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.
“When I came over to China in 1994, that was the first wave of Americans coming to China,” he said. “These young people are part of this big second wave.”
The Chinese have come to the reasonable conclusion that business creates wealth, and wealth makes people better off. There’s a lot wrong with China’s implementation of that principle, but that doesn’t undercut the principle itself. Contrast this with business in America, which our governing class sees roughly the same way as a cannibal sees a nice, fat missionary.
Right, Jeffersonian. Add to that the anticipated tax increases on corporations and on that half of the American employed which actually pays income tax. The President’s redistributive policies will accelerate the driving out of our capital, our jobs and, eventually, our economically productive people.