Flying cars, China's "low-altitude economy, and its underemployed youth
Friday, December 6, 2024
The “low-altitude economy” is a big trend in China at the moment. XPeng, one of China’s leading EV manufacturers, recently released a low-altitude flying car for instance. Drone deliveries are becoming increasingly common in Chinese cities, and various regions are actively developing low-altitude transportation networks. Shanghai, for instance, plans to establish 400 low-altitude flight routes by 2027.
“China Markets in Everything,” Marginal Revolution, Dec. 4.
Even in China, youth unemployment hovers around 20 percent. In the United States, by contrast, around 5 percent of recent college graduates aged 22 to 27 are unemployed.
“There is no surplus elite in America,” Persuasion, Dec. 5.