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What Is a College Degree Worth in China? - nytimes.com

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A job fair for college graduates in Hefei, the capital of Anhui Province, in October.

While China's economy keeps growing at a rapid pace, the dim employment prospects of many of its college graduates pose a potential economic problem.
According to recent statistics, the average Chinese college graduate makes only 300 yuan, or about $44, more a month than the average Chinese migrant worker. In recent years, the wages of college graduates have remained steady at about 1,500 yuan a month. Migrant workers' wages, however, have risen to 1,200 yuan.
 
02rfd-image-custom7.jpg


A job fair for college graduates in Hefei, the capital of Anhui Province, in October.

While China's economy keeps growing at a rapid pace, the dim employment prospects of many of its college graduates pose a potential economic problem.
According to recent statistics, the average Chinese college graduate makes only 300 yuan, or about $44, more a month than the average Chinese migrant worker. In recent years, the wages of college graduates have remained steady at about 1,500 yuan a month. Migrant workers' wages, however, have risen to 1,200 yuan.

Why are you posting a post from the debate room of NY.times dated back in 2010? :lol:
http://www.nytimes.com/roomfordebate/2010/12/02/what-is-a-college-degree-worth-in-china
 
Why is this a bad thing? China now have more higher educated people and the competition in the academic area becomes fiercer while the laborers get a much deserved raise in salary.
 
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