Topic: Unemplyment at least 50% how world will look like then ? - page 7. (Read 1370 times)
I'm not sure but according to what I found from google the unemployment rate is increseing in all over the world not just in the USA and the reason why this is happening can be because of the life situation in many countries and also the economic situation the recent world crisis was a reason for increasing the unemployment not just in the USA but in all over the world and talking about that I believe if this really happens in a developed country like the USA, then we can expect to see even much worst situation in the other countries, but in the this cannot be the reason for saying the prices will fall down because even if someone unemployed still he can have income even more than employed people.
About governors it's hard to say. Some countries are/were under monarchical regimes so far, while others are democratic ones, what means citizens choose their leaders. Consequently, if authorities are corrupt and make things more difficult for individuals through bureaucracy it's fault of the own people who are suffering in precarious living conditions.
The main power is public and not the government. If everyone stand up again ills and odd then the corrupt government has to step down.
I think portugal and spain have both endured youth unemployment statistics near to 50% for their age bracket of 19 to 24. It would seem parts of europe have already achieved 50% unemployment for some segments of the population. Wages rather than unemployment determine prices. It all depends on what consumers can afford to pay.
In africa where the average wage can be as low as $30 per month, prices are low. In other nations with higher average wages, prices will be higher.
Unemployment doesn't have much affect on prices. And cities are generally becoming less friendly and hospitable towards unemployed and homeless populations as time passes.
If you come to south asia - you will see 50% people living below the poverty lines. In africa where the average wage can be as low as $30 per month, prices are low. In other nations with higher average wages, prices will be higher.
Unemployment doesn't have much affect on prices. And cities are generally becoming less friendly and hospitable towards unemployed and homeless populations as time passes.
Some countries have made a good progress while the other corrupt government and bureaucracy has not let the country progress.
About governors it's hard to say. Some countries are/were under monarchical regimes so far, while others are democratic ones, what means citizens choose their leaders. Consequently, if authorities are corrupt and make things more difficult for individuals through bureaucracy it's fault of the own people who are suffering in precarious living conditions.
I think portugal and spain have both endured youth unemployment statistics near to 50% for their age bracket of 19 to 24. It would seem parts of europe have already achieved 50% unemployment for some segments of the population. Wages rather than unemployment determine prices. It all depends on what consumers can afford to pay.
In africa where the average wage can be as low as $30 per month, prices are low. In other nations with higher average wages, prices will be higher.
Unemployment doesn't have much affect on prices. And cities are generally becoming less friendly and hospitable towards unemployed and homeless populations as time passes.
If you come to south asia - you will see 50% people living below the poverty lines. In africa where the average wage can be as low as $30 per month, prices are low. In other nations with higher average wages, prices will be higher.
Unemployment doesn't have much affect on prices. And cities are generally becoming less friendly and hospitable towards unemployed and homeless populations as time passes.
Some countries have made a good progress while the other corrupt government and bureaucracy has not let the country progress.
it out.If they are something we do talk about 1st worlds where economic status is really on that good or sweet spot which does provide lots of jobs into its citizens then expect unemployment would be low
but if a certain country do lacks infrastructures and investors who do plan to run a business on a particular country then of course it would really be restricting out that kind of opportunity
for it to be created or open into its citizens and if this one would continue then we do know on what would happen next.
I think portugal and spain have both endured youth unemployment statistics near to 50% for their age bracket of 19 to 24. It would seem parts of europe have already achieved 50% unemployment for some segments of the population. Wages rather than unemployment determine prices. It all depends on what consumers can afford to pay.
In africa where the average wage can be as low as $30 per month, prices are low. In other nations with higher average wages, prices will be higher.
Unemployment doesn't have much affect on prices. And cities are generally becoming less friendly and hospitable towards unemployed and homeless populations as time passes.
If you come to south asia - you will see 50% people living below the poverty lines. In africa where the average wage can be as low as $30 per month, prices are low. In other nations with higher average wages, prices will be higher.
Unemployment doesn't have much affect on prices. And cities are generally becoming less friendly and hospitable towards unemployed and homeless populations as time passes.
Some countries have made a good progress while the other corrupt government and bureaucracy has not let the country progress.
I think portugal and spain have both endured youth unemployment statistics near to 50% for their age bracket of 19 to 24. It would seem parts of europe have already achieved 50% unemployment for some segments of the population. Wages rather than unemployment determine prices. It all depends on what consumers can afford to pay.
In africa where the average wage can be as low as $30 per month, prices are low. In other nations with higher average wages, prices will be higher.
Unemployment doesn't have much affect on prices. And cities are generally becoming less friendly and hospitable towards unemployed and homeless populations as time passes.
In africa where the average wage can be as low as $30 per month, prices are low. In other nations with higher average wages, prices will be higher.
Unemployment doesn't have much affect on prices. And cities are generally becoming less friendly and hospitable towards unemployed and homeless populations as time passes.
