Surviving China's high unemployment and cost of living
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- Опубликовано: 2 май 2024
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A new generation of Chinese are challenging the values and traditions that have been the foundation of the nation’s modern successes. Hard work, whether to build your future, beat your competitor or just get rich before you are too old, have long been core values in China. But what happens when a new generation of workers starts to question such ideas? Terms like “lying flat” and more recently “let it rot” have been used to describe a movement brewing among young Chinese who seem ready to give up when faced with challenges such as widespread unemployment and a high cost of living.
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Finally young people are realizing:
Working very hard doesn’t benefit YOU - it doesn’t make YOU richer, it makes BILLIONAIRES richer!
It’s like a cow at a farm- you can produce more milk but would it benefit the cow or the farmer? Haha
THIS is beautifully written!!
Dominion (2018)
Why r u laughing
Exactly.
True.
Not starting a family is not even extreme, it is normalcy nowadays as less and less people can afford it.
🧂
But for China? It's a big deal.
Less people, the better
All thanks to corporations
@@tatertot8081 Who will develop and maintain the existing infrastructure ? You short-sighted goofball.
I resonate with the young woman who talked about studying her whole life and after college not matching up with what they said it would be... honestly post grad was the hardest time of my life. Very depressing to apply to jobs and get rejection letters or being offered an interview but not being chosen. Even worst getting offered a job but low pay and having to take it because low wage is better than no wage.
Let this world rot
the post grad job market is crazy. The interviews are overkill compared to senior level interviews.
i didnt even get rejection letters :( they just ghosted me T_T
Don't give up. I was looking for a job during pandemic for 8 months after graduation and found an amazing position. Also the rental market was stalled and I found an amazing apartment for a great price, too. When everyone is fearful you need to be courageous.
@@liopleurodon155yes take advice from guy with nft profile
"Letting it rot " is far from giving up, it's destroying a system from within by simply not supplying it. It's genius, may they all be blessed in their mission 🙏
Only insane people believe everything people do is for a political agenda.
Yes, can't wait to destroy the system that I live in
@@gladteer873It wouldn’t be that bad of an idea if the system you are living in has taken a turn for the worse, don’t you think?
Brilliant solution, if taken to its logical conclusion. Widespread rotting and starving to death definitely would help reduce the unemployment rate. It would improve prospects in funeral and cremation services.
what a fortunate coincidence it is that my choice not to have children both denies them more slaves and I also prevent innocent children being subjected to this cruel nonsense...
If hard work was enough, the problem would never have arisen.
Power and wealth have been consolidated in the hands of the older generation for decades, all around the world in developed countries. For the past 20 years, I was utterly amazed that my parents who were well into the age of retirement, did not know anything about computer nor anything modern and scientific, did not know much English, but still hold jobs and paid much more than young college graduate, while my younger friends are having trouble finding employment...😢
Yes, I too find the exact same situation in India. Parents generation people barely know how to use a computer. Yet, they have decent pension while we are running from pillar to post searching for the next job
@@exploreraditya it makes me so fcking bitter. parents don't know how to do anything, my mother is doing an online master's degree to secure her future while, she doesn't even have to keep a job. I literally work overtime just to live in my car. I wouldn't be surprised if more parents start having some "oops!" I'm not living outside if i'm working while my mom lives like a goddess and barely lifts a finger. violence will become common in families.
@knightofcups9336 why don't you luve with your mom? Also, make sure the inheritance has your name on it
Many young in America want it all given to them instead of working for their future.
True, definately the case in Europe, most of South east Asia. Not unique to China. But issue for China is that it has been booming for years. No longer for the moment it seems.
I'm in my 40s, but i will say this with 100% conviction, most of the youngsters will DEFINITELY work till they die in almost every part of the globe.
China got so much populations, a certain percentage of them will also like u said, work very hard….there are also a certain percentage of them will let it rot
I am close to 50 and I am not sure there will be retirement in the next 20 years.
@@african_forumit all depends on the individual. Definitely don't rely on the government to provide you with any pension.
@zuzanazuscinova5209 yes. Always depends on individual. But at the current moment, most western countries have a sort of universal pension that everyone gets once they reach that age, regardless of whether they have contributed or not. Basically state or taxpayers sponsored benefit. Thats the one I think won't be there when I retire in 16 years or so. It is already not enough atm, unless one has some other savings or investments, it is almost impossible to live of government pension alone.
Not just the youngsters...ppl in their 40s and 50s too.
Its horrible to see people feel as though there isn't a single thing they can do to improve the situation. Either they keep trying and get told they failed to try or they give up and have less expectations, but suffer the consequence of an unfulfilled life either way.
The whole world is going into a slow down, with even some developed nations in recession. China is a manufacturing giant and if the world is having a drought period, that would mean China gets to export less, therefore the manufacturing companies will start retrenching and stop hiring. It happens all over in other countries too. So the Chinese should stop whining, do whatever jobs that's available but the university graduates look down on menial jobs, and would prefer to just not work. Maybe they hope the world economy would recover and they will get the kind of jobs that they think will commensurate with their qualification.
@@iwanagohome326 Work, create value, and help the commies hold onto their power for another century? F U, no thanks.🤣
Not just Chinese graduates look down on menial jobs, people all over the world with a college education don’t want menial jobs!
Because there isn't. That's why the global powers are pushing for a new World War in order to create a post war miracle and the economy to bloom.
@@MsOceanstarYeah. I'm 57 or 58 and I'll take menial. I want simple physical, lol.
In the US it’s all unpaid internships- young people with rich parents are the only ones who get experience at high pay/prestige entry-level jobs
In the US you can work in adult entertainment. They say you can get $2000 per movie.
*Numba1* needs job from *Numba2*
*PoorNumba1*
Numba1 Bulild Tofu.... *Because* *Numba1* *GreatLeapBackWards*
No Books, Knowledge or Knowhow.
@@misterbig9025people who do OnlyFans are actually the smart one. Even if you had a clean resume, it’s less than 50% you will be hired
No, onlyfans is the American 🇺🇸 loophole 😉.
