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Topic: Unemplyment at least 50% how world will look like then ? (Read 1169 times)

legendary
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Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down


What are you basing your 80-90% number on, because it sounds like clueless garbage that you made up with no evidence to back it. We may eventually get to a point where such a reality exists and it might actually be a positive thing. As we are more likely to hit a 50% unemployment rate out of choice rather than the negative reality that you are suggesting. Maybe at some point in the future there will be so much automation and the richest will be reined in to the point where it might be possible to make work optional. Freeing people up to pursue genuine leisure and pleasurable activities by choice, instead of being required to work. That would achieve the same end result of meaning less than 50% of people are in employment.
sr. member
Activity: 1652
Merit: 298
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down


Unemployment,so many person's think unemployment is the inability to find or get a job.

Unemployment can also come from having a poor mindset.Your inability to create something meaningful with yourself can render you unemployed.Unemployment doesn't only come from the government;as in the government not been able to provide job opportunities for it's citizens.
 
A poor mentality influences your behavior and limits opportunities,There are so many people out there that do not obtain financial freedom because they lack the most important aspect to wealth and that is having the right MINDSET!,its not a matter of having the right connections but  been able to utilize opportunities.A wealthy mindset focuses on rewards, while the poor mindset focuses on risk.
hero member
Activity: 1064
Merit: 507
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I think unemployment is a problem in every country, any country must have problems with this, the large number of unemployed people may be due to the small number of jobs provided by the country, even though there are jobs that can be done, they require certain conditions which sometimes sometimes it doesn't make sense, I mean there are many poor people who want to work but they can't meet the requirements set by the company itself, I myself want to create jobs because I want to invite my friends who don't have jobs and income (unemployment) to have a clear income by joining me, but I myself am still trying to build a business that might invite them to work, even though the income is not much, but at least it can help their economy financially. I have read a recent news quote regarding the condition of my country where unemployment in my country is, "7.86 million people are unemployed or the equivalent of an open unemployment rate of 5.32%" and this is of course quite a large value, I hope the government can provide Job opportunities are wider for people who are not yet working, because after all they also live by needing a stable income.

sometimes the annoying thing is that the government is just indifferent, they don't care about the condition of their people, at the beginning before they took office in government they asked the people to help them get elected, and promised to help all people, but the results are now reversed, they only care about themselves itself.
sr. member
Activity: 2044
Merit: 329
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down


Unemployment is a problem that will continue to haunt many countries around the world, because when unemployment is high, purchasing power decreases drastically and more criminals will emerge. a government that is wise and cares about this issue will definitely implement a targeted program that will boost the purchasing power of people affected by the negative impact of unemployment.
but the differences between poor - developing - developed countries are very clear, developed countries often give their citizens incentives in the form of money and health products consistently while poor countries never do that, their governments are only busy with themselves.
hero member
Activity: 2184
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I don't think AI can ever replace humans. At least not at this moment. Of course, AI have advanced much in these recent years but we still needs human touch to complete a work. AI can be used as tool, a tool which can help at doing a work more efficiently and more productively. We have already seen many examples of this. How ChatGPT is being utilized to reduce human error.

But at the end of the day, AI would need humans. AI didn't made us, we the humans did.
AI technology cannot completely replace the human touch, but the presence of AI and other technologies has proven a reduction in human labor in every industry, many employee activities have been replaced with technology and many employees have finally had their employment contracts terminated because human labor is no longer needed, future technology will more sophisticated and of course unemployment will increase, the government must prepare options to open thousands of job vacancies to improve people's welfare
sr. member
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Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down

I don't really know why you are pointing on at only the United States only. Unemployment surging Upto 50% is something absurd and I don't think that would ever happens looking at how the united States is so equipt with tools and industries that would be able to empty more than 80% of workers.  If unemployment falls to 50% that would cause a big problem. Looking at unemployment in the whole world, I don't think it is up to 50% because there are more people that have businesses they are doing even is small.
sr. member
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I have a feeling that unemployment will continue to be on the rise around the world because of the change in environment, that is caused by Automation and Artificial Intelligence (AI), just look at ChatGPT, the amount of problem it solves in seconds, so why do you need man when machines can do their work cheaper and faster, and I expect to see more from AI in the next 5 years

AI is definitely being utilized much more by big companies or corporations and because of this we are seeing a bit of a decline in human resources however AI is still far from totally replacing humans as for the next 5 years, AI might reach a new development but still might not be enough to completely remove humans from the work field
I don't think AI can ever replace humans. At least not at this moment. Of course, AI have advanced much in these recent years but we still needs human touch to complete a work. AI can be used as tool, a tool which can help at doing a work more efficiently and more productively. We have already seen many examples of this. How ChatGPT is being utilized to reduce human error.

