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by berserk1010 974 days ago
Did China's youth jobless rate really hit 46.5%? https://asia.nikkei.com/Spotlight/Caixin/Did-China-s-youth-j...

takes into account the Chinese youth's laying flat and full time children movement.

2 comments

They promised there children programming jobs and a golden future. But the party wants them to work in factories, just like dad did. They created the ilusion of upwards mobility in a society with no upwards mobility and burden those youngsters at the same time with a aging population. If you can not win, why even play?
but don't American political sphere think Americans want factory jobs? Did the role switch? Chinese don't want factories jobs and Americans do? Or does American political sphere overestimates how much real people in American want factory jobs?
most probably it's exaggerated, China youth unemployment rate should be similar to that of my Country, Italy, which is at 22% officially, a couple points down unofficially (off the books jobs, people getting state benefits that should not get etc. etc.)

EDIT: in Italy we measure youth unemployment for people up to 34 years old

in the range 15-24 (the one used in the linked article) the unemployment rate is 40.2% on average, 38.8% for men and 42.6% for women