Not Just Young People Struggling to Find Jobs, Middle-aged Faces the 35-Year-old Barrier!
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- เผยแพร่เมื่อ 13 ก.ค. 2024
- #chinainsights
Amidst the rapid economic downturn in China, while everyone focuses on the persistently high youth unemployment rate, middle-aged individuals are also increasingly facing unemployment. These middle-aged individuals, born between 1979 and 1989, are now aged between 35 and 45. They typically support their aging parents and young children and often have car loans, mortgages, and tuition fees. Many families have two working adults supporting four elderly parents and one child. If the wife does not work, one person supports six others...
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Dear friends!
We apologize for an error that occurred during the editing process at 4:06. We mistakenly highlighted $110 billion. The correct: 'At its peak in 2013, net foreign direct investment in a single quarter reached as high as $110 billion. However, by the third quarter of 2023, this figure had turned negative by $11.8 billion.'
We sincerely regret this mistake and will ensure greater accuracy in the future. Thank you for your understanding.🙂
Please fix your exchange rates too. In the first few anecdotes, the guy mentioned 100,000 yuan at @$12,000, but that's not the accurate exchange rate. It's around $13,500.
@@murfnturf23doesn’t the exchange rate fluctuate regularly. While off, I’m not certain it’s enough to be misleading. I mean, at the time of typing this 100,000 yuan is actually 13,774.29.
This is happening all over the world!
@@dividedpersona I was going to actually type out 13,774 too, but gosh, 13,500 is a lot closer than 12,000. This video can't be that old to make it unreasonable to give a more accurate number.
@@murfnturf23 Thank you for your reminder, we will pay more attention next time🙂
That's why having family and children nowadays is crazy.
It’s always been difficult to have a family.
Poor people have always been in the world it’s just changing who the are poor these days.
@@evanmcarthur478 a man could support a family on 1 income back in the day
imagine being finished at age 35.
That is so crazy…35
And can’t retire till 65
Sounds like Mexico
Imagine thinking a guy with 15 years experienced is worse than someone right out or college lol
I don't have to imagine it
So in China 35 is middle-age. Great culture indeed
What age is middle age?
They forget that most of the officials are over 35. So they can't apply for their own positions. Good luck with the collapsing logic of this.
it is kindda true - it's middle of your life if you consider people living till 70-75
@@floriandelalee4298in. America middle age is 45 to 50
The average retirement age in China is 54, so why can't 35 be middle age? The problem is not how you define middle age but whether you use it to discriminate against some job applicants
In America and the rest of the world , 35 is still young. I can't imagine having been called old at 35. At 35 I had my 2nd baby!! Why go to college only to have 10 years to work before being forced out of a good job. The college graduates in China need to leave China in order to have a decent future.
My Dad retired after 30 years teaching middle school English in his 50s. Then, a publishing company hired him as an editor. He worked almost another 10 years and retired.
I'm 34 a foreigner in China, they call me 'very old'
Same. I am 45 and am doing another degree at uni while working so that I can move to higher position in company
I was at a job fair here in America and the job fair organizers gave a job-seeking tips workshop. One of the tips they said was to delete any work experience that was over 10 years old. They didn't get into the context why, but you can sort of figure it out and take your pick - showing 10 or more years of experience can make you an easy target for age discrimination, it exposes candidates who recruiters and managers might think would demand high salaries, and/or the fear that these kinds of candidates were flight risks. And there's always the 'culture' fit' excuse overlaying ageism. So...35 can be considered old in some American industries.
Not only in China, but the rest of Asia... Once you hit 35, good luck finding a job. Age discriminations is very open and you'll even see it on the ad (i.e. no one age 32 and above will be accepted).
Well the local Chinese wanted Japanese, American, and European companies out of their country….. they got what they wanted
I was director of a graduate CIS program and one of my students, a 60yo man, asked why he should continue getting his Master's. I told him that in 5 years he would be 65, with or without the degree, but the degree would give him more options. The following semester he asked if there was a way to finish his degree online - he had gotten an offer to be a project manager at twice his current salary plus moving expenses. The company said that besides having the current knowledge and skills they needed, his pursuing a Master's at his age showed he was open to learning new things. so, 35 is over the hill? Sheesh.
