【We Chinese in America Media Editor Tang Zhao, April 11, 2022】 South Korea is the most expensive country in the world to raise children, followed by China, a large part of which is the cost of education and childcare. (Images from USDA)
Raising children is expensive no matter where you live, according to a survey by the Yuhua Population Research Institute cited by the Jefferies Group, CNN reported. If the child is drawn from 0 to 18 years old, South Korea ranks first, followed by China, and Italy ranks third. The US is in the middle of the top 14 most expensive countries, sandwiched between Germany and Japan.
Why is it so expensive to raise a child in the Far East?
A big part of that is education costs, as well as childcare costs. According to Jefferies, preschools in China until recently were mostly privately offered. In China, it costs more than $75,000 to raise a child until they are 18, and another $22,000 to get them through college.
Although in absolute terms, it is much lower than that of Western countries, including the United States, but the ratio of GDP per capita is very high. Analysts at Jefferies also pointed out that the key difference between the two sides is that "many Western countries have government-sponsored student loans. The burden is transferred from the parents to the children.” For example, in the 2019-2020 school year, 55% of college graduates in the United States had student loans on their backs when they left school.
Lawmakers can actually help reduce the cost of raising children, including subsidizing childcare to narrow the gap between income groups.
Generally speaking, the fertility rate in richer countries is lower than that in developing China, which is a so-called "demographic and economic contradiction", and the rich choose to have fewer children than those with lower incomes.
Analysts at Jefferies said that China's economic development "is likely to fall into the demographic-economic conflict like many other developed countries, and productivity may fall to a lower level than many expect". In addition, the number of marriages has also fallen, and children born out of wedlock are less common in Asia than in Western countries.
Demographic trends such as fertility rates affect a country's business and economy. An aging population can create a crisis in the social welfare system due to a shrinking working population. The need for automation may increase in the future to replace lost labor. Demographic trends also affect companies and stocks, although problems won't become apparent for decades.
"We expect the world, and China in particular, to continue to work hard and significantly reduce the cost of raising children," analysts at Jeffries said. This could include tax incentives, cash handouts, and various grants.
(Source: Compiled from Online Information)
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We Chinese in America Media Editor Tang Zhao, April 10, 2022】 California home prices are growing fast. (Soaring Housing Price Image from Forbes)
Home prices have surged over the past year, with low inventory and low interest rates pushing the median U.S. home price up nearly 20% in a year. And this surge is the largest in 20 years, especially in California. Home prices in most California cities have risen sharply since 2000, with many doubling or even tripling, and the top six cities in the nation for home price growth are all in California. But many Southern California residents aren't worried about being in a real estate bubble, arguing that there's no substitute for local properties.
According to data analyzed by real estate brokerage firm Clever, San Francisco, the nation's highest-rising market, had a typical home price of $356,800 in 2000. But by 2022, the typical house price is nearly $1.4 million, a 290 per cent increase and almost four times what it was 22 years ago.
San Francisco is often cited as the most extreme example of a runaway housing market, but it's not the only city in California to see astronomical price increases. Clever analyzed median home prices in the nation's 50 largest metropolitan areas and found that in 13 cities, home prices have more than tripled since 2000. In addition to San Francisco, the top six cities in California are Los Angeles, Riverside, San Diego in Southern California, San Jose, and Sacramento in Northern California., the increases were 280%, 278%, 275%, 261%, and 237%.
About 20 years ago, a typical home in Riverside or Sacramento was easily worth less than $200,000. But now, according to Clever, the median home price is $544,000 in Riverside County and $583,000 in Sacramento.
San Diego was slightly more expensive in 2000, with an average home price of $231,000. Today, the same house could be worth $858,000. The median home value in Los Angeles in 2000 was about $231,000. It has jumped to $878,000 by 2022, an increase of 275%.
During the same period, the national average increased from $127,215 to $325,677, an increase of 156 per cent or about 2.5 times, according to Clever's full report.
A Los Angeles resident who just moved to California a few years ago, bought a house in Los Angeles four years ago. She said that although many people have claimed that California is seriously losing its population, or that they are leaving due to high taxes and security issues. But in fact, California's big cities such as Los Angeles are still very longing for people in other parts of the country. In addition to the irreplaceable natural geographical features, there are also the pillars of the entertainment industry, the film and television industry and the technology industry. There is no other American Cities can shake.
Even if other cities attract investment, Silicon Valley and Hollywood have built international fame after all and will always attract practitioners from all over the world. She said many people believe that California's already high home prices may not increase more than elsewhere, and the marginal benefit will be smaller. But she believes that there will still be a Matthew effect in the future society, that is, it will become more and more polarized, and the bigger the city, the more people will be attracted.
Another hone owner who has lived in the San Gabriel Valley for more than ten years, holds the same view. He believes that this is why although the number of outflows is large, the number of inflows is even greater. Although the housing price in California is already high compared with other cities in the United States, it is unlikely that it will fall sharply. After all, there is still such a serious housing problem, and houses are a scarce resource.
