Chinese Company Seeks US Workers With 125 IQ
CWmike writes "A Chinese IT outsourcing company that has started hiring new US computer science graduates to work in Shanghai requires prospective job candidates to demonstrate an IQ of 125 or above on a test it administers to sort out job applicants. In doing so, Bleum Inc. is following a hiring practice it applies to college recruits in China. But a new Chinese college graduate must score an IQ of 140 on the company's test. The lower IQ threshold for new US graduates reflects the fact that the pool of US talent available to the company is smaller than the pool of Chinese talent, Bleum said."
It's quite interesting how you can already predict how the world will change in the upcoming 10-20 years. The Chinese have the workforce (and hence more persons with high IQ), they're used to work hard for a living, and realistic economy. They don't let banks cheat and collapse the country like in the US where everyone must get the latest HDTV, big cars and just spend money on non-important items and entertainment. That is how US has been doing for many many years and loaning more and more money along the way.
Their banking industry is largely (if not all the way) corrupt. They take the savings of the people (who do indeed have a high savings rate), and then loan them out to largely state-owned enterprises. Who gets the money is largely politically directed, and has little to do with how likely it is the loan will be paid back.
Eventually those savers are going to want their money back, and it won't be there. So, it would be accurate to say that Chinese banks haven't collapsed their economy yet.
So, in the US, all the wasteful spending and foolish loans go to consumers. In China, they go towards state-owned businesses. I'm not sure one way or the other is better.
SirWired