I once knew a man who won in a lottery, is playing lottery useless? Sheesh.
The problem is not that there is actually no such thing as being too old in case of intellectual workers. The problem is that majority of management positions are held by complete i....ts, who think linear and short term, and who might have even finished your graduate program.
It is hard to convince bunch of people of the fact that earth is round, if they have learnt in an university that is a square. Did your graduade program taugh any of your students about system theory, system dynamic, control theory/control engineering, statistical process control, statistical variation, design of experiements, human motivation, etc?
If not, congratulation, they will discriminate older workers too.
Also the government "why nobody want to get married or have kid?"
Here in Canada and the US, especially in the big cities, being a single 35 year old is like being in your mid 20s.....
35 is when you're at your prime.
@@GreenD650 Do nfl or nba draft 35 year olds? no, 18 - 22 is your prime, not 35.
@@videogamingmemories That's specific to sports, as the body has its limits. It's expected the sports(wo)men to earn enough money to retire or learn new skills and do a normal job after the sport carrier.
@@videogamingmemories NFL and NBA do not represent the society in general.
@@GreenD650 But they do represent when humans are in their prime, that is why the nfl don't draft 50 year olds, cause they are not in their primes.
Owning a home creates peace of mind. That's all people really want is peace of mind.
I could manage without my home. Built it in 2023. Got a wife. But a home confines and domesticates you. Sure for retirement, fall back on or work break, home is nice. But being on the move for jobs and opportunities is just as good.
If there's no mortgage, then yes
@@lingfengge6666 mortgages are for the poor and uneducated or lazy.
California city, and government and corporations paid for my first home in Anaheim. Second home built in cash. No property taxes. No mortgage. Easy life.
@@sagepirotess6312 LMAO, you forget to take your meds today
@@lingfengge6666 nope my million dollar house 300k at time I bought it for 10k of my own money, was rest paid for by California taxpayers, the city. Some corporations and even a few rich folks.
I feel the most for the 37 year old lady 😢
At least she is pretty. There is probably more to her story where she hasn't mentioned the opportunities she didn't take.
Chinese retirement ages for these groups are 50-55. They are not really retiring, just a way for the CCP to cover up unemployment.
In a regime that reduced the threshold for poverty to claim they have lifted many from it, it make sense that being "young" has it's threshold reduced as well.
If you actually retire at that age in China you'll probably be homeless and destitute. This statistic is fake. If it was real there'd be evidence of all those retirees.
Here is a fun fact mate, the retirement age in Germany is 65+ for men, and they are thinking about increasing that one too. Same goes for USA.
Good luck finding job after you hit 35+ in any of these countries. And what a surprise, no CCP is involved in any of them.
Overpopulation Overpopulation Overpopulation and AI! Scary,horrible times!
now... under population and societal collapse. oh and we are removing the only great part about communism, the social safety net lolz.
That's because older people are more expensive for the companies. They'd rather hire those uber-qualified young people because, most of the time, they will earn less and would never be allowed to have a rise for being "too young" and lacking experience. This is normal pretty much everywhere in the third world.
35 yrs old is the new retirement age. Those that are single are lucky.
Amen to that!
Your wife will yelling of you all day, if you have one..
your friend stole your money. Never give your hard earned money to a so calld friend for investment. it is just a scam to get your money.
I thought that too!
Know your friend before u lent out the money, if it’s a good trusted friend then lent the money. My friend asked me to lend him some money years ago n we were childhood friend,so I know him. I just gave him $20K n I didn’t ask him to pay, a year later he paid me the full amount.
@@KayDav-q3z
Yeah don’t just say never, it depends who you loan money too.
