"Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double digits at home." ---- The New York Times, 08/10/2009
Over the last 30 years, China has experienced an astounding 10 percent growth per year. Many economists predict this growth rate will continue at 7 to 8 percent per year for several decades. The world's fastest-growing economy is the second largest behind the United States probably in 2009, and by mid-century, it is expected to be number one.
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Shut Out at Home, Americans Seek Opportunity in China - NYTimes.com
Please look at the following article from VOANews.com to see how employment for the young is really going now.
'You can feel that how Young Workers Show Less Progress Than 10 Years Ago'
By Carolyn Presutti, Washington, 05 September 2009
A new study by America's largest labor organization found that one in three young workers, under the age of 35, lives at home. One in three has no health insurance. And, more than half earn less than $30,000 a year. That's well below the average per capita income in the U.S. The study shows that 30 percent of young workers have postponed having children because of financial concerns. Forty percent have delayed higher education.
"The national study we just released today shows just how broken our economy is for our young people and what's at stake if we don't fix it," said John Sweeney who is president of the AFL-CIO, the powerful labor federation.