American brain drain: college graduates moving to China

Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double digits at home.

Even those with limited or no knowledge of Chinese are heeding the call. They are lured by China’s surging economy, the lower cost of living and a chance to bypass some of the dues-paying that is common to first jobs in the United States.

“I’ve seen a surge of young people coming to work in China over the last few years,” said Jack Perkowski, founder of Asimco Technologies, one of the largest automotive parts companies in China.

New York Times: Shut Out at Home, Americans Go to China

(via Don)

3 Comments

  1. This is nothing new. I’ve been in Korea for the last 4 years for the same reason. College is the new highschool. Getting a degree is just good for a regular job. Even that’s gone by way of the dodo in the aftermath of Bush’s reign of error.

  2. Steven – what do you do in South Korea – teach English, or something else? What was interesting to me about that article is how many people were actually doing other types of work besides teaching English. Being the director of a dance company was one example.

    And while teaching English abroad is nothing new, I’m curious whether applications to teach English abroad have been going up. My guess is yes.

  3. Here’s a detailed article about finding a job in China, geared mostly towards business professionals: http://www.forbes.com/2009/08/13/china-jobs-employment-leadership-careers-work.html

    The jist of it: it’s actually pretty hard for Americans to get jobs in China.

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