I lost my job at 36 years old and I understand the ‘pretending to work’ for 9 months so as not to make my love ones worry! I am much much better now. Don’t give up!
Don't give up but the situation these people are in is wayyyy worse than most people. China is collapsing not having a minor recession.
At the company i work for they fired all the old people and rehired cheaper younger people. This shady stuff is also done in the west....
Should be illigal........ some of the people spend their lives building the company....
My heart really goes out to these people. Their situation is so difficult. I pray they will be able to persevere, survive, and thrive, no matter what. I pray they don’t succumb to destructive habits and behaviors, like drugs, drinking, gambling, cheating. I pray they have families and friends who can understand and help them, not make it harder. I pray they will be able to make the necessary sacrifices to make it through the dark path, where they will eventually see the light. This too shall pass.
It's time to start young people to build their own retirement instead of relying on their adult children. Stop spending all your money on your children. Put money aside for your retirement. I learned at age 15 that's what I would need to do once I became a young adult on my own. To this day I thank my late mother for teaching me that lesson at such a young age. I'm now retired and have decent funds to live off of. No way would I ask my children for money. Young People of China need to start savings for retirement.
Trust me. They wish they could, saving money for a rainy day is the least notion a Chinese takes in while they are still young, but more than 90% of the population have no full covered health insurance while earning a pittance to barely make ends meet. Picture that, they are eating junk food cooked by gutter oil and synthetic food with lame additives, breathing intoxicated air, a vicious circle. Let along those exorbitant tofu-dreg flat’s mortgage and offspring education fleeced by the school teacher at large. This country is going crazy. I am an average Chinese. Welcome to have a look on we underclass. ❤
They're expected to care for their parents, spouse and children. That particular generation was from the "one child policy" era in China, so it's all on them.
@@sunnydayempire6964Too bad they have too much shame to move somewhere else and care only for their children. The current system really is holding them back, in more than one way.
Middle age people should start to think about owning your own small business. Now that nobody wants you once you are over 35. Go to a trade school and learn a skill. Become a barber, a shoe repair man. Look for niche market, become a maths teacher. Never work for these people anymore. Become your own boss
Amen to that
"LOGAN'S RUN" is slowly becoming a reality.
pooh wasn't kidding when he said that the chinese should eat bitterness
Just remembered about my old college professor. The guy worked in the Treasury department during the Great Depression. Had a mandatory retirement from Columbia University and one of his former students asked him to part-time teach 1 semester a year (in a very nice location in the US). Basically a vacation for him and his wife. He taught 2 classes per semester for the next 20 years until his late '80s. I think I was one of his last classes.
At 35 you're too old to be shaking your ass in a nightclub. But as for work, it's supposed to be your prime.
No :(
So in Indonesia, the common maximum age in job market for women with bachelor degree is 25. So I want to go from my country. No I hear China's problem, I feel like this problem will eventually exist in some countries:(
lebih parah di negeri kita anjir
The ideal age for new employees is 40, these people have had 24 years to learn a career which will make them good at it, they are still fit and healthy enough to work for at least another 26 years until retirement.😊
35 is middle-aged ... ?
The last thing they lack of is MANPOWER … if you refer to their population.
i see lots of shocks in the comment, but in a country with the most populated citizen, yes, there are many young people, and that makes you easily replaceable.. even in china, the retirement age is around 50-57 years, especially for a job that demands physical fitness...
Everyone needs to wake up! Yes 35+ is middle age. You will not become a 100 years old. We have been programmed to think 50 years old is middle age but reality is ..average people will die arround 70 years old maby if you are lucky 80+ but yesss 35+ is middel age.
same here, I had a job interview in Shenzhen, the boss told me that I was old although I'm 34 and have a master's degree, speak four languages. even though I'm a foreigner, I faced this problem, so I'm going back to my country after I studied seven years in China.
It's similar to the Japanese bubble with the unemployed pretending to work and not telling their families.
Japan has unemployment problem?
On America, my daughter, age 36, just got a high paying job with the federal government. Thirties is way too young to discriminate. In my last job I retired from I got at age 32 and retired at 61.
