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Young Chinese Are Sick of Working Long Hours (bbc.com)
Young professionals in China are pushing back against employers who expect them to work around the clock, saying no to the decades old "rule of 996" -- working from 9am to 9pm six days a week. From a report: At the forefront are millennials who are often better educated, more aware of their rights and more interested in finding something fulfilling than the previous generation. And as only children (China's one-child policy wasn't eased until 2015), they are also outspoken and pampered. "In my experience young people, especially the post-90s generation, are reluctant to work overtime -- they are more self-centered," says labour rights expert Li Jupeng, one of many who have observed some millennials challenging the 996 concept.
The relative affluence of their parents and grandparents is part of the reason. China's rapid economic transformation has given rise to a sizeable middle class, with almost 70% of the country's urban population making between $9,000 and $34,000 annually in 2012. In 2000, that figure was just 4%. As only children, millennials are receiving a lot of support from their families -- including a financial safety net should their careers not go as planned. Although their options for pushing back are limited, some are no longer willing to put in long hours for a meagre paycheck.
The relative affluence of their parents and grandparents is part of the reason. China's rapid economic transformation has given rise to a sizeable middle class, with almost 70% of the country's urban population making between $9,000 and $34,000 annually in 2012. In 2000, that figure was just 4%. As only children, millennials are receiving a lot of support from their families -- including a financial safety net should their careers not go as planned. Although their options for pushing back are limited, some are no longer willing to put in long hours for a meagre paycheck.
Amazing how each generation thinks the one that follows it are a bunch of losers for wanting something different than what their parents want.
Nobody likes being forced to work long hours. China's economy is getting to the point where a lot of Chinese finally have a choice in the matter. That's a good thing.
The rich can *literally afford* to take risks because they're entirely *financial risks*, not risks that affect necessities like food, housing, medical care, etc. That argument is and always has been garbage. A certain portion of finances directly translate to necessities. Everything over that give you more advantage to take risks because you have more opportunities to fail and inevitably more opportunities to succeed.
Once you have a certain amount of wealth tucked away to assure you'll eat and won't be miserable your entire life, the rest of your assets can become, essentially, monopoly money. You may win or may lose but you'll still have an enjoyable life. It could be a lot more enjoyable (yachts, supercars, etc.) or medicore (average luxury car, small boat, etc.).
Your average person can't do that or they may not have a home, they or their kids may go hungry, they may forgo necessary medical care, etc. Risk aversion is not a valid argument unless the playing field starts the same way.
8 hours work, 8 hours recreation, 8 hours rest. My grandfather bled for this so Mr. Project Manager can go fuck himself for his overtime. May they have a better time than we did with our labor-owner relations. The pinkertons, the homestead strike, the Colorado Labor Wars, company script, blacklists, strikebreakers, infiltrators, massacre. Least we forget.