College Educated Chinese Notice Lack of Employment

Considering that, like all of us, I have an advance degree, it's difficult for me to be sympathetic with the Chinese who are having trouble finding jobs. The job market in the US seems to have gone down directly when I have needed a job, every time.

When there is a global recession, when factories are closing down and countries are printing money right and left to bail out big business, it isn't a huge surprise if the job market is down. In China though, it seems education was the big saver, as it used to be in the US. No more.

Conspicuous Consumption

Paris, while it might not be home to the most conspicuous consumers, is visited by them nonetheless, due to being the home to many luxury goods.

In this economy, not only are the super-wealthy being downgraded to merely wealthy, but many aspiring to great wealth have been derailed by the global financial downturn. As a result, blatant displays of luxury are frowned upon.

Another result, probably closer to home to most people, is that many who were formerly outsourcing errands in some way, be it by going to the nail salon, hiring a dogwalker or employing household staff, are scaling back.