Re:2022 Letter
by marianatom on Saturday March 04, 2023 @02:58PM
(#35023938)
China's youth unemployment is at 20% end of 2022. https://www.france24.com/en/asia-pacific/20221021-i-feel-lik..., a Great Depression type of number. With the recent estimated 80% reduction in factory jobs in 2023, One can assume the unemployment is a lot worse than 20%. If you look at some of the online videos, you will see factories that are now requiring only female workers, workers under 23, etc. You will see 100 people in line for 3-4 positions.
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> If you look at some of the online videos, you will see factories that are now requiring only female workers, workers under 23, etc.
For perspective, this is rather common outside China too. Working in a factory is hard work and factories often have severe age limits. China's demographic problems mean that its time as a factory hub was always going to be limited.