bloomberg: While part-time work fits in with the desires of the nation’s newest workers, it’s also winning favor from an increasing number of older ones. by David Ramli and Xiaoqing Pi
'China is going through its slowest economic growth in more than 25 years and the underemployment rate jumped to more than 5 percent last year from near zero in 2010, according to at least one estimate.
'Workers at unprofitable state-run steel mills and coal mines face bleak scenarios. Many have had their pay cut and shifts reduced while others are forced to take unpaid leave. The number of manufacturing, mining and construction jobs have been shrinking since 2012 while more workers flock into a gig economy that tends to hire with more flexibility.
'"We’ll see more people forced to take part-time jobs," said Zhou Xiaozheng, former professor of sociology at Renmin University in Beijing. "Who doesn’t want stable, traditional and easy jobs at state-owned companies? But those jobs are no longer available, at least not available to college graduates or migrant workers who don’t have any privilege."'