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I think this statement is not completely accurate. First, it doesn't factor in the expansion of higher education in the last 20 years. I don't have the statistics at hand, so I will just use my hometown as an example. Exactly 20 years ago, ~120 high school students from my hometown were enrolled into colleges (including both 4- and 3-years colleges). This year, approximately ~1400 will enter colleges this fall semester. That is more than 10 times. Note the total number of people of ~18 years old hasn't been increased. On the contrary, I think it is decreased, as a result of one-child policy. Second, I think it has become common that countries, including USA, have been struggling to create enough white-collar jobs. I have both current and ex- colleagues who graduated from Ivy Leagues and are/working in customer service, support, marketing associates, etc. What they majored in colleges, like English, Classics, Psychology, etc. really doesn't help them much on looking for their first or second jobs. It is similar in China, but I wouldn't say it is worse or better there. |