The WSJ has a nice, long story about China’s blind rush into educating their country. They’ve built big schools, cheered on graduates and watched enrollments rise 30% year after year after year. That trend may end now because many of the graduates are discovering there aren’t any jobs for them. After all, China used to make its money by doing the hard work that American college graduates wouldn’t do. But if China is filled with college graduates, who will actually make the things? I can’t say I have the answer.
Jane Yang, a recent graduate, is thinking like an American:
“There are no job prospects for someone like me,” she said during a quick meal at the school’s cafeteria. “I think I’ll just go to grad school.”