The cruel repressions of Beijing on the regulation of professional activities of tutoring increased pressure on the competitive labor market and aggravated the unemployment problem in the country. In 2021, Chinese schools graduated from a record 9.09 million graduates, which further aggravates the situation with the lack of jobs. It is reported by CNBC.
Tutoring services are greatly popular with the Chinese, since parents value good education, and high estimates are crucial for professional perspectives. In July, the State Council of China and the Central Committee began to introduce a new repressive policy with the unofficial name “Double Reduction” (“Double REDUCTION” POLICY). It is aimed at reducing the growing tutorial sector that flourishing through large-scale financing by world investors and continuously increase family spending on education. After the adoption of these solutions, the company has lost major sources of income overnight. Many employees stayed without work.
According to the report published on the Zhaopin website, within a few weeks after the adoption by the Government of the New Policy, the number of applicants with experience in the field of education increased by 10.4 percent in July compared with the previous month, with 51.7 percent among them Already quit from previous work. At the same time, the number of vacancies in the field of education decreased. The greatest decline was observed in the capital of Beijing – by 49 percent compared with March.
women were not seriously injured. The report says that they account for three quarters of applicants in the field of education. The greatest growth of the unemployed sedes of the former employees of the field of education was recorded in the age category under 25. The unemployment rate among young people between the ages of 16 and 24 has grown to 16.2 percent in July from 15.4 percent in June, which is much higher than the national level of 5.1 percent in the cities.
The reform of the educational industry in China can lead to a burst of the unemployment among young people. This industry gave work to many graduates.