In a disconcerting confluence of economic challenges, China finds itself at a crossroads with debt soaring to nearly 300%, and now, the ominous specter of a darkening employment landscape. As the debt-to-GDP ratio climbs, the pressure on employment intensifies, casting shadows over job opportunities and amplifying uncertainties in the job market. Amid shrinking prospects and a gloomy job market, Chinese workers face the grim reality of pay cuts and layoffs. Reports reveal that pay cuts and unchanged salaries have become the new norm, painting a stark contrast to the past when job switches promised substantial salary increases, especially for senior-level...