Posted on 01/17/2024 8:41:48 PM PST by FarCenter
BEIJING -- The effects of China's flagging economy on employment are extending beyond university graduates having trouble finding work, as workers in their 30s face increased risk of termination and struggle to find new jobs.
"We're looking to hire people born after 1990, and are unable to offer you a position at this time," a 35-year-old living in Foshan, Guangdong province, was told when he went for a job interview. Born in 1988, the man -- who used the pseudonym Zhao -- was turned away because of his age.
Zhao has worked for several manufacturers of automobiles and related parts. He quit his job last spring in search of a higher salary, but doing so turned out to be a mistake. Even with the auto industry benefiting from the rapidly growing electric vehicle market, Zhao said he "didn't hear a word" back from the many resumes he sent.
In an April 2023 survey by human resources company Zhaopin, 85% of workers said there is or may be a barrier to finding or keeping jobs past the age of 35. People in the internet, finance and automobile industries are particularly worried.
Those in their late 30s tend to have higher household expenses due to factors like child care. "As an employer, we cannot afford to pay child care allowances," a person giving her name as Fan, who is in charge of hiring nurses at a private hospital in a city near Beijing, said by way of explaining its age cap.
Companies that have struggled to improve earnings due to the weak economic recovery are cutting labor costs. Not only are they curtailing hiring of new graduates, but many are also laying off workers in their 30s and 40s and replacing them with people in their 20s at lower wages.
(Excerpt) Read more at asia.nikkei.com ...
It’s a myth that the U.S. needs more workers also. We have at least 50 million people on welfare who we pay to sit home and spit out kids. Meanwhile the chamber of commerce is lobbying to keep the border open so the illegals can flow in to work at cut rate wages. The obvious solution would be to stop paying people to be idle and close the border. Our welfare class will get off their butts and pick lettuce if we stop paying them to sit at home, but then the democrats couldn’t buy their votes with welfare so it’ll never happen.
No matter where you live, never quit a job until you have another one lined up.
China is not a very sound nation going forward. The more
time that passes, the median age of its citizens skyrockets.
I’ve read reports that China will have half the populace it
has now by 2050. I can’t say... (interesting none the less)
700 million. But the problem is that by 2050, it will be like 500 million people over the age of 40+.
That’s true.
Not only will its populace be much smaller, but they will
still be stuck with an older population.
Five years ago, I wouldn’t have realized it was headed in
this direction.
Some Workers Paradise, eh?
the Wuhan lab will sort it out with another bio engineered Bat Virus that escapes a secure bio lab problem solved.
Agreed...
I hope not, but I’d be lying if I said I think I’d be right.
It looks like the Chinese stock market might be starting a crash. The CCP has taken drastic action in the past to prop up the market, so it isn’t clear how things will play out.
Chinese employers are saying even people in their 30s are the equivalent of Sheng Nu (ie “leftover women”....ie women on the wrong side of 30 in the dating market).
Harsh.
There is an easy two part solution
1. Make illegals ineligible for public benefits.
2. Crack down hard on employers who hire illegals.
Shut off the money spigot and millions of them will self deport.
You are exactly right. Corporations and politicians know this. But working class people soon realize it’s hard and they are taxed beyond belief. It actually pays more without taxes to sit at home for entry level positions and now even mid level.
And that’s just the way the government corporate complex likes it.
Every one in China is having trouble finding work.
Check out the situation in Shenzhen which was one of China’s ‘miracle cities’ - now nearly deserted.
Shenzhen Deserted: Factories, Shops, Worker Dorms All Demolished! Now a Relic of the World’s Factory
https://www.youtube.com/watch?v=Ei7npSohz4M
I like this - Shenzhen went from a small country town of 500,000 ...
Most low end manufacturing assembly work has disappeared, leaving millions unemployed and more millions unable to find work and now homeless because the company dormitories where they used to live are now closed.
This is due to the Chinese “changing birds in a cage”: from a low-end, labor intensive, assembly manufacturing economy to a headquarter economy where every city becomes New York, Tokyo & Hong Kong.
This is a replacing of the cheaper birds in the cage, with better birds that consume less, lay more eggs and fly further.
More
China’s Worsening Economy: Firms Lay Off Without Compensation, Moving Companies Deep Into Mountains
https://www.youtube.com/watch?v=yv4uigr0Ois
China’s Detroit? 4 Million Flee This City, Housing Prices Halved With No Buyers
https://www.youtube.com/watch?v=bGjrVzn3SW4
China’s Economy is Failing- And It’s Way Worse Than You Thought
https://www.youtube.com/watch?v=Wa3b0ruda4c
996 work week (google it)
No labor protections
No environmental protections
Huge desperate labor supply
Dirt cheap wages
IP theft all you want
Illegal dumping all you want
—
No social safety net:;
No Social Security;
No Supplemental Social Security;
No Medicare;
No Medicaid.
996: 9AM to 9PM 6 days a week
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.