According to Bloomberg.com, in the last decade, China has produced close to 60 million college graduates. And the World Bank experts thinks that there to be up to 200 million -- more than the entire U.S. workforce by 2030.
Higher education in China is continuously growing, changing and developing. There are over 2,000 universities and colleges, with more than six million enrollments in total. China has set up a degree system, including Bachelors, Masters and Doctoral degrees that are also open to foreign students. The country offers non-degree programmes as well.
In this case American political commentator, economist, professor, and author Robert Reich shared on Facebook:
'Middle-class American wages have stagnated for 16 years, due to a combination of globalization (especially outsourcing manufacturing to China) and technological displacement.
The future doesn’t look any better. China’s manufacturing workforce is now shrinking as those jobs move to lower-wage countries. But in the last decade China has produced close to 60 million college graduates; within 15 years it will be 200 million. That’s more than the entire U.S. workforce -- most of whom will be in competition with American white-collar and professional workers.
American college graduates are already experiencing declining wages and fewer good jobs. Together with the angry blue-collar workers that have stoked Trump’s candidacy, they’ll constitute an even larger political force for fundamental change – not closed borders and higher tariffs, hopefully, but higher taxes on great wealth that can finance more and better public investments in education, infrastructure, and basic R&D, as well as a major wage subsidy for the bottom 80 percent.'
The educational attainment of the U.S. population is similar to that of many other industrialized countries with the vast majority of the population having completed secondary education and a rising number of college graduates that outnumber high school dropouts.
Overall the households and demographics featuring the highest educational attainment in the United States are also among those with the highest household income and wealth. Thus, while the population as a whole is proceeding further in formal educational programs, income and educational attainment remain highly correlated.