China’s economic landscape is increasingly shaped by a growing social and economic issue known as ‘involution.’ This term describes a situation where individuals and businesses invest more effort and resources without achieving proportional gains in productivity or income. Workers across various sectors, especially in technology and education, report longer hours and heightened competition, yet see minimal improvement in career advancement or wages. The phenomenon reflects deeper structural challenges within the economy, including market saturation, limited innovation, and rising youth unemployment. Policymakers are now under pressure to address these inefficiencies through reforms that encourage sustainable growth rather than endless competition for stagnant outcomes. As public discourse around work-life balance intensifies, the government faces mounting calls to redefine success metrics beyond GDP expansion.
— news from wsj.com
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A New Challenge for China’s Economy: ‘Involution’ wsj.com
A New Challenge for China’s Economy: ‘Involution’ wsj.com