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.
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.
Workers rights activists are leftist activists by virtue of advocating for workers rights, IMO.
It’s all just a 5D chess move by Dear Leader Xi. You filthy capitalist pigs won’t understand.
This they will say it’s the US’s fault, for corrupting China with capitalism.