This is happening world wide and people need to realize this sooner. In San Francisco, you will see more youngsters stay and live with family after graduate and have low pay jobs. It’s not going to get better anytime soon. But still education is important.
Really the only hope is to come out with a more reasonable financial trading system and payment expectation for things like housing, food and transportation. Likely we will see wars over these things as people lose control of their wealth. We see some of this with the Ukraine-Russia conflict now.
Living with your family because you live in one of the most expensive cities in the world, and giving up on life are two completely different things.
@@fatboyRAY24 not in sf. It’s ok to be crazy there. 🤪
Those really aren't comparable situations lol. The youth unemployment rate in the US was 8% in July 2023. It's over 21% in China.
@@Cosmo1093 right
And Chinese population is more than States
It's not only in China. Starting a family and buying houses are considered extreme everywhere these days. When you only earn like 100-200 bucks per month, barely enough to pay for your own basic needs in large town/cities, supporting someone else or saving for the future are just unthinkable.
hhh, if a man don't own a house, you are not likely to get married in China.😂
@@peter-rice Is that supposed to be a bad thing?
@@anhnguyenhoang210 hhh,but it is so deeply rooted in Chinese people's minds.
Essentially the situation is Kafkaesque - young people are told that if they only worked incredibly hard, they would eventually be able to navigate and succeed in an increasingly volatile and Byzantine social system. However, instead of success, they are unable to secure a foothold in society out of little fault of their own, due to extenuating economic circumstances. 躺平is then not just young people giving up, but also the rejection of the entire social construct they are in.
an astute observation
I feel for these kids. Their parents grew up in the era of China's market reforms, where the prospects for university students were VERY rosy. My mother was among one of the first few cohorts allowed back into university after the reforms, and a lot of them literally had jobs secured for them before they even graduated. That was the outlook that these people expected for their children, but unfortunately, that early boom is gone.
@@asdkotableit's all a matter of supply and demand. Back in the day hardly anyone went to college.
Byzantine empire 💪💪💪
Kafka, well, ... there are no people more insecure than extremely wealthy people. Even if they have trillion dollar a year armies, they still feel very insecure.
Sadly, its happen all around the world nowadays.
@@ToiChutGongFu HAHHAHAHAHA so much pun in that one.
@@ToiChutGongFuI live here in America and it is hard here too. Don’t think it is heaven here or anywhere.
You do know the Americans helped to fund that BSL4 biolab... The French built it. The USA, France., UK, Canada trained the scientist working at that biolab. And the USA funded Gain-Of-Function research at that Biolab. Plus when US scientists and diplomats went to visit that lab multiple times they sent cables back to the USA. Warning about under staffing which led to safety protocal issues. Where the scientists at that lab were asking the USA for more help
@@TrinhNguyen-sh4fjit’s hard to find a decent job or minimum wage job bro? Lol
Actually China fights US on the most unaffordable cities in regard to housing - top ten is a intertwined mix
Same situation in the Philippines. Even professionals with top-tier education and work experience are having a hard time looking for jobs that pay livable wages
What is the reason for the Philippines?
Not true. They're just faking not having money. I've seen it with my own eyes. How are you poor & eat out everyday & have the latest phone & drink alcohol everyday & are fat?? Street vendors earn P50k at least monthly without paying taxes, rent or anything. At least. & still get free payouts, housing, education, food, etc from the government & NGOs. Then you see them with brazilian blowouts, eyelash extensions, $10 massages, new nike's, new phones, new bikes, small businesses, etc. Tell me that's "poor".
@@slashd just basically cost of living is rising up while wages still stagnant since forever. This is why a lot of Filipino workers would prefer to work outside the country.
Alot of Filipino nurses here in Canada,
I'm not sure where you're getting your data about unemployment in the Philippines.
Competing for jobs that don't exist after years of studying very hard must be incredibly frustrating for these young kids . Let it be ....
Back then, a dad work as salaryman, a mom just a housewife, can afford a car, a family house, and have at least 2 kids.
today, married couple without children, both working an office job, still struggle to pay basic necessity like rent, electricity bill, water bills and food.
this not only happened in western countries, but also in China, Japan, South Korea, almost everywhere in developed world, *what went wrong ?*
Overpopulation, too much competition. I guess back in 1960s, right after ww2, lots of people died. That's why the resources seem plentiful.
Luckily China back then did the right thing to limit family offspring to 1 baby only, or else it will be much worse now
that only happened in USA, the rest of the world were always poor.
capitalism
Inflation, look up the price of patrol in the 1970/80's, compared to today
Now when you created a situation whereby 1.4 billion people are supposed to come online to the internet too. Earlier internet also let china copied many western things. That was the big boom. People still refuse that it was copied cos it was just there
..... They didn't know that it was technically forefront that they shouldn't have access to it etc... And not did they filtered it. Now it is too late.... every single company that entered into the prc was created and broken down
... every Western companies knew that.
The same in Brazil. Many graduates are working as app drivers. It is so sad😢
:(
Its funny. Who would have thought a useless degree wouldn't magically make jobs appear.
Back then (about 10 years age) app drivers could get like 2-4 times of minimum wage in Indonesia, but now... well.. things go south.
At least people could still earn 4-20 times of minimum wage, thanks to TikTok, Instagram, and RUclips.
The same in Vietnam too
In my country to like Indonesian you are not alone
Repression can stop revolt and anger, but it can't stop despair
Same situation in the USA. Young students in college unable to find internships, Graduate students forced to work at construction sites. PHd students without a stable job. Education is important and I am glad for going to college and learning the things I learned. I am happy with my personal progress that has been helped by my education, however employment looks like dire straits to me.
Yes. There are challenges in the US of course but nothing like this situation in China. My niece graduated from University last year and had a job offer before her graduation. And my nephew quickly found employment after finishing his studies at University. In May 2023, the unemployment rate in the US for recent college graduates was 4.2% a mere fraction of the 20% in China.
not the same at all lol
no it's not.
