[ftmootnomoat]

It works in China because they have growth. In the west thousands of college kids thought they could land cushy management positions or at least highly paid expert jobs.

Then these kids realise these jobs don’t exist, that they should have gone to trade school instead, and that their student debt will cripple them for life.

Same thing will happen in China. For now their economy grows so fast it can absorb many intellectuals, but that won’t last forever.

[pfisherman]

We live in a globalized economy. Rapid transport of people, goods, and information necessitates it. The high paying STEM jobs will go to wherever there is an abundance of talent, and the network effects are quite significant.