The regionally very high rate of youth unemployment contributes to destabilizing societies. Economic hopelessness is the fuel for despair, and it contributes to the fact that many young adults have to live at home with their parents and thus never have the opportunity to start their own families. The resulting falling birth rate further destabilizes our societies.
Youth unemployment rate:
🇿🇦 South Africa: 58% 🇪🇸 Spain: 27.9% 🇬🇷 Greece: 27.3% 🇵🇹 Portugal: 23.5% 🇸🇪 Sweden: 22% 🇮🇹 Italy: 21% 🇮🇷 Iran: 20.1% 🇱🇺 Luxembourg: 20% 🇧🇪 Belgium: 17.5% 🇫🇷 France: 17.4% 🇹🇷 Turkey: 16.7% 🇭🇺 Hungary: 13.7% 🇬🇧 UK: 12.7% 🇳🇿 New Zealand: 12.1% 🇨🇦 Canada: 11.3% 🇹🇼 Taiwan: 11.27% 🇳🇴 Norway: 11.2% 🇵🇱 Poland: 10.6% 🇦🇹 Austria: 9.7% 🇦🇺 Australia: 9.6% 🇳🇱 Netherlands: 8.2% 🇺🇸 United States: 8% 🇭🇰 Hong Kong: 5.8% 🇩🇪 Germany: 5.6% 🇰🇷 South Korea: 5.3% 🇯🇵 Japan: 3.8% 🇨🇭 Switzerland: 2.1%
I live in Spain, and although the data you give is not completely incorrect, since it is "official" data, the data is very manipulated, the figures are higher, and in Spain, if a person just working for a few months is no longer in the unemployment figures for the entire year, everything is manipulated so as not to show the real figure.
That's terrifying
I thought the promise of AI is that we would "free people up" to pivot and do "more interesting things"... you would think these people would be happy with all the free time to be scholars etc...
I think the societal transission will be horrible as we need to define a new set of values and morals the moment the calvinist ethos breaks down
Yup. People need a purpose.
Yes, I came here to say the figures will be fudged in most countries.
Yes of course, el ''Perro'' needs to manipulate like all these parasites to keep the people calm. The stats are more for orientation to know where it's worse or better in comparison. That's the world we're living in...
From the comments the bigger story seems to be about manipulation of economic data. I wonder if there's a market for independent data collection.
Yes. But i just know about the webpage that calculates real inflation rates.
I think the youth unemployment rate in China is about 20%. That’s why Chinese youths grow disillusioned about their future and subscribe to the “lying flat” (tang ping) phenomenon
I read numbers between 25 and 35%. I think the commies messed it up terribly!
The problem is the government imposes a price floor on certain services. You want to sell your labor for what it’s worth, the employer wants to buy it at that price, but the government says no. You have to sell your labor for way more than it’s worth, so what happens is fewer people are hired, services are reduced, customer prices go up.
Price floors lead to surpluses and price ceilings lead to shortages. Everyone agrees on this, but when you refer to minimum wage, which is simply a price floor on labor, everyone’s emotional monkey brain kicks into overdrive to argue how it’s somehow an exception.
I did this several times over the years, writing about minimum wages and its horrible implcations... You are immediately the biggest a..hole of all
The number is for sure at least 30% in Hungary. Even people who are aged at 40 still living in their parents garden in a different room. I don't think the data is correct.
Of course it's manipulated as it needs to serve state actors. But the comparison is possible
Russia?
Somewhat around 16% 2 years ago It's difficult to find good data nowadays. I wonder why...
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