China to Cancel College Majors That Don't Pay

Laurie Burkitt:

College students wait in line to hand in their resumes to get interview opportunities from a company at a job fair held on the campus of Shanghai University of Finance and Economics in Shanghai, China.

Much like the U.S., China is aiming to address a problematic demographic that has recently emerged: a generation of jobless graduates. China's solution to that problem, however, has some in the country scratching their heads.

China's Ministry of Education announced this week plans to phase out majors producing unemployable graduates, according to state-run media Xinhua. The government will soon start evaluating college majors by their employment rates, downsizing or cutting those studies in which less than 60% of graduates fail for two consecutive years to find work.

Posted by Jim Zellmer at November 25, 2011 2:28 AM
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