You didn't learn chit in college if you cant find work. You have a useless degree.😂😂😂
Not the same at all? Why should it be same at all,? it was never the same IN the first place, at all?🤔🤔
This video highlights a shift in Chinese values and work culture. The rise of concepts like "lying flat" and "let it rot" among young Chinese reflects a growing frustration with high living costs and unemployment. This generational change raises intriguing questions about societal expectations and individual well-being. It's essential to address these concerns and explore how society can evolve to provide opportunities and support for all.
Its not just China....its a global thing. if you look at North America its the same thing. Many ppl quit their jobs since covid and a lot has not bothered returning to work force hence there is shortage of employees everywhere. Rich are getting richer and poor are getting poorer with high inflation costs, stagnated salaries.
Are you ChatGPT or just a CCP shill?
@@441meatloafbs
@@441meatloaf its the opposite in my country, here people go to other countries for because of so much manpower but less job hiring.
ChatGPT youtube comment
It's a form of protest against a stressful toxic society
ur forgetting Japan, South Korea, Singapore, some of these countries having even more stressful situations so stressful they actually decide to suicide. Not to mention Pooland India, where almost everyone lives in garbage every day anyways so its not all that new.
What do you mean by toxic society? Did you ever visited China? Until then I think you should choose your words wisely.
lgbtq+? xyz
a society with no soul.
@@Hkchinese888 . Really????
SCMP, thank you for producing this episode which is long enough to explore and explain the subject matter.
“High unemployment”?? And yet China is far more advanced than monAsien nations ever will be 😂 AND BTW, why is the medya refusing to admit that the highest individuals on handouts are the ones who call themselves halcost victims 🤔 Why is there never any mention of that? 🤔🤔
Another sound piece of advice their government gave is that "a moment of disappointment does not equal a lifetime of failure". Given the current economic contraction, when new graduates who are unable to secure their ideal jobs for the time being is simply a small setback in the road of life. This does not determine you as a complete failure, that all those years of studying is not a waste. That is a rather shallow thought because it is simply they are unfortunate enough to graduate during a worldwide economic downturn. Instead of being negative i.e. laying down and "rot", one should be RESILIENT and more OPTIMISTIC!
When the economy picks up again, they will have more choices then.
Why not take the opportunity to learn some more new skills, or further one's studies, rather than "lay down and rot".
Accepting a lower paid job is getting your foot in the door of an organisation, in which you can use your EQ and intelligence to further your career and work experience. Book smart is not the be all and end all of life, it is just a starting point to prepare you for the real world. The real world is more than that...
@@s._3560indeed.. Most graduates tend to over estimate their worth only until they started finding jobs..
@@s._3560 the problem is what if those jobs are not even there in the first place. the fact that the delivery market is being saturated with younger workers shows that while there are a huge group of people who want to work, they are not able to secure higher paying jobs thus they have to resort to fighting in the delivery field.
The problem with further studies/ learrning new skills, is who is going to fund those.
Stop blaming young people for this situation. the fact that there is a 21% youth unemployment rate is a huge source of concern. Unless you are advocating for people to pay to get a job, the lack of opportunities is a massive problem that will get worse if we enter a global slowdown.
@@s._3560 idiot
A lot of the elderly ppl I know in their 60s and 70s are delaying their retirement to save for their older lifespans. I used to see like close to 20 interns at my work place. Now I see only a few. There's just not enough vacancies as the oldies are not quitting or retiring. If life expectancy is 90, most will work till 70 to 80. The young ones have to make do with part-time contract work.
one of the major factors to working age is life expectancy. This is where many have to draw their own line on what is called retirement age.
No country is able to afford paying the retirement of all 60+ yo people. I know that most of them have made saving plans for their retirement. But, all countries are using that money otherwise, and it will be impossible to bring it back if all 60+ decided to retire, which is the quickest solution for unemployment.
Average lifespan is 77 years old in China. They only got 7 years to enjoy
Its the online verse now old ways of working is gone so we find a way to bring money in using new traditional way
Dinosaurs refuse to leave the jurassic park
ITS HAPPENING IN MALAYSIA ALSO.MUST BE WORLDWIDE TRENDING
Undilah PAS
@@eisooneusoof4390 ruclips.net/video/MpoqO4ocGxE/видео.html
@@eisooneusoof4390 ruclips.net/video/MpoqO4ocGxE/видео.html
@@eisooneusoof4390
Lagi teruk ekonomi negara 😔
Indo 🗿 makin parah malah udah mau transisi jadi Korea Utara
😢
Same situation in India... even worse!
please share
Imagine, China has 1.4 billion populations....i think its so hard to provide job....
India's situation is slightly more hopeful, as the population on average is 10 years younger than China's, and also they are still developing so there's hope.
@@bmno.4565 its has nothing to do with young ages, developmnent does not lies on ages, those are only young labors, india has one of biggest young age since 100 years ago and last 70 years india barely developed, today, development lies on technoogy and AI, automation, thats is future, it does not need people
@@abdurrozzaq5807 it's because of gavcav
As an individual who has experienced the COVID-free environment in China for the past three years as a foreigner, I find this RUclips commentary to be the most impartial and unbiased I have come across. It is worth noting that economists and business leaders are expressing concerns at the beginning of 2023, suggesting that this year may pose challenges. Jamie Dimon, the Chief Executive of JPMorgan Chase & Co., recently stated that the Federal Reserve might need to raise interest rates to 6% as a measure to combat inflation. This is higher than the peak level of 5% to 5.5% projected by most Fed officials after their July meeting in. While I have read articles about individuals making substantial profits of up to $500k during this market downturn, I am interested in knowing which stocks are currently recommended for purchase or inclusion on a watchlist.
Making emotionally-driven decisions to sell significant amounts of stocks or other investments at this time will only solidify your losses, eliminating any potential for future growth.
According to a study conducted by Northwestern Mutual in 2020, a significant 71% of U.S. adults acknowledge the need for improvement in their financial planning. Surprisingly, only 29% of Americans seek the guidance of a financial advisor.
