Despite having a college degree, wages are low for job seekers. At a recent Beijing job fair, graduates know the odds: only 35 percent have found work.
More than a million recent graduates have ended up crammed into cheap subdivided apartments. They’re packed in so tight, they’re nicknamed “ants.”
These apartments — “ant colonies” — are illegal. CBS NEWS took a hidden camera to see one with 20 beds and one bathroom. Another unit we saw slept 30.