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Abstract
Professor Deng Xize, School of International Studies, Sichuan University Accelerated devaluation of academic qualifications A study carried out by the Shanghai Academy of Educational Sciences in 2013 found that in the decade between 2010 and 2020, the number of university graduates in China would increase by 94 million. [...]both lowly and highly qualified job seekers experience feelings of hopelessness. — [...]he feels that given the confluence of factors like technological progress and the education system failing to meet societal needs, a “crash” in the value of academic qualifications is a more apt description than “devaluation”. [...]both lowly and highly qualified job seekers experience feelings of hopelessness. [...]many graduates struggle to make a living through traditional hard work or manual labour. According to a 2023 research report on China’s blue-collar workers employment (《2023中国蓝领群体就业研究报告》), the monthly income of blue-collar workers grew by 125% from 2,684 RMB to 6,043 RMB from 2012 to 2023; during the same period, the salaries of white-collar workers only grew by 25% from 6,439 RMB to 8,388 RMB.