Indeed, it is undeniable that a substantial portion of my portfolio's growth has occurred during this bear market. I have witnessed a significant increase from $180K to $572K within a relatively short timeframe. The key to my success has been diligently following the steps and guidelines provided by my financial advisor. With the assistance of a knowledgeable professional, one can confidently navigate the investment landscape and achieve favorable outcomes.
@@patrickbrussels4454 How can I get in touch with your advisor? I'm in search of a more effective investment strategy for my savings.
@@jessicasquire *STEPHANIE KOPP MEEKS* is the mentor who provides guidance. You may have already come across her as she has been featured in a Newsweek report. She has established a strong reputation in her field, so I suggest looking her up for more information.
It's scary seeing the same thing that happened during Japan's Lost Decades start happening all across the world. Cities like San Francisco are no different. Debt-driven growth and a promise of a better year next year every year did this to us.
I can relate with the Chinese youth. It's quite hard to be hopeful when the efforts that you are putting goes in vain. It's more frustrating when you are aware of the problem and you can't really do anything about it. It's a long lonely battle and we just have to keep doing what we are doing.
No I disagree. They are all lazy and entitled. Scared of hard work.
What's wrong with camping when economy is still adjusting? Having a mobile compact space is blessing in disguise coz they don't need to accumulate any stuff but real necessities
Very much like Hikikomori in Japan. Most people can afford to do that because they live with their parents’ salaries and pensions. Hikikomori started approximately the same time after the economic crisis leaving young graduates not being able to get a job.
Actually, the unemployment is likely structural unemployment where the college-graduated youths refuse to work in factories due to the stigma. Despite their degrees being of little value from low-tier provincial universities that are spurred by employers. Most likely due to the traditional Chinese belief that degrees are inherently valuable. If only they would abandon their hopes and dreams, then the unemployment and lack of factory workers will resolve each other
Go then
@@rachello7435 Hehe , he needs a dose of kensington avenue
@@rachello7435we need go through the wall from Mexico 😂 just kidding
Unlike Hikikomori, these people are not afraid of social interaction. They are not being bullied because they are outcast.
"Work harder, not smarter."
Government officials when asked about the problem of unemployment, probably.
that is literally the philosophy my brainwashed ex-military dad tried to raise me with. i dont speak to him anymore.
@@IrrelevantPleaseyes endoctrined slaves brain. I feel you.
The tragic thing is that such society doesn't even allow a mentality of wanting to give some of yourself to others. When you start working you stop being a person, you become a cog in the machine. And that's not only true for China.
Can't blame them for wanting to get off. A society that is predisposed to see their youth as failures without even giving them the chance is rotten from the foundations.
@@reneekatzyou know why? Because real estate prices have skyrocketed to the point that my generation cannot afford it.
I have a High salary, saved up a decent amount of money and still can't buy a home. Cause even though my salary increases by 23% in the past decade, real estate prices have increased by 460%
So the more I save, the further the goal goes away from me... So why not acknowledge you can't win and just let it rot?
@@NiekNooijens The real estate thing is interesting, isn't the big increase because wealthy and middle-class people buy up tons of real estate as an investment and don't even live in it. It is a problem in the US too but I've heard that speculative real estate buying in China has made the price of homes go crazy.
@@reneekatzboomerrrr
@@reneekatz then explain: i earn €3800,-/month. After taxes that leaves me with €2400,-
I can save up to €600,-/month.
Got €50.000,- In savings already.
I can get a mortgage for €230.000,-
So my budget for a house is €280.000,-
Average house price in the Netherlands is currently €450.000,-
Please make it work!
I'm not poor by any means. But obtaining a house is currently impossible.
I can relate to these postgrads, ive been unemployed for over a year now, i feel absolutely worthless
Let's me say this once and for all, many parents are cruel, not just the government. If you know about the Asian tiger parents stereotype, you will have a glimpse of what life is for the poor children. Some parents think their children are their stock animals, something to be benefit from. In Asian culture, it's normal to expect the children to take care of their parents when they grow old. Some parents went beyond that and forced their children to do much more for them than they can do to their children. I saw many people only raise their children haft-heartedly, even leave their children to fend for themselves while only giving enough money to survival and then expect their children to work then provide for the parents and also take care of them while the parents are sick and old. There are many stories about children abandoned by their parents or even got abused but in Chinese law, there's always something to force people to take care of their parents because the government don't want to do that, even when your parents abandoned or abused you, you have to care for them when they're old. Look up the case about Chines parents abandon their 2 year old daughter, then sue her for parental maintenance and then you'll see why many young people don't want to start a family. How can you even want to raise a child of your own after being abused and taken advantage of by your own parents?
This is so sad. And real. I know many friends that have to endure gruelling working hours because they are forced to provide for their parents. Some of my colleagues at work have parents that helped them financially, not the other way around. And I'm so envious of them because my parents have this Asian tiger parenting style that you mentioned. And are broke af.
So the government does not have a system in place for retired workers?
In the U.S. grown children help fill in the gaps for their retired or elder parents when they have stopped working but don't have to be responsible for their entire financial situation as there is social security and for some also pensions and 401k.
@@upthedown1 No, the CCP doesn't provide much for elderly. A basic pension if you're fortunate to have worked for the party or government. There's no equivalent of Medicare or Medicaid, public healthcare is corrupt af and you need to bribe doctors and nurses to be treated better or faster. Private healthcare is expensive but not subsidized so if you need some special treatment and you're poor or a migrant worker you're SOL. But in Asia the expectation is that the children will take care of the parents and be their caretakers if they don't have the money for a nursing home.
Another reason why Western parents aren't as pushy is because Europeans have managed to spread out to their newly conquered territories to Oceania, N and S Americas and even into Africa. Compared to Asia or China, their land is so much less densely populated. They aren't short of any resources or housing. Even a person with just a high school education can get a detached home and a car in US, albeit in some cheaper street, town or state. Couple with welfare, many of them don't need to work as hard or feel the need to!
