My opinion (not necessarily factual) is more akin to this article:
So to answer your question, I do believe the main Chinese cities offer a better opportunity than the Taiwanese cities for the younger generation. Standards of living I am unsure, but in terms of ability to generate wealth, yup.
Watching my long time friendsâ children has made me somewhat pessimistic. In general, the âtalentedâ children seem to be headed abroadâŚwhile the ânot-so-talentedâ are sticking around Taiwan. Either way their parents are paying the bills for their education and subsequent comfortable life styles wherever they live. Very few of their children have plan to work their way up in a standard corporate workplace way if you know what I mean. Well, hard to blame the young adults as their parents are basically supporting them in almost all facets of their lives.
While salaries are low in many companies, the young adults seem to not be too bothered as they are not very focused on moving up the ladder. If no promotion they simply go to another country for language studies and come back a year later to find another job.
Of course, there are the hard working onesâŚbut they are the minority among the people I know.
Never mind if you canât even spell in this environment, then you must be proper fuckedâŚ
Talented children? More like children with rich parents. Iâve heard of people who could barely get a 6.5 on IELTS or a 100 on TOEFL yet went on to freakinâ Cambridge (or other prestigious schools in America) for their masterâs. The only reason they were able do so is because their parents are loaded. I donât want to sound like a snob but situations like this are just fucking laughable: both the students themselves and the fact that institutions of higher learning in the west have come to such a low point that, in order to survive, they now have to accept all these Asian kids who can barely understand a word during lectures/seminars. (not that everyoneâs like that, but itâs a well-known phenomenon)
Back to topic, this kind of articles come up so frequently that I donât really see the point of discussion now.
Starting a business here is not so straight-forward. After navigating the government red-tape, you have the local âbossesâ to deal with. As @finley more or less stated, if someone does not like your business, then a visit from the baseball bat boys is in order. Yeah, there are problems with muscle everywhere, but here it is just so transparent and so engrained in the government -in Taichung, a city leader is a boss, that what are little entrepreneurs to do?
There were figures about that and if including China and Hong Kong the number was like 1000-1500, so about ⌠Idk how much, maybe 3-4% of the high schoolers.
The truth is itâs just too much of a hassle to study abroad for most people. Itâs far more popular amongst college graduates, and even that isnât as popular as before as a) itâs expensive, and b) itâs extremely hard to stay and work in whichever country they studied in unless they are exceptionally good or got married there; whatâs the point of spending a shitload of money on studying when your only option is to come back anyway?
He said what?
Another incredibly insightful, incisive comment from rocket.
Yeah, I wasnât suggesting baseball bats (although Iâm aware that does happen, sometimes). No need to use violence when there are plenty of legal ways to make competitors magically disappear.
Although I noticed upon perusing the annual reports of some major Taiwanese banks that the high level managers and CEOs all seem to be graduates of American prestigious schools or at the very least Taiwan university or Chenggong .
Normal local graduates donât stand a chance to improve themselves or get ahead. Many students waste tons of money going to diploma mill schools thinking they just must have a degree only to make the same crap wages as anyone else.
All their figures are rubbish. 700 people took out bank loans to study? How the fuck is that a significant figure? âHigh school students who leave Taiwan to study abroad can earn NT$3 million after they graduate from collegeââŚ3 million? Who makes 3 million in a salaried position? No one, thatâs who.
I didnât even know that there were bank loans for studying abroad lmao.
I thought the bats were a legal method!
Well, the two often go hand in hand. How many âlegalâ people are not on âpayrollâ? How do you stop the fox from attacking the henhouse, when he is working with the roosters?
It is the same everywhere. If you have enough money, then you can grease the right amount of palms and get things done. Do not miss a payment!
Even Morris Chang got tired of the thuggery.
90% of these Graduates wonât find a company overseas who will sponsor them, why would they? There are thousands of qualified Americans from Top schools vying for the same job.
I only see Super Smart Indian people achieve this rare category who get sponsored because their brains are super computers and they go on to be CEO of Pepsi, Google or Microsoft. For girls they can get married. Ive seen this happen and Iâve seen countless people from TW go to US or UK to Study and end up coming back even those who went to good colleges. Berkeley, UCLA, Kings College etc.
The whole system if corrupt and broken.
Truly talented kids, are thriving anywhere there is opportunity. There isnât a brain drain as much as there is a situation where more affluent kids get to go abroad and party and stay there or come back and get a job with connections.
Almost nobody. Something like 1-2% of workforce.
The major concentration of high earners is in hsinchu sicene park, they do very well when the shares and earnings are good. The engineers from good schools start at 1 million and if good can go on to 1, 2 , 3 million and up with bonuses .
Itâs true enough .A lot of the top management will always be related to chairmanâs and major shareholders families.
Itâs also true in most multinationals that they tend to select the folks with the ivy league degrees for the top positions. Seen as a safe bet or alumni network but itâs very common.
Also, at least here, the top management positions are all about the B School. Which, in Taiwan, generally means you come from some kind of dough.
So money begets money.
Yes, it is.
Can it be fixed? Yes.
Will it? No.