On the other hand, even though California house prices are expensive, because the city is not dense, the unit price is also expensive in general. However, for residents of New York City and many developed Asian cities, such as Shanghai, Hong Kong, Tokyo and other places, California houses are cheap and affordable, and it is still a big city, with all the necessary consumption or work resources, and the quality of life will not be decline.
(Source: World Journal)
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【We Chinese in America Media Editor Tang Zhao, April 8, 2022】 As a continuous effort to enhance our valuable service to We Chinese in America website readers, We Chinese in America website posts US Army recruitment information directly received from the US Army Recruiting Command headquarter office at Fort Knox, Kentucky. We are pleased to take on this important role partnering with US Army Recruiting Command (USAREC) and be a part of the USAREC’s Partnership Outreach Program to better inform the public.
U.S. Army guarantees new enlistees duty station of choice
By Capt. Mia Figgs USAREC Public Affairs
FORT KNOX, Ky. –
The Army now offers new active-duty recruits the ability to select their first duty station, giving many the option to go as far away from or stay as close to home as they want.(Image from USAREC website)
The duty station of choice enlistment option currently includes more than 5,600 vacancies in 17 different career fields, based on the availability of the selected military occupation.
“The Army understands that having the option to stay closer to home and loved ones is a big deal, and it’s taking steps to make the decision easier on applicants,” said Brig. Gen. John Cushing, the deputy commanding general for operations at U.S. Army Recruiting Command.
For applicants in eight different states, the option provides the opportunity to stay closer to home and closer to family. It applies to a variety of military occupations like infantry, cavalry scouts, aviation or information technology.
A select few installations are available for the station of choice option: Fort Carson, Colorado; Joint Base Lewis-McCord, Washington; Fort Bliss and Fort Hood, Texas; Fort Polk, Louisiana; Fort Riley, Kansas; Fort Stewart, Georgia; Fort Drum, New York; and installations in Alaska. This list is subject to change based on the needs of the Army, and the option does not apply to overseas locations.
“At the time when I joined the Army, even with a high (Armed Services Vocational Aptitude Battery) score, this option didn’t exist,” said Staff Sgt. Zackary Orr, who serves as a U.S. Army recruiting noncommissioned officer in Iowa. “Just the fact that today’s applicants have these great incentives that will allow Soldiers to stay closer to family has been an incredible asset, especially during a time when the Army isn’t the same Army it was 10 or 15 years ago.”
(Source: USAREC Office Direct Email)
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Many applicants have the opportunity to use this enlistment option and combine it with multiple available bonuses, resulting in the possibility to receive up to $50,000 in enlistment incentives.
Individuals can learn more about Army career options and the benefits of military service at www.goarmy.com.
【We Chinese in America Media Editor Tang Zhao, April 9, 2022】 Los Angeles World Airports (LAWA) is partnering with Unibail-Rodamco-Westfield Airport to host a job fair on Saturday, April 16. (Provided by LAX)
Los Angeles World Airport (LAWA), in partnership with Unibail-Rodamco-Westfield Airport, is hosting a career fair at the Flight Path Museum on Saturday, April 16, from 9 a.m. to noon, offering more than 350 job opportunities.
The job fair requires pre-registration, please visit https://www.eventbrite.com/e/350-lax-jobs-ready-for-take-off-tickets-304467188557?utm_campaign=04.04.2022_Job_Fair_Release&utm_medium=email&utm_source=BenchmarkEmail.
Hiring companies include: HMSHost, Crews, Concord Collective Partners, Delaware North Companies, Paradise Lagardere, Areas, Hudson Group, Marshall Retail Group, Stellar News and InMotion, and will be hiring for chefs, cashiers, baristas, utilities Personnel, Operations Managers, Senior Assistants, Managers, Supervisors, Lounge Attendants, Customer Service Representatives, Warehouse Personnel, etc.
The job fair is on April 16 at 9:00 a.m. at 6661 W. Imperial Highway, Los Angeles, CA 90045.
(Source: World News Network)
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【We Chinese in America Media Editor Tang Zhao, April 7, 2022】 As a continuous effort to enhance our valuable service to We Chinese in America website readers, We Chinese in America website posts US Army recruitment information directly received from the US Army Recruiting Command headquarter office at Fort Knox, Kentucky. We are pleased to take on this important role partnering with US Army Recruiting Command (USAREC) and be a part of the USREC’s Partnership Outreach Program to better inform the public.
Per U.S. Army Recruiting (USAREC) Partnership Outreach Program Office, finding and hiring more than 90,000 fully qualified individuals for the U.S. Army and Army Reserve every year is quite a challenge, especially since only 29 percent of young Americans meet the minimum qualifications to serve.
The fact is, 50 percent of youth today admit they know little to nothing about their nation’s military. They say they can’t even name all the services.
Below is a graphic helping educate the people about the Army opportunity.
(Source: USAREC email communication)
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