Thursday, April 24, 2014

China Torpedoing the Emergence of a Middle Class?

Calling yourself a diaosi has also become a proud statement of solidarity with the masses against the perceived corruption of the wealthy. The word itself entered the language only recently, appealing to office grunts across the country, especially in the IT industry. A mostly male species, diaosi are often daydreamers with poor social skills and an obsession with online gaming. They are slightly different from Japan’s marriage-shunning “herbivore” young men in that fewer of them have chosen their station in life. Society has chosen it for them, especially with property prices climbing well beyond their reach. Several recent studies show that, while incomes across Chinese society continue to rise, social mobility has worsened. Yi Chen of Nanjing Audit University and Frank A. Cowell of the London School of Economics found that, since 2000, people at the bottom of society were more likely than in the 1990s to stay where they were. “China has become more rigid,” they conclude.

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