Discussing why the wages of newly graduated college students in China are getting lower and lower based on Japan’s economic miracle

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As we all know, postwar Japan also experienced rapid economic development similar to that of China today. From 1956 to 1973, Japan's real GDP grew by an average of more than 10% every year, which was called the "economic miracle." In fact, from the eyes of many Europeans and Americans, Japan's take-off was partly due to their early plagiarism of European and American technology. After plagiarizing the technologies, the Japanese put a lot of effort into studying these technologies and attached great importance to human investment and technical training. In the end, Japan not only completely absorbed these technologies, but also surpassed Europe and the United States in many aspects.: Automobiles, home appliances, electronic equipment, etc. Now Japan has become a veritable technological power in the world. It is worth mentioning that Japan’s road to becoming a technological power has been accompanied by a substantial increase in the income levels of Japanese people, including college students, technicians, and engineers. Japan's per capita national income has almost caught up with the United States in the 1970s. However, it should be noted that although the strength of Japanese companies once panicked some inefficient companies in Europe and the United States, it did not frighten Europe and the United States. * * have a real impact on the people. Because neither the collapse of some European and American companies nor the entry of Japanese companies into the European and American markets has fundamentally affected the local labor markets in Europe and the United States. There is no phenomenon of social welfare going back and a large number of job opportunities flowing to Japan, because Japan’s labor force is no lower than that of Europe and the United States. Therefore, although many Europeans and Americans talk about Japan in a sour way, they are not disgusted with it. They even admire the Japanese people's hard work, research and innovation spirit. In contrast, China's economy has been booming for more than 30 years, with an average growth rate of over 10% and even over 15% in some years. It is said that they are more awesome than the Japanese. But the reality is that the wages of Chinese college students, technicians, and junior engineers are still less than one-tenth of those in foreign countries, and they are still falling every year. What’s the explanation? Because the leaders of our Chinese companies do not pay attention to research technology and are unwilling to invest in cultivating technical talents, they have no interest or time to wait for the benefits of investing in technology. Leaders are more concerned about how to quickly introduce the latest ready-made technology from abroad. It doesn't matter how expensive it is. As long as the machines are turned on, production is done quickly, and manpower is kept cheap, the goal of GDP growth can be achieved. Why did China * * Even a hydrogen bomb and nuclear submarine can be built, but a domestically produced car has not been built for 20 years? Why is it that even though Shenzhou 6 has gone into space, the construction of large aircraft is still in the process of so-called introduction and absorption? Because attaching importance to technology is just a slogan for many Chinese companies. So if Japan is taking the route of becoming a technological power, China can be said to be taking the route of being a low-level human resources power. In fact, Chinese business leaders are much smarter than the Japanese. They have discovered a more effective, more relaxed and enjoyable way to rapidly increase GDP than the technologically powerful countries. China's isolation from the global financial turmoil this year is enough to prove the huge superiority of this route compared to Japan's technological route. Thinking about it from another perspective, the machines imported by China from abroad are generally priced higher than the market price. China's management, technology, and efficiency are not as good as people's. We also need to ensure that the interests of leaders at all levels must be guaranteed, and there are also political tasks to maintain a GDP growth of more than 8%. As a result, we can still be unfavorable in the world market with our huge cost advantage. Who will fill the huge value gap here? Besides the disadvantaged groups, including newly graduated college students, who have no say in China, who else can they be? To do a simple calculation, more than 15 million college students have graduated in the past three years. Excluding those with power and background, it is conservatively estimated that the number of general college students is around 10 million. If each person is paid less than 1,000 yuan per month in salary, then China can save 120 billion yuan in one year just for the newly graduated college students! So in this sense, China needs to maintain low wages for a large number of newly graduated college students to continue to maintain its cost advantage. But this approach by Chinese companies has indirectly disrupted the world's labor market. When European and American companies had no choice but to move their factories to countries represented by China, * * to reduce labor costs. This has two effects: - First, job opportunities in Europe and the United States have decreased, the economy has stagnated, income and benefits have been reduced, and more locals are unemployed. Therefore, many Europeans and Americans hate China. Why do some Europeans and Americans always like to make irresponsible remarks about China and support characters that Chinese people find incomprehensible? To put it bluntly, I just hate you. - Then the labor costs of European and American companies have decreased, and the human advantage of Chinese companies has decreased. However, the technology of many Chinese companies is still so bad, the management is still so poor, and the appetite of leaders is getting bigger and bigger. They still have to maintain GDP. What should I do? The old method is to lower wages, so the wages of Chinese university graduates are getting lower and lower. From the above, we can clearly see that it is inevitable that the wages of newly graduated college students in China will become lower and lower. It should be said that it is not directly related to the ability of college students, because there are also many powerful college students with no ability or experience who have found enviable jobs. China's newly graduated college students are actually the inevitable victims of China's labor cost tactics to strengthen the country. However, this short-sighted and unprogressive approach of Chinese enterprises not only affects the disadvantaged classes in the country, but also undermines the rules of the international game. Chinese companies are unwilling to spend time researching technology, cultivating technical talents, and improving their own capabilities. They fight openly and openly like the Japanese, but they blindly rely on shortcuts and cleverness. This has made Chinese companies notorious internationally. But don’t forget that when European and American companies passively reduce their manpower to the point where they can compete with Chinese companies, the final winner will actually depend on technology. But it is estimated that many Chinese companies will not shed tears until they see the coffin. Many Chinese bosses come from nouveau riche speculators and are simply too lazy to ponder this truth. Only when you are cornered will you remember to pay attention to technology. Perhaps only at this time will the wages of Chinese college students see a bright future again.