Shaun Rein reacts on an article in the New York Times, describing US youngsters moving to China to find the work they could not find at home. It is not that easy, he says in Forbes. Often government regulations, like in media or telecom, prevent foreigners from taking a position they could get in other countries, even if they would get the required visa. And, despite the high growth, salaries tend to be low, while living costs are going up, at least in the big cities:
Chinese coming out of top schools like Fudan and Beijing University make $500 to $600 a month. To get more than that, young Americans need to prove they really deserve more, which is getting harder and harder to do. Having good English skills is no longer enough.
US citizens now also have to compete with later numbers of returning Chinese from the US, making finding a job where you can use skills acquired in the US even harder to get.