• DankZedong @lemmygrad.ml
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    1 year ago

    Dutch news is running a story about China’s youth unemployment of 21%, stating that according to economists, it’s a ‘telling sign of decay’. Meanwhile Europe is sitting at roughly the same percentage. I wonder what the signs say about that.

    • Life2Space@lemmygrad.ml
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      1 year ago

      That ~21% unemployment rate is based off the 16-24 age group; composed of high school and university students, whose main task is studying and not working.

      • frippa@lemmy.ml
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        1 year ago

        People of high school and university age actually go pursue an education and aren’t wage slaves? That’s terrible the east has fallen!

      • DankZedong @lemmygrad.ml
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        1 year ago

        The icing on the cake was how they said China’s economy had a growth of 4-5%. They said that this would be really good for a European country, but for China it is BAD lmao. Meanwhile the EU is committing economic suicide on virtually all levels.