It’s really not. Having a glut of commodities is a “good” problem to have (though still wasteful). Having a glut of educated youth (or really, a shortage of high skilled jobs) is a social disaster, and indicative of lack of adequate planning for the future.
These kinds of mis matches between supply and demand of labor should be exactly the kinds of things that socialism is supposed to resolve. I respect the strategy of Deng’s reforms, but we shouldn’t pretend as if it isn’t a deeply contradictory system (though that is kind of the point, intentionally using contradictions to accelerate development).
It’s really not. Having a glut of commodities is a “good” problem to have (though still wasteful). Having a glut of educated youth (or really, a shortage of high skilled jobs) is a social disaster, and indicative of lack of adequate planning for the future.
These kinds of mis matches between supply and demand of labor should be exactly the kinds of things that socialism is supposed to resolve. I respect the strategy of Deng’s reforms, but we shouldn’t pretend as if it isn’t a deeply contradictory system (though that is kind of the point, intentionally using contradictions to accelerate development).