{"id":161044,"date":"2013-08-05T16:38:17","date_gmt":"2013-08-05T23:38:17","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=161044"},"modified":"2021-09-14T21:48:07","modified_gmt":"2021-09-15T04:48:07","slug":"chinas-higher-education-bubble","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2013\/08\/chinas-higher-education-bubble\/","title":{"rendered":"China’s Higher Education Bubble"},"content":{"rendered":"

With millions of college students graduating into\u00a0China’s “hardest job-hunting season,”<\/a>\u00a0Fordham Law School’s\u00a0Carl Minzner argues at Caixin that the Chinese government needs to re-evaluate its educational development priorities<\/strong><\/a> to reverse the current trend of degree devaluation and surging youth unemployment:<\/p>\n

[\u2026 R]apid expansion has had disastrous effects. Degree devaluation is one result. When relatively rare in the 1990s, college degrees sufficed to get good jobs. Now a common commodity, they no longer do.<\/p>\n

[…]\u00a0Serious reform requires deep change. Blindly supporting the production of more and more advanced degrees in China for their own sake just doesn’t make sense.<\/p>\n

For China, this means re-evaluating state development priorities in place since the late 1990s. These have prioritized university education at the expense of all else. But ironically, unemployment rates for 21-25 year olds in the country are four times lower for elementary school graduates than for university students \u2013 precisely because huge demand exists for skilled technical positions that many university graduates are unable (or unwilling) to fill. Rebalancing state priorities to emphasize a diversity of higher education models \u2013 postgraduate, university, college and vocational \u2013 might help better address looming problems of youth unemployment. Nor are such policies new. They resemble those China pursued in the 1950s or 1980s and in use in Germany today, but abandoned in the frantic rush of the past 15 years to throw up universities with ever more impressive academic credentials. [Source<\/strong><\/a>]<\/p><\/blockquote>\n

Also see prior CDT coverage of\u00a0China\u2019s booming production of college students<\/a>\u00a0and\u00a0jobless college graduates.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With millions of college students graduating into\u00a0China’s “hardest job-hunting season,”\u00a0Fordham Law School’s\u00a0Carl Minzner argues at Caixin that the Chinese government needs to re-evaluate its educational development priorities to reverse the current trend of degree devaluation and surging youth unemployment: [\u2026 R]apid expansion has had disastrous effects. Degree devaluation is one result. When relatively rare in […]<\/p>\n","protected":false},"author":1088,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,14744,14745,14746,5],"tags":[7645,134,227,3634,4638,3130,771,2671,7364],"class_list":["post-161044","post","type-post","status-publish","format-standard","hentry","category-economy","category-level-2-article","category-level-3-article","category-level-4-article","category-society","tag-college-graduate-joblessness","tag-economic-growth","tag-education","tag-education-reform","tag-higher-education","tag-job-market","tag-unemployment","tag-universities","tag-university-students","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nChina's Higher Education Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2013\/08\/chinas-higher-education-bubble\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China's Higher Education Bubble\" \/>\n<meta property=\"og:description\" content=\"With millions of college students graduating into\u00a0China’s “hardest job-hunting season,”\u00a0Fordham Law School’s\u00a0Carl Minzner argues at Caixin that the Chinese government needs to re-evaluate its educational development priorities to reverse the current trend of degree devaluation and surging youth unemployment: [\u2026 R]apid expansion has had disastrous effects. Degree devaluation is one result. 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