks for my donation, I’m telling them to please call China and India and ask those families for donations. We can’t afford it in this economy.</p>