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Thursday, August 17, 2023

Unemployment exposed China, the situation was so bad that the President had to appeal

If we talk about the statistics of unemployment, then in the urban areas of China, the unemployment rate had reached more than 20 percent in the month of June, which is between 16 and 24 years.

According to a survey in China, the unemployment rate has crossed 46 percent in the month of August. A professor of Peking University has published this in one of his research articles. After the university statistics came, the Chinese government has ordered that for the time being, no statistics related to unemployment will be published.

Earlier in the month of July, China had declared unemployment rate as 21.3 percent in official statistics. According to the statistics of Peking University, the number of 16 to 24 year old youth in China is 960 million. In this, only 33 crore people have got registered in employment centers while 26 crore people are doing jobs. China has said that 48 crore children of this age limit are registered in school while 16 crore are said to be registered as professionals.

Chinese people forced to do unwanted work

Apart from this, there is a huge number of people who are doing things beyond their ability under compulsion. Lakhs of graduate boys and girls have registered themselves for the job of delivery men or taxi drivers. There has been an increase of 112.4% in the number of online driver's licenses in two years. There has also been a huge increase in frustration among Chinese youth seeing their dreams not being fulfilled. In the name of reduction, Chinese companies are firing the aging staff so that new people can be kept in their place at low wages.

Unemployment trend on chinese social media

After the ban on the statistics related to unemployment, now the people of China are raising various questions on the government's decision on the social media there. Unemployment rate is trending on Chinese social media- WEIBO. Users are also taking a pinch on Weibo. One user has written that the problems will not end by hiding the face. Another has written that no one will be considered unemployed until the Chinese government makes an announcement. Another user writes that if you have got work even for an hour, then you will not be considered unemployed. It is likely that within a few hours, the government will forcibly remove all kinds of reactions related to unemployment on Chinese social media.

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