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LATAM border like <10k, insignificant % when talking about PRC emigration, especially capital flight real estate parkers you were referencing to. Ditto with low
by dirtyid 3y ago
LATAM border like <10k, insignificant % when talking about PRC emigration, especially capital flight real estate parkers you were referencing to. Ditto with low double digit PRC buying condos in ASEAN for wintering and having access to international schools because their mediocre kids can't hack it. And again, they’re not the cohorts that matter for articles like this.
>ignoring the high unemployment
High youth unemployment, and no, it's fundementally a symptom of why PRC is improving in scitech and industry. State over capacity is generating like 4-5M STEM a year, 20% means they're finding jobs for 4M STEM and like 6M (out of 8M) undergrads, that's a stupendous amount of skilled talent entering the workforce relative to anyone else. West and folks who wank over PRC unemployment should be shaking that PRC ONLY has 20% youth unemployement. Is there enough job supply to match talent oversupply? No, but there's still a fucking crazy amount of jobs to compete globally, relative to when PRC was producing 2M stem per year with 10% youth unemployment. The net increase in high end opportunities is doubling per year relative to 00-10s. Hence PRC moving up these innovation indexes and supply chain value. Not to mention youth unemployment is only high because high household savings lets a lot of urban youth lounge around for options, which aren't always good, eventually they'll give up and settle, which is why broader unemployment is like 5%. Or quoting unrelated stats like home foreclosures that doesn't shit like science output, you realize US S&E output increased during GFC and other economic downturns when people were losing their houses right.