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I've Shed All Idealistic Work Expectations' China's Jobseekers Face Reality
I've Shed All Idealistic Work Expectations' China's Jobseekers Face Reality
“My gap without work is so long that it’s causing huge anxiety for me. Many
people of my age are facing mortgage pressure, so between idealism and reality,
the priority for us is to survive.”
The jobless rate for the 25-29 age group stood at 6.4 per cent in February, up
slightly from 6.2 per cent in January.
Vice-minister Liao Min said last week that the Ministry of Finance would lead
government-backed financing institutions to favour labour-intensive enterprises
to address the employment challenges.
“We anticipate leveraging an additional 1.3 trillion yuan (US$180 billion) in loans
by 2024, stabilising over 12 million positions and driving the creation of over
600,000 new jobs,” Liao said.
He added the government would provide entrepreneurship subsidies to
university graduates or those with employment difficulties who first start small
businesses to unleash entrepreneurship-driven employment.
But while the government is trying to ease the pressure on employment, young
jobseekers are also struggling to find their way out.
Maxie Wu, a 28-year-old programmer in Shenzhen, resigned from his job last
month due its gruelling work schedule, only to find fewer job opportunities
available and a pay cut of around 30 per cent “If I had known the market would
be this tough, I would have preferred to [stay with my previous job] and work
until 11pm,” he lamented.
“If I had known the market would be this tough, I would have preferred to [stay
with my previous job] and work until 11pm,” he lamented.
“I’m really anxious, mostly about whether I should continue to be a programmer.
Even if I survive and find a job this time, in two or three years, I would still need
to face the crisis of being replaced by the younger programmers who cost less
and have more energy.”
Wu considered if he should pursue a less competitive career, such as being an
electrician, even though the job receives less social recognition.
“My situation is better than many graduates, as I at least have experience. Many
graduates told me they have been unemployed for six months or even a year, and
some even said not finding a job within three months is already normal,” he said.
“This kind of disappointment with the job market is a blow to people at any
stage.”