Chinese Economics Thread

[vesicles]

Are they looking for an attractive husband with the same level career profession as they have or they willing to forgo that regardless of the man's income background?

Boy Oh Boy! I can almost see your eyes light up...

Well, I think personality is a more important factor nowadays. Income is less of an issue now...

A good friend of mine went back to China with his wife in the early 2000's. A few years later, he decided to quit his job and became a stay-at-home husband and later a stay-at-home dad when they got a baby boy. His wife is a senior executive at a huge hotel chain. She is perfectly fine with his decision. When we asked her about it, she said "it's his decision and I respect that. He takes care of the house and the baby, which is equally important!" And she has no problem letting people know that her husband has no job and she is the one supporting the family. And she tells it proudly. And don't get me wrong. His wife is not one of those "beautiful inside" kind of woman. She was and still is smoking hot, even now in her 40's.

 

[B.I.B.]

Boy Oh Boy! I can almost see your eyes light up...

Well, I think personality is a more important factor nowadays. Income is less of an issue now...

A good friend of mine went back to China with his wife in the early 2000's. A few years later, he decided to quit his job and became a stay-at-home husband and later a stay-at-home dad when they got a baby boy. His wife is a senior executive at a huge hotel chain. She is perfectly fine with his decision. When we asked her about it, she said "it's his decision and I respect that. He takes care of the house and the baby, which is equally important!" And she has no problem letting people know that her husband has no job and she is the one supporting the family. And she tells it proudly. And don't get me wrong. His wife is not one of those "beautiful inside" kind of woman. She was and still is smoking hot, even now in her 40's.

Did his wife have a better paying job with better prospects?

 

[vesicles]

Did his wife have a better paying job with better prospects?

Hard to say... He has a Masters degree in Statistics. And she has a Master's degree in some kind of hospitality management thing. Both can be paid well. So difficult to say which one has better prospect. If it were I who had to predict who might have a better future when they first graduated, I would put my bet on him. Statisticians get paid huge bucks in the pharmaceutical industry.

 

[B.I.B.]

But they're not. Remember that we are talking about average salary here. On average women will spend more time on maternity leave than men, therefore, again on average, women will incur more costs to the employer (in the form of training and overlapping roles) than men.




Ridiculous.

The real question is not why China has so many self-made female billionaires, the real question is why the rest of the world has so few.

The answer that question is what makes one appreciate the status of gender equality in China.

What's unfair, is the presumption that women are automatically cost the employer more to train/bring up to speed because of maternity leave, Which is then factored into the salary offered disadvantages the women who make no such demands.

The suggestion that Mainland Chinese women feel the need to achieve more goes someway to explain the number of self made wealthy women but what are the other signs which suggest gender equality?

 

[AssassinsMace]

It's not that there's equality in China. It's just China beats everyone else. I remember honored news anchor in the US Tom Brokaw was in Shenzhen over a decade ago and he was interviewing a Chinese female executive on a factory floor. This was around the time a figure came out that said there were more women executives and managers in corporate China than the US. Also 45% of new entrepreneurs were women. Tom Brokaw was pushing questions to her about how women are treated horribly in China. She contested his questions but he ignored her like he wasn't listening and continued with asking questions with the same theme.

 

[solarz]

What's unfair, is the presumption that women are automatically cost the employer more to train/bring up to speed because of maternity leave, Which is then factored into the salary offered disadvantages the women who make no such demands.

The job market is about supply and demand, not about fairness.

The suggestion that Mainland Chinese women feel the need to achieve more goes someway to explain the number of self made wealthy women but what are the other signs which suggest gender equality?

Why do Chinese women feel the need to achieve more? Why do women from other countries not feel the same way?

 

[Equation]

His wife is not one of those "beautiful inside" kind of woman. She was and still is smoking hot, even now in her 40's.

Does she has a younger sister or cousin perhaps?

 

[plawolf]

Why do Chinese women feel the need to achieve more? Why do women from other countries not feel the same way?

One child policy I guess, although it's not limited to women.

On the one side, you do have the "little emperor" syndrome, but I think that gets disportionate coverage relative to the size of the issue. Instead, for the overwhelming majority of Chinese, knowing that they are the only child, and that the hopes and dreams of the entire family is solely on their shoulders, provides an extremely powerful motivational force and personal drive.

 

[PanAsian]

Hard to say... He has a Masters degree in Statistics. And she has a Master's degree in some kind of hospitality management thing. Both can be paid well. So difficult to say which one has better prospect. If it were I who had to predict who might have a better future when they first graduated, I would put my bet on him. Statisticians get paid huge bucks in the pharmaceutical industry.

Eventually though perhaps it would be easier for her to move up the management ladder than him.

 

[vesicles]

Does she has a younger sister or cousin perhaps?

How about her mom?