Wednesday, May 30, 2007

China Job Survey

This was a recent article posted on the China Economics Blog, on May 3rd, 2007, which talks about what the new generation of Chinese graduates, the ones entering the work force, are looking for in their job hunt.

Namely, the desire to work for a foreign owned firm and why so many still want to work in the government sector - the percentage here seems way out of line with Western countries. Is this because the job is "safe" or because it can pay so well (legally and illegally).

The "social networking" aspect also appears to be a strong determinant and is a variation on the UK's "old school tie network". However, the economic consequences can be severe as less able applications get the jobs due to their "connections". This will eventually harm the economy. A system based on merit alone would be a far better alternative.

Finally, it is clear that the pay expectations of those in the survey are relatively low. If we compare their wages with the cost of an overseas education it is clear to see why less Chinese are coming to the UK for undertake postgraduate (MSc Economics) and undergraduate studies (BSc Economics).

To view the entire article at its original location click on the title of the post.

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