America is my dream country...
They tend to want younger workers because they are easier to control and not as experienced in life yet. The younger workers aren’t wise to employers’ bs. It’s like that where I’m from as well.
Most importantly, younger adults work for less and will be less likely to quickly look for a higher paying job compared to an older person.
And cheaper.. they're paid under standard wages
the pressure that chinese people feel are unreal
they´re also smart I can imagine the competition is extreme
35 is middle aged now. Thanks 😂
South America it’s the same 40 and up it’s too old it’s disgusting how this capitalist society is the worse , we humans don’t have freedom to work and live life decently !!!
It has always been the norm in South America because it is cheaper to hire younger people, they work harder and don't complain as much as older folks. It is totally different from the US, where people actually care about their work/life balance.
I feel for the middle aged guy, sucks to have everything established and rug pulled under your feet.
Sad to see that the careers in our generations are very short as there is always an endless pool of cheap fresh younger candidates to fuel the economy/ corporations
I love the personal blog videos. It makes the information more personal. Thank you.
35 is supposed to be darn near prime for guys. Im hitting my 30s soon and have been in better shape these past few months than my ealry 20s.
End age discrimination!!
Anyone who opposes to this must think, this could happen to anyone, including YOU
How?
That is crazy to hear other countries and how they deal with the job market. Here I am, depressed, and feel like I do the bare minimum for work…ie: working enough to pay all my bills and a little to set aside each month, but no longer have that motivation to strive for bigger and better things. Degrees and salaries vary wildly in other countries too….wow
When you are 20 yo, you can move back to parents. When you are 35, you are likely to have kids and mortgage.
The reason China considers you old at 35 is because they have so many graduates coming into the market each year that the government wants these people retiring to make way for the new entries into the job market. Absolutely nuts society.😅
No, the reason is the mor...ns in management positions, that think linear, short term and do not know of any better way of increasing productivity and profitabiltiy trough any other means as exploitation.
When Japanese came to USA with several industries, they almost anihilated everyone in it, and would destroy everyone if not protectionism.
It took about 20-30 years fo US companies to realize, that they beat them trough different management approach, tried to copy it, and failed every single time!
China went same route, explitative management, whose negative effects were not noticeable as long as workforce was cheap and the costs were low. Now, the costs went up, the workforce is not as cheap is it was before, and their economy will be f..ked up in the upcoming decades, if they don't change that approach.
What I understood within 5 seconds of the start of this video: High concentrations of smog are rampant in the skies of China.☁️
I love the CCPs surprised Pikachu face as to why ppl arent having kids 😅
0:29 "If the wife doesn't work" that's part of the problem right there. This is a luxury Chinese can't afford anymore.
woooah woah woah.. can we cool it on calling 35 middle aged? Sincerely, a 36 year old
Many places are only hiring youngsters if possible especially the listed companies, share holders wants young, cheap and hungry , compared to 40+ who are less competitive or needs dialysis etc. thats the trend for open society including labor w/o borders.
Healthy economies have A LOT of weird jobs that create the middle class. Jobs ie like my Mom's career: Speech Pathologist, Volunteer coordinator (paid position), Dentist office manager.
In Indonesia it's not even 35 Barrier, it's 24 barrier! Most job vacancies state that "Max 23-24 yrs old, Good Looking, willing to work overtime!"
My heart broke for the 37 year old woman. Communism brings nothing but misery. 😢
That young lady's story is truly heart breaking. And so pretty!
what does capitalism bring? look at the west
@@shubus never mind about the guy with kids. Simping over an unmarried woman with no kids congrats
@@aaaa-fw8ru Had to pick somebody from 200,000,000
Confucianism did this
Omg, this is strange, I am a single 57 year old female living in the US and still working at my job, making $165,000 a year. And no one is asking me to leave my job or letting me feel like i am too old to perform my duties. I just bought a five thousand square feet Private beach front villa to rent as Abnb . This will be my second home . I am truly sorry for those women and also the men as well.
