US and China have now one more thing in common
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Across China’s cities, midcareer professionals who rode the reform-era boom are discovering that the labor market has little use for them. They are too old for an economy that prizes youth, too expensive for firms under pressure and too financially committed — mortgages, tuition, aging parents — to stop working.
Mr. Guo invoked a popular social media meme: “At 40 you’re dead professionally. You’re simply waiting to be buried.” At 55, he feels he has already been interred.
He now believes in making the greatest effort while preparing for the worst. “When the Titanic is sinking,” he said, “all you can do is try to go down with some dignity.”
https://www.nytimes.com/2026/03/21/business/laid-off-in-midlife-chinas-reform-generation-braces-for-downward-mobility.html?smid=url-share