But at the end of the day, AI would need humans. AI didn't made us, we the humans did.
hero member
Activity: 1064
Merit: 507
Leading Crypto Sports Betting & Casino Platform
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Basically, unemployment is one of the worst factors from a socio-economic perspective. Unemployment is the biggest factor faced by the country. It is the state's full responsibility to overcome it in an effective and sustainable way.

In fact, unemployment will have a negative impact on the economy of a country, including poverty, lack of state income and the welfare of the people in that country is in disarray, all of which will lead to negative social actions for life.

In my opinion, the current large number of unemployed is due to the difficulty of existing job opportunities, many young people have graduated from school or college but they don't work, and it is also difficult to get real work that pays because big companies usually only accept someone who has a degree, even though according to My existing degree is not a benchmark for being able to work, because when working, of course the skills are needed by the company. I have a friend who doesn't work but he has tried here and there to apply for jobs but there are no results, even some companies accept them but have to pay first. The requirements of companies today are often unreasonable, because you have to pay up  front to be able to join the company,  this is an additional burden on the minds of unemployed people in every country or region.

but if you think about it, with the current good technological developments, I think we can start a business, even with little capital it can be profitable,  because in my environment, many people especially women,  sell clothes online and this makes money. we have to be able to take advantage of what we have and I hope that the number of unemployed people can be reduced because they have to be able to make smart use of the situation.
sr. member
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Merit: 298
out of 339m population only 58% are in the "working age" category
and out of all those in the working age category, not everyone actually works.. so the number is actually close to the 50% already

When calculating the unemployment rate, you don't use the full population of the region. You use the population of people who are in the labor force brackets. Unemployment is simply when somebody who is willing to work and is looking for a job, cannot find a job, so we can't include those who are not able to work in the unemployment rate. Children and old people for example are not among the unemployment rate. People who are disabled in one way or the other and can't work because of that are not among the pregnancy rate. There may be other factors that I do not know of too.

The unemployment rate is the number of those who can work but are not employed or cannot find any employment against the number of those who are employed.
As of 2022 when the OP was made, the labor for of America was 66% of its total population. That's just over 223 million people in the labor force. This means out of this 223 million people in the US, about 3.7 of them are unemployed.
legendary
Activity: 2002
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Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Basically, unemployment is one of the worst factors from a socio-economic perspective. Unemployment is the biggest factor faced by the country. It is the state's full responsibility to overcome it in an effective and sustainable way.

In fact, unemployment will have a negative impact on the economy of a country, including poverty, lack of state income and the welfare of the people in that country is in disarray, all of which will lead to negative social actions for life.



In my opinion, if unemployment increases to 50%, the country will have an impact as stated below.

Definately all prices will 80-90%down
full member
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I have a feeling that unemployment will continue to be on the rise around the world because of the change in environment, that is caused by Automation and Artificial Intelligence (AI), just look at ChatGPT, the amount of problem it solves in seconds, so why do you need man when machines can do their work cheaper and faster, and I expect to see more from AI in the next 5 years

AI is definitely being utilized much more by big companies or corporations and because of this we are seeing a bit of a decline in human resources however AI is still far from totally replacing humans as for the next 5 years, AI might reach a new development but still might not be enough to completely remove humans from the work field
hero member
Activity: 2044
Merit: 529
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I have a feeling that unemployment will continue to be on the rise around the world because of the change in environment, that is caused by Automation and Artificial Intelligence (AI), just look at ChatGPT, the amount of problem it solves in seconds, so why do you need man when machines can do their work cheaper and faster, and I expect to see more from AI in the next 5 years
full member
Activity: 336
Merit: 163
Eloncoin.org - Mars, here we come!
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down