So sad all these poor children 😢 I hope they can find jobs soon.
No job will be given to you, you have to work hard to get it just like anywhere else in this world nowadays.
too bad. right now im watching this video and i can hear teenagers shouting, vandalising etc outside my home. I'm living in the uk.
I'm sure there are plenty of jobs in hospitality, construction, retail etc in China but they want a office job.
Its called life so stop acting like a child and start being an adult, stop acting like you are priveileged, entitled and exceptional and go find/get a job even if its cleaning toilets or cleaning the streets or anything until you find your dream job ffs.
Have you considered that maybe there's a greater purpose in life than employment?
same as our country(brunei), we study hard and left to rot due to nepotism and mismanagement.
True. We discovered in 1776 that you can't have a life without LIBERTY. But, your men must be willing to DIE for it. And that is where most of the world breaks down. It is full of cowards who would rather do anything -- run, flee, claim "asylum" like a coward -- than stand and fight and die for liberty (against tyranny) RIGHT WHERE THEY ARE.
Sounds like every nation in the Arabian Peninsula 😂 we don’t have oil and Islam in common only after all. It’s incompetence, corruption, mismanagement, and last but not least, nepotism.
I thought Brunei was a sort of paradise. Havent been there but I always think the kingdom looks after the citizens
@@african_forum NOOO
@@african_forum those are nothing but utter bs and liar, the government tried to cover it up.
Unfortunately, I feel like a counter-measure for this behavior is coming soon, AI and automation. Soon, businesses won't have to hire human employees anymore and just let machines run the factories and stores. If that is the case, even the ones that want to work will have a difficult time finding a job
And you KNOW the Universal Basic Income (UBI) will never be enough to live on.
Dystopia.
Jesus cannot return too soon!
Even so, come Lord Jesus!
@@rdelrosso1973 You forgot 1 thing...Tax that reducing to the level that can't sustainable whole state affair.
But how is anyone supposed to buy food and services if they have no wages? The destruction of human labor is the destruction of labor itself. the entire capitlaist model collapses.
@@amanofnoreputation2164 homelessness and population control, if you find yourself on the unfortunate side of being unemployable because you possess no skills that can't be replaced by AI and automation, you're simply kicked to the curb by society until you are deleted
@@amanofnoreputation2164By Universal Basic Income.
Its not only in china whole world now works like this every country seems same
No just china
But its worse in China.
@@Meitti NO, it's just that people like to smear China. Actually, many countries are going bankrupt.
21% unemployed in 16-24 age...me wait they work at age 16???? 😂😂😂
the problem starts from the fact that only a small percentage of people own most of the world's wealth. the rich are only hoarding wealth to get richer and that comes at a cost of the next person not having any remaining "wealth" left to gain.
The economy is not a zero-sum game
@anuragchakraborty8766 When growth is finite and property is hoarded it is. Try again.
Exactly. And these people need people. Lol.
@@anuragchakraborty8766Economy is actually a zero sum game, maximum economic output is finite.
@@anuragchakraborty8766nice try
We're seeing this everywhere around the world, in the US it's called quiet quitting. Likewise it's a popular movement in Japan. The younger generation are just fed up with the rising cost of everything, and things being tougher for them as a generation.
I've never heard of it in the u.s.
They call it Quiet Quitting in the US, it's basically the same thing just named differently. @@AverageBrethren
@@TheDysartes who is they? China? Like how the North Koreans tell their people Americans are so poor we eat snow?
@@TheDysartes quiet sitting just means quiet and sitting separately, it's not a known phenomenon. This seems to just be designed to make Chinese citizens reading foreign news that "see it's not only in China". I will say it even if my Chinese social credit score drops by 1000.
@@AverageBrethren u are brainwashed by US propa
I am just really scared of my future and tired of competing all the time
There's no future
Competing is the way of nature. Survival of the fittest
this makes me feel empowered like I'm part of a movement. Finally some representation.
21% unemployment rate for university graduates in China is not that bad. It's 89% here in India mind you and Modi's not even bothered by it 😂
It's 25% you jXckXss 😂
True 😞.
@@ss0498 he's lying
It isn’t actually 21% is more like 45-50%+
aint no way its 89% lol.
It’s not just China, in all of Asia, Africa, the Americas, and even Europe all have the same problems. I can say some Western European/Scandinavian countries are better equipped for these kinds of crises considering they have an extensive social safety net. But it’s due to the high taxes imposed to the population as well as the strict immigration policy that pretty much limit the number of new citizens.
Only China has a strict immigration policies.
@@6530517 erm.... more like not many people wanna migrate to China. I have friends live in China, but only for work. Apart from that, they can't wait to get out of that place.
scandinavia dont have strict immigration
taxes aren't that high either
hahaha. Nice try wumao., let it rot is only happening in China
When my grandfather graduated, he bought the family a house and raised the entire family, when my father graduated he bought a house and a rather decent car. When I graduated with a score of 638 (Gaokao score) and a degree in computer science I was unemployed and lived off of my parents.
"theres people out there with 639, 640, 641... , theres people out there with degrees much higher than you, theres 750 applicants for this job, and only 150 people can enter."
That's now life.... for the future!
They say if you want a better job, better life and and better future you first need to graduate in college, yet many newly graduating students nowadays having a hard time looking for a job and it happens all over the world.
The worst thing for humans even more than poverty is loss of hope. As an Indian, I hope the young dont waste their lives.
its the hope that make the rich richer
I love how irregardless of what country, officials and people still blame students. Even thought there’s a massive economic slowdown…
I hope the situation improves for them. It breaks my heart to know the situation is so desperate for so many of them.
This is common in every country
i agreed
Sorry to burst your copium but it's not as prevalent in many regions, especially Europe. There e.g. in Poland if you pursue a sensible career you will find something to do, even something well paid. And of course you can't be rich from the day 1.
it very hard now to live in China. We want to go to America or Taiwan is much better!!! 🤗🤗🤗
Does saying that make the situation better in china? No
Hard work is for the working poor.
