Chinese Graduates Settle for Welfare Jobs Amid Tough Job Market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 8 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Business News

China,Job Market,Graduates

Having failed to find his dream job at a Chinese internet company upon graduation, Peter Liu settled for a role in a state library where there is so little need for his participation that he spends his time studying for a change in his career path.

Having failed to find his dream job at a Chinese internet company upon graduation, Peter Liu settled for a role in a state library where there is so little need for his participation that he spends his time studying for a change in his career path. Liu got the librarian job after a government-led campaign to secure temporary work for graduates, which analysts describe as a short-term solution to preserve social stability in a slowing economy with little on offer for young Chinese.

Such 'welfare jobs,' as they are known in China, include roles as receptionists, office administrators, security guards and community workers

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Micron Sued by Rival Chinese Chip Maker Yangtze Memory TechnologiesThe company is being sued Yangtze Memory Technologies for alleged patent infringement as U.S.-China tensions heighten over access to semiconductor technology.
Source: MarketWatch - 🏆 3. / 97 Read more »