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James Kynge

๐Ÿ‘ค Speaker
2305 total appearances

Appearances Over Time

Podcast Appearances

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

It's not a full pretense.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

I think quite a lot of people go to these places because everybody else there knows that they haven't got a job and they'd like to have a job.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

And so they're almost like advertising their joblessness.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

And, you know, obviously some people are there pretending to work.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

But yeah, I mean, what struck me about this trend is that it's quite widespread.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

You find these pretend to work offices in Beijing, Shanghai, Shenzhen, places like Taiyuan, Dongguan, all kinds of cities across China.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

I'm not going to say it's a massive number of people, but I must say it does remind me very much of

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

the time I spent in Japan in the early 90s, when you would find quite a lot of salarymen who'd lost their jobs getting up every morning, putting on their suit and tie, and going to a local library to basically sit there all day because they'd been laid off, but because they felt so ashamed that they couldn't admit it to the rest of their family.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

So I think there's a little bit of that sense here.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

I didn't get the same sense of shame in this particular dynamic.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

But one thing struck me, one journalist who went there was going around and

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

There is some humor in these places, too.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

For instance, in one of the offices in Beijing, there was a door marked Chairman's Office.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

But when you opened it, you opened it and only found the fire escape going outside.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

So I suppose it was a bit of a play on that the chairman doesn't exist.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

Obviously, I think the reason why we chose this topic is because it shows an angle on one of China's biggest problems, social and economic, and that is the way in which young people, 16 to 24-year-olds, are finding it really hard to get jobs.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

The latest number is among this cohort, 16.9% were unemployed, unable to find a job in March.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

And if you ask me, based on the conversations I was having in China, I wouldn't be at all surprised if that number really starts to rise now.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

You must have had very similar conversations during your trip, Alice.

The Prof G Pod with Scott Galloway
China Decode: The U.S. vs China AI Battle Is Getting Ugly

Well, I couldn't resist going back to the dim sum bonds.