To solve a problem, you must first admit that the problem does exist.
But in China, they solve the person who pointed it out.
I’ve been lying flat since 2008. It isn’t new. It just being mainstream now.
It is crazy, my wife's little brother and sister couldnt find jobs anywhere for over a year, now her sister is earning 900 rmb a month for three months as an internship!
rmb?
@@maciejdevreminbi is china money
For ref 900 rmb is about 150 dollars
I love the spirit of the young people in China, the next generation has to demand better and then do better than the previous ones
A rare truthful video by SCMP
they have been broadcasting this news for 6 months already, you werent there to see it.
ok fascist
Most generations have their own challenges, and pretty common that there is a war going on somewhere, or a new virus, or natural disasters and economic ups and downs. But for some, usually those born in dictatorships, things are particularly tough, and young people in China have one of those particularly rough roads.
And people can only be told “work hard and eat bitterness, so things will be better…some day” for so many decades. They eventually realize that the goal was never to make things better for everyday people, but just to keep the dictators in power.
Um, as an American of the younger generation just replace “dictator” with “corporation” or “oligarch” or “monopoly” and we are in the same boat. There is no meaning to feeding these machines
@@redpilledwarrior4367I don't understand how some people in the west don't believe corporations have more power and real tangible effect over your day to day life than the government. If lazy shareholders want more money the CEO is forced to cut costs, ruin the product or service they sell to consumers, and do mass layoffs. Atleast I get to elect my government officials can't say the same about my employers board of directors and shareholders.
And as soon as I start talking about things like workplace democracy and worker self management everyone stares at me like I'm Stalin getting ready to kick off another holodomor.
This situation is not unique to China during the current worldwide economic slowdown. However, I do feel their pain. I live in China and I know the fact that young people always want to make their fortune in big cities. As far as I know, this was true even over 20 years ago. Job fairs that I went to un those older were much worser than today's. Graduates ended up finding factory jobs.
Back to the country, and home then? City life dreams are made Of hopes and dreams as always?🤔🤔
Tang ping in the country,, here we come then !🤔🤔🤣
The lucky ones!
Yesterday , China announced the cessation of publishing the youth unemployment rate.
Maybe Chinese and American people have more in common than they think.
European too. 😁🖒
@@davidbolha only US propaganda is dividing yall
Contentment is the most pleasurable life. Live according to situation. Nothing is permanent.
Distress is a heartbreaking experience, and crime is bound to increase in every country with a large population experiencing the same thing.
In Asia, most of them commit suicide instead of committing crimes.
Honestly in China homeless isnt really that big of a problem because parents will allow their kids to live with them no matter how old
The more educated graduates a country produce, the stiffer the competition gets. After all, there are only so many high tier jobs available, and the people are needed to work on the lower tier jobs, which most graduates are unwilling to go to. Any country will face the same situation when society advances, and it's only normal for that to happen.
Mankind is a broken system. Our ancestors were poor and strived to make ends meet and we always head to the same direction, no matter how hard we try.
The problem is that lower tier jobs don't pay enough to make basic ends meet. We are talking about the difference between having an apartment vs being homeless or having food vs starving. Any advanced society should be able to cover the basic needs of every citizen.
When you just spent a fortune + a few years of hard studying to get that degree, only to end up working as a cleaner or delivery man.
@@edthelazyboy with low paying jobs, you work 24/7, still unable to pay bills, get married, buy a basic house and a proper car, and you need to be totally thrifty in your food! Only eat to survive.
Low-tier jobs still meet basic needs, is just that the basic needs in China is less than other first world countries. Chinese were able to live pre 2000s China. Isn't basic needs just food, water, and shelter? Rural area are affordable. No stigma if you live with parents and you inherit the home in the city. Online ecommerce is easier in China.
I have a degree and masters, and whenever a job contract comes to an end I always have to work hard to send out lots of applications. My partner on the other hand failed at school, doesn’t have a degree but found himself in a niche buildings management trade that always need workers, so he never need to send out applications to get a well paid job - recruiters fight over him! Very proud of him of course - just wish it could the same for me 😄
It could if you got off the windmill and go learn to work. Luckily you have him! Ask him to help you get a start in the Building trade (NOT Management - it's full) as a trainee trades person!
China has a vast land.
Go and find something to do. Both you and your friend have a right attitude, keep it up 👍👏🏻
For others:
Reinvent yourself. Your Education is still important but it needs not tie you down to specific jobs of what you have studied in school.
Don’t “let it rot”，don’t ”lie flat”. These are evil forces working on your mind. Go be a farmer, a gardener, a carpenter, a factory hand, join the police service, join the army, etc. who knows one day you too find your own niche. Your education is always an asset and never a hindrance to your progress or success in what you do.
If many youths do the same, with grit and perseverance and “never say die” attitude, there will be a collectively created wealth in the society, in the community and the country. Many different enterprises would mushroom. A new eco system consisting of various careers would spring up. This is what “economy” is all about.
Poor people (including me) do not fear poverty because we are used to it
its the rich that fear the end of cheap labor and employee
I don't even live in China, but the situation is not far fetched here in SEA
"Poverty" is relative and all between your ears. You live more comfortably than any KING in the world 150 years ago. They had no TV, no radio, no refrigerator, no camera, no airplanes, no penicillin, no air-conditioning, and no phone.
I feel this way now. Denver, Colorado. I'm one of fewer people than this happens in China but I'm far from the only one. It brought be too this video. The wealth gap is unimaginable.
Very nicely presented.
Life is tough anywhere in the world. Life itself is tough n is a constant struggle for everyone no matter where u r except for the few at the top so don't make it out as if it is only China.
Mine is easy.
Mine is loving, peaceful, honest, and serving OTHERS. Thus, it is not tough or a struggle for me. I believe in work and SERVING, whatever the need. If the need is to mow the grass or sweep the floor of the widow, I will do it. I enjoy comforting the sick and helping them any way I can. I contribute freely to the education of OTHER PEOPLE's children.