The truth is that people that successful today chose to work things out themselves, they never allowed their state of unemployment to hinder them from thinking outside the box, individuals no longer believe in employment itself, so many of them are busy investing ideas and selling those ideas to make money, personally, before now I use to think about this employment of thing as the ultimate, I reasoned about it which among the world richest men is an employee, is either they were employed before and resigned to build theirs or they build from scratch, the era of waiting for government or firms to employ you has gone, what we have to do now is to fit in the system.
legendary
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If there was at least 50% unemployment the world would face significant challenges. The economy would struggle leading to a decline in consumer spending & businesses facing financial difficulties. Poverty rates would increase placing a strain on social welfare systems. Inequality would likely worsen as job opportunities become scarce. Society would experience social unrest with increased crime rates & political instability. This scenario could also motivate innovation & the adoption of new technologies to create alternative forms of employment. Government intervention & investment in education, training & job creation would be crucial to mitigate the negative impacts of high unemployment.
legendary
Activity: 4172
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out of 339m population only 58% are in the "working age" category
and out of all those in the working age category, not everyone actually works.. so the number is actually close to the 50% already

full member
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Merit: 161
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Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down

Unemployment does not mean that one can't have a private business. I think most people out there have businesses they manage and doesn't depends on government work to survive, and I don't see how it will look like if %50 of USA citizens are not employed. Most people have online business they do behind close doors and you would rearly know what they do not until they tell you. The world is gradually changing and physical works are gradually fading away. And people are embracing the tech and ways of life. So I presume %50 work online and %50 works offline and that makes it %100 and morover all citizens must not follow thesame part.
legendary
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Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down



Prolonged total unemployment will always be looking for a "way out"..... It may be a transition to subsistence farming, organizing into armed gangs, hiring for food, etc. "solutions". If 50% WORKABLE population will become unemployed and will not take any steps (see above) - this layer will simply begin to die out, no matter how rough it sounds. At first, of course, they can sell off their assets, but let's be honest - 60-70% of the world's population has no "financial cushion" or other highly liquid assets in large volume. Therefore, they will not be able to provide themselves with minimum necessities for a long time.... And further - either starvation death or any of the above options of survival, implying some "work"
sr. member
Activity: 1148
Merit: 296
Today unemployment is a huge problem and in some societies this problem is seen as a curse. Every year when the unemployment rate is calculated, it can be seen that the unemployment rate has increased in the current year compared to the previous year. A large number of students are constantly completing their graduation but not many new places are created to give them jobs or no new positions are vacant which is the main reason for unemployment. If 50% of people in America are unemployed, other countries will have more. America is a dream country for the people of every country. If the people of that dream country are unemployed, then the situation of some countries is really terrible because of this unemployment.
sr. member
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If a person generates an income then I think that is considered as employed (self employed) but indeed that during the beginning of the covid many people are switching online because they are either get removed from their jobs or they find it much safer than going outside and catching the disease.
I consider trading a job because it can make money, and it is true as you say, especially if someone can make money even though they work online or work from home, that is not unemployment because what is called unemployment is no income at all. And during the pandemic, many people were laid off so they turned to looking for work online, including me.

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I know that not all people have the ability to do same so they are still looking forward to work in an offline job. The unemployment rate won't grow if there are no wars and covid viruses but both of these events can soon to subside so I believe that the unemployment rate will also get lesser especially now that the online business is booming.
Since the boom in online business, unemployment has decreased, this is proven because the Internet is a world that has no physical form but is real, and in which various human activities occur. Starting from buying and selling, interacting, to providing assistance, to becoming one of the largest economies in the world.
full member
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According to international labour organisation global youth unemployment reach 73 million in 2022. Wider economic risks such as accelerating inflation may come into play. Labour market prospect are uneven across the globe. Women have been worse hit by the labour market crisis than men. Unemployment is always a crisis irrespective of the region.

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The International Labor Organization (ILO) projects that global unemployment will increase by around 3 million people to 208 million people in 2023 as a result of the world economic slowdown. Furthermore, global employment growth will reach only 1.0 percent in 2023, less than half the rate in 2022.
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It seems that the increase in unemployment continues to increase every year, there are many factors that cause this, including more and more productive age people who have graduated from school, old people being replaced by young workers and layoffs and many other reasons and what you said is it is true that women contribute to the highest unemployment rate even today, this is all because there are still many views about gender differences and women are rarely able to work in the manual labor sector.
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