However, it would be advisable to never live beyond your means and always keep resources for a worst case scenario. Life has the nasty way to suddenly put everything upside down....
@@globalcitizen8321 agree, just because you're earning 6 figures now, doesn't mean you will be earning that amount tomorrow.
Lots of layoffs at this moment, like eveng FANG couldn't escape it
57, single, earning 165G. We need to hook up. ❤
35 is middle aged? I thought that started at 45 at least
This age curse is really widespread in Asia. In japan too, a bit better now but it used to be almost the same. Now they work at any age but usually those who work at an older age, passed the retirement FYI, usually they get either simple jobs or, if they used to be managers, they are employed by their company and paid a much lesser wage, while receiving part of their pension. Is quite weird tbh. China feels like japan in the 90’s , with the difference japan was technologically a powerhouse and was a democracy who didn’t have half of the western world against it.
Not only China, but also Thailand, US, etc. World economy is so bad.
Only China
6:41 the chinese brainrot is in their genes, this guy is telling what's probably a really sad story about him not finding a job AND STILL he manages to slip in the brainrot by adding a "HUUUH???" sound effect.
LOL Remember in the 80s when I was a kid and they had all of these stories where the Asian characters were so wise and when they spoke it was always to spew nuggets of wisdom. It was a stereotype that was not true. Only now do we know about dog meat, bile farms, genocide/camps, etc.
I thought middle age is 45 to 50 years old.
It was a bad financial decision to buy such high priced property. To rent the same property is 8 times less than a mortgage. It would make sooo much more sense to rent rather than buy.
Why do we keep hearing that the former one child policy will leave China without enough workers if people over 35 can't find jobs?
Macro vs Micro.
Population is a macro issue.
Specific employment is micro.
@@HKim0072this just isnt relevant at all. If the macro economics of a local area destroys a career path or industry, it doesn’t matter what the microeconomics of the situation look like, the layoffs will simply reflect this and punish all workers equally.
Industrial society and machines and automation doesnt really give much thought to the age of the workers its replacing.
So yes, although the one child policy and its history will leave china with population imbalance issues like what we are starting to see now, this doesn’t at all correlate as to why workers are getting laid off. We are not seeing jobs go away because of aging workforce or demographic changes on the micro level. These are jobs taken away on the macro level because of automation
@@bobdole6691 lol, you are babbling about non-economic terms. Honestly, have no clue what your point is.
Population decline creates a drag on GDP due to less consumption. It weakens the tax base and creates an inefficient use of public infrastructure. These are macro factors.
Mismatch of labor skills and specific company hiring decisions are micro factors.
Weirdly, you made some assumption that macro and micro factors are isolated and don't impact each other. They do.
Chinese government to blame .
West Taiwanes struggling
The problem is that they make thousands and thousands of videos complaining about their situation, and yet, none of them mentions their political system and their officials.
do you think they can?
so true. what's more, they buy ridiculously expensive cars, I've never seen so many BMWs, Porsches, Mercs. I met so many people in China with ridiculous auto loan debt, mortgage debt, credit card debt.
And then they make these sob story videos, wanting people to feel sorry for them!
As if the situation was any better in USA or Europe.
Does your complaining help you much? The rich get richer, and the poor get poorer.
And the f....ols think, that their votes do matter.
This also happens in US. Hard to get job when older in US, too.
Over 45 is very difficult in the USA. Over qualified and too old is the mantra.
Unless you are totally incompetent, anyone can get a job in the US.
Walmart mangers make 120k now,
The job market is so bad now it's very hard to tell what is ridiculous employers posting fake jobs or discrimination. Everyone keeps assuming discrimination but McDonalds aint hiring anyone either even if they have a "hiring" sign in the window
@@keithpalmer4547over 30 here in Indonesia.. how pitiful right?
In India too , in a way
35 is middle-aged????? Damn. I guess I'm middle-aged.