@@davidb2206 Just shows how great an exception your situation is. Nice to boast about this. Many people want to be as kind and serving as you, yet they struggle for food and survival. You would too, if you were born in their place. So wonderful of you to blow your own horn. Hail david, the 'nice' guy.
@@gardenjoy5223 How utterly petty. I don't boast. I DO (that is, actions for other people). I offer it only as an example of what others and YOU can do, too ... if you got your head out. It really does not affect my life at all. You are living with extreme blinders on ... and most likely an overdose of narcissism.
I paid the price for my current freedom. I dug foxholes in the Army for years. Will you do it? Will you sacrifice? I washed dishes for barely minimum wage at my local hospital in order to keep working during the recession and avoid foreclosure. Will you "
stoop that low"? NO. You won't. I have worked 100-hour weeks, back to back, and 3 jobs at the same time.
In my 50's, I took a job digging construction conduit ditches with a shovel in below-freezing weather. Will YOU do it? No. Thus, you cannot expect the same results that I achieved.
I both agree and disagree. In China, who you are, isn't important. Your wants and your personhood. Your job is to be a mindless cogwheel for society and your family. Your life is chosen for you. I live in European country and we have way more options and our culture embraces individuality. Perhaps being born in Europe can be seen as rich itself, but there is options for better. It's just matter of how to get make it happen
China has more old age population. With time they will want more people to feel the gaps instead all high paying jobs will need people but they will not be there.
Another thing is many educated Chinese do not want low paying jobs. But jobs according to people in china are plenty except that many learned youth don't feel that they can be payed peanuts.
China is also like any other country the only depth is the population is bigger than many countries. Employment opportunities are disappearing everywhere
For sure, if I spent all my youth to study and found out that I can only lay myself a minimum wage job, I'd rather make my own business, or not working at all.
Yea, agree. The unemployment is likely structural unemployment where the college-graduated youths refuse to work in factories due to the stigma. Despite their degrees being of little value from low-tier provincial universities that are spurred by employers. Most likely due to the traditional Chinese belief that degrees are inherently valuable. If only they would abandon their hopes and dreams, then the unemployment and lack of factory workers will resolve each other
No , working culture in China is toxic, working hours is pretty long,we don’t have work life balance, we need to reply our boss, our coworkers, our clients even we’re off, we need to compliant the request of our heads all the time even we’re not willing to do it
@@myname8419yes, the huge money spent on the degree + wasted youth. A lost investment. Might as well use that money to start a business
I'm not sure about china, but the economy currently needs skilled workers rather than graduates with no skills. So like plumbers, electricians, software engineers and other skilled work. Perhaps the government's story should be to encourage graduates to take up careers that they didn't study for and for companies to give a chance for people to learn. They already passed their degree, it is not like they cannot learn. So it is more about shifting to what the economy needs.
After getting a degree in STEM, few people want to go work in a Chinese Sweatshop à la Shein.
But how are school gonna extort money from idiots taking gender studies?
Interesting. Very interesting. I can very well relate here in Toronto Canada.
This is exactly what happened in the west also. Older generations were so obsessed with getting their kids into higher education that now jobs that require those skills are vastly oversaturated and the "low income" jobs are now highly in demand. Although what I find funny though is wages do not represent this. I work in the hospitality industry, it is dying right now, on its knees and one of the main reasons is lack of staff and yet just trying to get my boss to give me £11 an hour was like getting blood out of a stone, and I still think I should be getting more XD
Using academic prowess to attract and gain enough wealth is an uphill battle nowadays in this world as you are basically one in an endless batches of same graduates worldwide trying to use the same paper to achieve this goal.
In all eras the only thing that didn't change and can let humans be well off is fate. The ability to attract enough people toward you to help made you rich or well off. For example you become a youtuber,hawker or a businessman and you have enough affinity with people to endear them to you and come to support and contribute to your livelihood.
AKA 人缘 。
Absolutely.
The only way to get rich.
I had similar feelings around the time these videos started coming out.
Jack MA (Alibaba Founder/Ex CEO) never gave up even after a KFC job rejection . DON'T GIVE UP
And then the Chinese disappeared him until he surrendered his success.
Sadly, its happen all around the world nowadays..... And it happens all because of the world disruptions caused and now still continuing!
Does saying that make the situation any better in china? No.
I felt the 'there are more young women doing delivery jobs', due to financial circumstances and just bad luck the only jobs I managed to land were delivery/ labouring jobs, even nightshifts. Jobs that aren't desireable for women cause of safety and well physical demand. But there's no choice really, money has to be made. I hope it changes for the better, really a lot of this is just competition and job shortages.
Common people are suffering across the globe due to high inflation, high unemployment rate.
Then, you see billionaires increased their wealth.
And they want to increase more population. Infact they should half population by half along with India, Nigeria, Philippines, Indonesia, Pakistan, Bangladesh.
We need free Durex
I suppose after 20 year plus of rapid economic growth with a massive increase in the educated middle class, fed with the idea higher education = wealth, when the economy slows down this will occur. Add on the issue that young people can easily migrate to other countries to look for work, there’s a huge issue.
Why not take them to the USA, Japan, France, Germany?
exactly, also with all that AI taking over most of our industries, it's all gonna go to automation, and more people will lose jobs.
@@carlacp8230 they already have, in recent years the percentage of immigrants is the highest in western countries like the US, Canada, Australia, and some in Europe.
Lots of people saying "its not just china, its worldwide" and then listing left leaning cities.
Maybe start voting for a different party?
I feel like I cant get out of my job and rent cycle. I even went back to my family home when I got depressed and think I was content to live with them in my 30s. It was only shame/pride that made me move out as I didnt want to be known as an adult loser who lives with parents (short term was okay). But I get why people do it and I dont really judge others for bowing out
it's insane that we began shaming people for that... the most solid families are those that LIVE together several generations... costs a lot less since everyone share the bills instead of each having their own mcmansion with a mortgage etc.
I took semi retirement for 5 years and recently started work again. Yup people make you feel bad if you don't work properly and just surviving on your savings.
