China’s Economy Backslides to the 1990s, Facing Another Nationwide Unemployment Wave

The employment landscape in 2024 is grim. In China, being 33 years old—typically considered the prime of life—means being seen as too old for even factory jobs.
Many workers born in the 1980s and 1990s, now in their early 40s at most, are being squeezed out of the workforce. At a time when they are financially supporting both their aging parents and young children, they find there is little room left for them in the job market. They’ve been replaced by cheaper, younger workers, or even by artificial intelligence. This shift affects everyone, from formerly well-paid tech professionals to delivery drivers and security guards, with younger people increasingly taking over these roles.
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