1:06 - 3:40 ouch😬☹
4:43 - 5-45 what a cruel way to imprison someone vased on their current state of age. It also points out another major flaw within the Chinese workforce & job market.
5:46 to this father he's not old & he's still fairly young at his age.
7:30 sheeeeesh, she's really put at a disadvantage & what makes it worse is that she's a female in China & IYKYK😬😬😬
8:40 - 9:33 I don't blame them for wanting peace & to not be seen😬😬😐
9:43 what a day from this individual.
12:36 well damn & all of this for being pregnant while on the job😦??
13:58 that is brutal to learn about from her😟☹
16:00 being a woman in China is its own challenge & barrier☹
Imagine competing with a billion people that look just like you. 😅
Very sad hearing some of these people. pray for them getting back on track..
You can say what you want about us Americans but at least we don't discriminate about age for jobs my dad is over 70 and still works harder as a laborer than most
You kidding there is ageism. Maybe not as bad teachers still working at 75.
Nice joke bro, you made me almost belive that you are serious about that. You have a bright future in front of you, in comedy clubs.
Well done WTP!
Has anyone else got a temu ad at the beginning of this video? 😂
Use an adblocker. There's no need to waste your time with ads.
How can there be high youth unemployment in China when employers don't want to hire anyone over 35? Wouldn't that mean they are only looking for young workers under the age of 35 as eligible to hire?
This is the question that nobody can answer, being below 35, you are to young and unexperienced.
Being above 35, you are too old and overqulified.
So, the answer is = nepotism, where your age and qualification does not matter anymore, you are taken due to knowing someone who knows someone who knows someone...
This is the sad situation at the moment everywhere. Bad management works everywhere badly, so no wonder that the symptoms of it are same everywhere.
I don't understand why Chinese people are supposed to support their parents, what happened to the parents retirement savings or the so-called China Social Security System. Very rarely here in the USA do you hear people saying they have to support their parents, sometimes the elderly parents will live with their children after leaving their own places of residence or go to a nursing home if their health is deteriorating. I planned for retirement while working with my 401k & other investments, I retired 2 years ago at 55 but my mother died in 1995 & father died in 2011 at 85 years old but he still lived in the family house own his own & paid all his bills with his $ in the bank & or monthly Social Security till he passed away, he never asked me for a penny!
Chinese SSS has always been woefully underfunded and poorly managed. People forget that chinese wealth and growth has only been the last couple of decades. Unlike America which has had over a century of policy and infrastructure . . . China much like Russia has always had a historical problem with how wealth gets siphoned out of the broad economy. Asian countries have always had this emphasis on family, but unlike China its' neighbors dont have the same problem. Vietnam the children can leave or they can live in the same house. Cambodia and Laos is about the same. The reason why is both cultural and social, with the society in this case being so low trust and poorly managed that you have NO chance or hope of actually retiring without risking homelessness.
It's East vs West values. It's like this in Korea and Japan as well (to a lesser degree though). Japanese people seem to work forever. In Korea, it's usually the eldest son who is responsible for the parents.
Only a small minorities of countries such as the west have such privileges thus the refuges crisis and these countries are going bankrupt soon unable to compete with the other parts of the world. Elderlies are doing petty crimes to be caught so they get free lodging and food. The world a very unfair place such is life.
To be fair i wouldn't trust the US or Chinese social security system. In fact you shouldn't trust anything with the word social in front of it. Only trust your personal investments, they're your own. Pension funds and social securities all over the world are gradually becoming unsustainable, the rates and age you can draw them from were established long ago when life expectancy were much lower and the population is always growing so the next generation that pays into it is expected to be bigger than the last. With population decline in the developed world and people living longer governments will soon be pushing back retirement age and increasing taxes to sustain all these "social security" projects.
Jesus. Since when was 35 middle aged?
At frist glance it seems unwise to keep inexperiences people in, instead of people with years in the field
35 isn’t old. In fact it’s a great age ever when you’re reaching the peak of your career. Losing jobs at any age any where is just as horrible. I personally think 50 or 60 is the worst.
