Daily Archives: July 11, 2013

Is China choking on college graduates? Race to America!

China’s slow economy forces college grads to live in “ant colonies” July 11, 2013 7:25 PM BySeth Doane (CBS News)

Despite having a college degree, wages are low for job seekers. At a recent Beijing job fair, graduates know the odds: only 35 percent have found work.

More than a million recent graduates have ended up crammed into cheap subdivided apartments. They’re packed in so tight, they’re nicknamed “ants.”

It’s Race to The Top for America’s public schools and Race to America for Chinese college graduates! If Markell and Arne Duncan are pushing for Delaware students to compete in the global economy with China, why then does China not have enough jobs for their own college graduates?

Is the supply of college graduates exceeding the demand in America and China?