I want to correct I messed up reading NBS calculation methods. PRC already use comparable youth unemployment calc as US. But general point remains, PRC youth u

I want to correct I messed up reading NBS calculation methods. PRC already use comparable youth unemployment calc as US. But general point remains, PRC youth unemployment different kind of problem - it's reflection of state overcapacity, problem of excess is different from problem of paucity, which is what US is dealing with in terms of skilled talent shortage. PRC general employment ~5%, which means most youth either give up or end up in workforce eventually. People work if they have to work. The important consideration is if enough of them work in relevant sectors to push PRC up value chain, last few years show that is happening. Recent reports PRC moving up value chains, science and innovation indexes coincides with trend of increasing youth unemployment since it's lag effect / byproduct of PRC was spamming as many bodies into tertiary as possible. Surplus has been trying to find places to go for years, from bureaucracy to other stable state jobs, and maybe eventually they'll eat bitter like Xi wants and start filling well paying blue collar jobs. Society is eventually going to accept/reckon with with talent over production. IMO Saturating society with more talent than needed (or more infra than needed) is better problem than shortage.