@@T1kr3b3u My family is from the UK but I moved to asia last year. Its okay for them to live with parents but if they dont work I think they also get shamed.
In Italy things are even worse.
At least you have Meloni ❤️
We need a basic income all over the world. Is someone wants a lil more he can work. The most will but if not they don't starve.
For those wondering at 2:31 the song in the background is 'To Love's End' from the Anime Inuyasha. You're welcome
Only the families who work together will succeed.
China is experiencing what the United States went through in the 80's when big US businesses outsourced their production to China and Mexico. Unemployment shot up but the cost of living which was high due to union wages didn't go down. What goes around comes around as they say!
FRESH graduates from Singapore’s four autonomous universities had higher full-time employment rates and salaries in 2022, compared to earlier and pre-pandemic cohorts, according to an annual survey released on Monday (Jan 20).
The median monthly gross salary for fresh graduates in full-time jobs was S$4,200, up from S$3,800 in 2021, S$3,700 in 2020, and S$3,600 in pre-pandemic 2019.
The full-time employment rate was 87.5 per cent, up from 84 per cent in 2021, 69.8 per cent in 2020, and 81.7 per cent in 2019.
Now put those salaries against the rise of living costs and your whole argument is blown out of the water. The salary going up by $400 is meaningless when at the same time food, transport and rental costs are going up faster.
Not sure of the relevance of SG's stats to this video - globally the economies are going through stagflation (recession in severe situations) around the world. So rising employment rates, which takes into account past year's data are not indicative of future performance (you can read into SG's GES methodology to get an understanding)
More pertinently, it is widely expected that a much severe recession will come by late Q4/early Q1 2024 owing to increased debt ceiling in the US, deflationary policies (particularly China) and rising interest rates (which was postponed by the Feds). Coupled with major tech layoffs, the stats above does not indicate resiliency in SG's economy.
Rather, if I may guess, your point of the stats is to show comparisons across youths in different countries? If so, that is easily disputed - I graduated in 2020 and many of my friends struggled to get jobs owing to increased competition. It is also not a best kept secret that most of the graduates got the jobs via informal referrals coming from well-to-do families/friends; since the income gap is so wide in universities, students from lower brackets tend to struggle against their privileged peers.
Hence, the average income stat you posted is not representative of the actual reality in SG, and should not be the basis of comparison to other countries' youth population as each country have their own set of challenges which is not apples-to-apples. 😅
@ 07:40
That reminds of the movie "In Time" where they had "timezones" based on costliness. 🤔
Many of these folks would thrive on a small rural farm or other non-urban environment. Sad they are stuck in large cities with no communal support.
They would even lie flat on a farm and refuse to work.
Why blaming young people who obey the law, and do nothing to harm the others? There can be more severe social issues if young people are pushed to their limit.
As we will see
Man. I’ve been feeling this since I was like 10. With the advent of AI, we as individuals are becoming of less and less value. Such as to the point where the value we create from our efforts become worth less than the energy it takes to put in effort in the first place. And society is more than willing to pay us less than even that effort.
Obviously, you run your mouth without knowing. AI is not taking jobs. AI has been around for a very long time and has only improve people's lives. AI are taking the jobs that were not valuable to begin with. Many people were paid high salaries to do so little and unproductive things. I've seen it way too many times.
@@beethao9380 where are those places that actually pay high salary for people who do little? I want to know. What even is your definition of "doing little" and what is your definition of "high salaries".
@@beethao9380 AI, at the moment has yet to be able to take over other jobs aside from the most basic. Yes AI has existed for a long time. However, AI has been shown to recently have incredible rates of progress as compared to the past. It's able to replicate art to a high degree, write essays that are viable in school (All this happening largely in the last two years), and in recent notice, has had over 30 billion dollars invested in its industry. With all the recent quick progress, and the surge of funding put into AI, it's not unreasonable to expect that a large chunk of jobs, even the ones that may seem to us intellectually complex, may start to be taken over by AI in a decade's time.
@@beethao9380mate you underestimated AI, I am major in computer science so I understand the growth rate of AI is exponential which means incredibly fast, fast enough that singularity might happen
our country as well. This is why I just do any job as long as I get paid. People keeps telling other to get married but refused to look at the economy right now.
i’m american and the way the government said “all kong yiji had to do was work harder!!!” is the mentality that all boomers seem to have meanwhile they haven’t had to worry about a job for decades and their idea of hard work is “go around town passing out resumes and shaking hands, you’ll have to get a job.” or the old “hard work pays off” and “pull yourself up by your bootstraps” … times are changing and that stuff just doesn’t resonate and doesn’t work anymore.
It is so sad, especially when human created more technology to make our life easier
Dans ces moments difficiles il faut prendre n'importe quel travail pour survivre et savoir être patient pour la relance économique. Partout dans le monde , c'est très dur aussi , sinon on retourne travailler la terre en attendant.
Do you want to do adult entertainment video? I'm willing to be your producer.
6:41 "lying flat" deep down always meant "let it rot".
I will easily summarise the situation using a small village economy, the village only needs 1 shaman, but when you tell that everyone can now be a shaman, and graduating 10, we'll do the math...when you defy reality and the laws of gravity, you get this mess
The life of student on campus (university) is much more difficult than the life of student on school. And the number of student when graduation is much less than when start to study on university. So, just imagine how much unemployment rate would be in every country in the world when job and Wage or salary are scarce or lower than cost of life 🤔🤒😢😔😔🙏
not really the case in China, at least 95% of students who entered the college will graduate and get their degrees.
For some better schools, the figure might be 99.9%.
It's not that they study hard, it's the colleges/universities won't fail students easily.
If you failed the exam, there will be a make-up exam that is super easy.
@@leanlifermy question is How many job are able to absorb labor (student who have graduated from college or university) which every year continue to grow up 🤔🤒😢😢🙏? Unless you are in the 15 best campuses or university in the world, probably you will work, where you will be charged and financed by investors to inovate making a policy or technology capable of analyzing a problem and can provide the solution in short periods.