BEIJING ¨C Rising unemployment in China is pushing millions of college graduates into a tough bargain, with some forced to accept low-paying work or even subsist on their parents¡¯ pensions, a plight that has created a new working class of ¡°rotten-tail kids.¡±
The phrase has become a social media buzzword this year, drawing parallels to the catchword ¡°rotten-tail buildings¡± for the tens of millions of unfinished homes that have plagued China¡¯s economy since 2021.
A record number of college graduates this year are hunting for jobs in a labor market depressed by disruptions induced by COVID-19 as well as regulatory crackdowns on the country¡¯s finance, tech and education sectors.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.