Updated
Updated · China Daily · Jun 1
China Created 154 Million Urban Jobs, Lost 53.62 Million From 2013 to 2024
Updated
Updated · China Daily · Jun 1

China Created 154 Million Urban Jobs, Lost 53.62 Million From 2013 to 2024

1 articles · Updated · China Daily · Jun 1
  • 154 million urban jobs were created in China between 2013 and 2024, while 53.62 million were lost, highlighting large-scale churn rather than simple net employment growth.
  • AI and China's passage through the Lewis Turning Point are accelerating labor replacement, the report says, raising the risk that vacancies and unemployment increase at the same time because timing, location and skills do not match.
  • The article argues productivity gains need not shrink total employment if their benefits are distributed more broadly, allowing new occupations and consumer demand to expand enough for job creation to outpace destruction.
  • Policy priorities include stronger social security, more protective labor-market institutions, and public employment services and subsidized training that anticipate disruptions instead of merely reacting to them.
  • The broader prescription is to expand redistribution and basic public services so AI-driven productivity gains translate into wider livelihoods and a more stable employment transition.
As AI erases entry-level jobs, how will the next generation gain experience to launch their careers?
Will AI's productivity gains be shared, or are we creating a 'technofeudal' world run by tech elites?
Is Universal Basic Income a real solution for AI inequality, or an unsustainable economic fantasy?