The Chinese are undergoing a demographic collapse of unknown and possibly apocalyptic proportions. Unlike India, which likely has even more people than its official population statistics report, China has always overinflated its population numbers. They probably never actually had a billion people, and some estimates now put their real population at or below 800 million, with a large percentage of that at or near retirement age. They're living through the fallout of their own demographic nuke, and they've decided that the only solution is to flood the job market with cheap labourz just as the West has done.
China's fertility fell below replacement around 1990. VS most White countries from 1960 to the 1980's ( with few exceptions in small-population countries where it happened later ).
They are now facing the same population decline problems as the West, but without having demographically damaged themselves with mass-migration yet.
You don't know your history. Birthrates collapsed in China because they made replacement fertility rates illegal, enforcement of which included the sterilisation of a hundred million Chinese women.
The effects of the one child policy are overstated. China's TFR was dropping before the one child policy, remained relatively stable for about a decade after it was implemented, and continued dropping even when the policy was relaxed.
They're living through the fallout of their own demographic nuke, and they've decided that the only solution is to flood the job market with cheap labourz just as the West has done.
How exactly would this help? I guess the scenario that comes to mind is that China's GDP and major corporations are propped up for a few more years. But China is an ethnocentric country. I am not sure there is any way that this helps the natives.
It will clearly reduce the bargaining power of native workers, as it has done in the US.
Thinking this through a little more, it will buy a little more time for China to figure out their problems before GDP takes a hit... but it would have to be an explicitly temporary solution.
China's entire economic model is "fake it til you make it." They have to pump up their artificial numbers in order to keep foreign investment coming in and keep their credit rating. It's been lipstick on a pig since the 80s, and this is just the latest shade.
Well joke's on me, all those times I cracked about why China's not racing to get all that jeet top talent.
The Chinese are undergoing a demographic collapse of unknown and possibly apocalyptic proportions. Unlike India, which likely has even more people than its official population statistics report, China has always overinflated its population numbers. They probably never actually had a billion people, and some estimates now put their real population at or below 800 million, with a large percentage of that at or near retirement age. They're living through the fallout of their own demographic nuke, and they've decided that the only solution is to flood the job market with cheap labourz just as the West has done.
China's fertility fell below replacement around 1990. VS most White countries from 1960 to the 1980's ( with few exceptions in small-population countries where it happened later ).
They are now facing the same population decline problems as the West, but without having demographically damaged themselves with mass-migration yet.
It seems their elites are now betraying them too.
And the reason for their birthrate collapse is the same as in the west. Too much female freedom.
You don't know your history. Birthrates collapsed in China because they made replacement fertility rates illegal, enforcement of which included the sterilisation of a hundred million Chinese women.
That's not the cause of their current birthrate collapse however.
The effects of the one child policy are overstated. China's TFR was dropping before the one child policy, remained relatively stable for about a decade after it was implemented, and continued dropping even when the policy was relaxed.
https://ourworldindata.org/cdn-cgi/imagedelivery/qLq-8BTgXU8yG0N6HnOy8g/2991333d-fe60-4bf9-dc3d-367d76cb4b00/w=1350
How exactly would this help? I guess the scenario that comes to mind is that China's GDP and major corporations are propped up for a few more years. But China is an ethnocentric country. I am not sure there is any way that this helps the natives.
It will clearly reduce the bargaining power of native workers, as it has done in the US.
Thinking this through a little more, it will buy a little more time for China to figure out their problems before GDP takes a hit... but it would have to be an explicitly temporary solution.
China's entire economic model is "fake it til you make it." They have to pump up their artificial numbers in order to keep foreign investment coming in and keep their credit rating. It's been lipstick on a pig since the 80s, and this is just the latest shade.
It's not "fake it 'til you make it," it's "fake everything all the time whenever you can get away with it. And if you can't, fake it anyway."
I feel like any country with a stock market that allows companies to dilute shares is also 'fake it til you make it'
At least you'll always be able to joke about how that top talent has never been able to create a world class tech company in their own country.