People were also getting jobs that didnt pay them.
They've already given you a job so why ask for a salary?😁
At least their view of "middle age" is more realistic. I am 44 and people keep telling me I'm so so so young and look at me strange if I say I am middle age. I think in the US we oddly pretend middle age = old. Many boomers still think they are middle age not realize there is then an "old" category before "elderly"
The 44 year old guy's story sounds like a typical one in America in the 1980s and 1990s when jobs were being lost to Japan and China. In fact, the stories of these unemployed people sound a lot like what happens in the USA.
Dude goes to the library, has lunch, a big freaking NAP and then 2 hours of browsing the web and watching dramas ... and is like BOO HOO POOR ME wtf that sounds great
Yeah but he's not getting paid for it and has family to support. It's much more stressful than simply library naps.
So whats next, 30 is gonna be middle age?
I don't understand how 35+ is old, that is prime senior level experience? I also think globalisation such as the being reliant on the US is ridiculous. I know Russia is thriving as they've got their own and not reliant on outside sources.
Russian is thriving in what way? Many are poor and have no opportunities
And they want them to have more Children.
At some point the older people might be better. I find older workers are more dedicated than the young. Of course when you get into the 60s health becomes a problem.
Blame your President and the CCP
Pretend to work? Where do they get the pretend paycheck?
Severance pay. They can keep up the charade for a few months and then have to fess up.
@@HKim0072 ah gotcha.
😢 the fault of gvt
Government no respect for people in China
So sorry for all those people❤
Soon 30 will be too old with overpopulation, AI and lack of investment
That guy saying everyone can do financial consultant is definetily wrong. Consultant takes YEAAARRRSSSSS to build up the skill and knowledge. Way harder than hard skill.
Where do you find all these Posts/Stories from these individuals that you share with us? II would really like to reach out to some of them and offer some help and support. I am retired and moved to the Philippines where the US dollar goes a long way. I don't DARE give to a charity, because we ALL know where that will end up. Just wondering and just trying to help..
keep your money to yourself before you get scammed out of it.
When you focus to much work and no partner what do you expect? your only an employee who could always be layoff.
@13:38 her mental health story was very relatable. and it sucks that she's much older and wiser but all the more OLDER. Therefore her employment, marriage, and retirement prospects are very shakey right now... I wish her all the best, but maybe she needs to find a good female roomate or sibling that she can live with until she is able to stand on her own two feet. It's a desperate situation, but she MIGHT be able to turn things around if she becomes very frugal now and starts working extremely hard until 60. Where she may be able to have some sort of savings and a decent life in retirement (she'll still be working but atleast not as much...)
So how old do chinese people start working corporate jobs because here in Africa most 23-29yr olds are in start-up jobs or very low paying jobs , people dont get managerial jobs until they are around 35-45.
13:10 She wasn't destined to live a life of struggle but she made the mistake of trusting the wrong person, causing her to lose her savings.
Without the US trade surplus the Chinese can not survive....😂
Trade surplus has always been a bit wonky. China gets the full value of the iPhone "export" number even though they impact about 1/3 of the cost. Used to be as low as teens at one point.
IMO, It's the double whammy of real estate imploding and jobs moving.
That setup is failing bit by bit. Manufacturing is leaving china and china is slowly selling debt. The relationship is changing and china is finally paying for their out of balance economy. Not that we are a lot better- the US survives on debt
No sympathy at all
chinese tofu dreg economy
Does China create employment for US for US consumers feed China?
11:05 The mainland Chinese people are so dedicated in everything to eh highest level! Even in terms of Faking to work!
45 or 55 is worse.
CCP causing so many problems.
@14:20 To be honest, if my girlfriend incurred tons of debt without telling me, I would leave them too. It seems like it wasn't an insignificant amount.
Marrying her would divide the debt and you would have the half even after a divorce. So it's really a no-go to marry a partner with a big debt.