The winners in the job market are the elderly for which the employer must not pay social insurance contributions. As flood of graduates looks for work, employing retirees offers Chinese businesses a way to avoid social insurance costs.
— Weiterlesen www.scmp.com/economy/china-economy/article/3321995/will-retirees-be-job-market-winners-china-targets-social-insurance-dodgers
The Young people are too expensive.
This is a common problem in modern societies with public pension plans.
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