You have said the unemployment rate in the USA is 50% but you have not provided any source of your information. I know the USA is having a hard time stabilizing its economy due to the high inflation rate but I do not think the unemployment rate is that high. Many people earn money online or through the internet and probably govt counts those people as unemployed.
Self employment and self empowerment should rather be the focus other than the so called unemployment rate that will never get solved once and for all. So far the self employed are partly holding global economy compared to the public sector. This unemployment rate taking over half the population is alarming but how about creating empowerment programs to help reduce the stats
Most of the people are trying to find ways to be self employed. And the freelance industry is blooming. I was very upset on this inflation but someone said - being upset wont work - earn more money. And that is what I am doing to find ways to be self sufficient.
Self employment and self empowerment should rather be the focus other than the so called unemployment rate that will never get solved once and for all. So far the self employed are partly holding global economy compared to the public sector. This unemployment rate taking over half the population is alarming but how about creating empowerment programs to help reduce the stats
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down
Definately all prices will 80-90%down
It is really hard to imagine a country with 50% unemployment rate, it means that out of 2 random people you meet on the street one is likely employed and the other one is not. What happens to the tens of million unemployed people? The government will have to increase welfare and take care of them. All the free money that the government brings into the market should keep prices stable I would expect. A price drop of 80-90% for all goods seems very unlikely, because all the money in the economy doesn't just disappear with rising unemployment. It is just a new distribution of capital, the rich 1% and all the big corporations will hold most of the money. With half of the country not working I don't think they will be happy about where their money meant. We should see the rise of more extremist leftist politicians who will take away the money from the rich and distribute among the poor.
Here it goes universal basic income...then free money
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down
Definately all prices will 80-90%down
It is really hard to imagine a country with 50% unemployment rate, it means that out of 2 random people you meet on the street one is likely employed and the other one is not. What happens to the tens of million unemployed people? The government will have to increase welfare and take care of them. All the free money that the government brings into the market should keep prices stable I would expect. A price drop of 80-90% for all goods seems very unlikely, because all the money in the economy doesn't just disappear with rising unemployment. It is just a new distribution of capital, the rich 1% and all the big corporations will hold most of the money. With half of the country not working I don't think they will be happy about where their money meant. We should see the rise of more extremist leftist politicians who will take away the money from the rich and distribute among the poor.
Unemployment means he is free without the need to work according to structured rules.
Not at all, people who are considered unemployed in the statistics are the ones who don't have a job and are actively seeking work, the ones that don;t have a job and are not seeking any are not considered in the statistics.
For the ones wondering why OP is quoting the 50% number.
There is another statistic, that of employment level, it considers the total civilian noninstitutional population (over 16, not in prison not in the army) and the total employed workforce.
In the US there are 261 million people available for work and 151 million who actually work, so that would bring the rate to about ~60%.
But real unemployment and employment level are different things altogether.
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down
What documents do you base on to give the percentage above? This is a very high percentage, and I don't think it will happen. We are fighting inflation and economic crisis, people will also seek ways to have income and that income may not necessarily come from traditional jobs, companies or factories. In the same way that you participate in forum and crypto, it cannot be said that people who don't work for the company will be unemployed and without employment.Definately all prices will 80-90%down
Unemployment will never be 50%. That’s crazy talk. The world would be pretty much on the edge and ending if that were to happen.
If it did then most stocks and crypto would be useless. Nobody would risk buying crypto in a major major depression period.
We might get a recession but it won’t be that bad.
If it did then most stocks and crypto would be useless. Nobody would risk buying crypto in a major major depression period.
We might get a recession but it won’t be that bad.
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down
Definately all prices will 80-90%down
At 10% unemployment that is bad
At 20% unemployment that is very bad
At 30% unemployment that is very very bad
At 40% unemployment that is Armarghedon, God help us all !
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down
Definately all prices will 80-90%down
You just gave a rough statistics without a reference backup source, and this is ideally not professional, because we would have love to see a proof to your statement. or is there something you are not telling us here? Do you work in the ministry in charge of data collection in USA? Alright. i just made a brief research about the current employment rate and this is what i found out..
Quote
US Jobless Rate Unchanged for 3rd Month
The US unemployment rate was unchanged at 3.6 percent in May of 2022, the same as in the previous two months, remaining the lowest since February 2020 and compared with market expectations of 3.5 percent. The number of unemployed people increased by 9 thousand to 5.950 million, while employment levels rose by 321 thousand to 158.426 million. Meanwhile, the labor force participation rate edged up to 62.3 percent in May from a 3-month low of 62.2 percent in April
The US unemployment rate was unchanged at 3.6 percent in May of 2022, the same as in the previous two months, remaining the lowest since February 2020 and compared with market expectations of 3.5 percent. The number of unemployed people increased by 9 thousand to 5.950 million, while employment levels rose by 321 thousand to 158.426 million. Meanwhile, the labor force participation rate edged up to 62.3 percent in May from a 3-month low of 62.2 percent in April
source: https://tradingeconomics.com/united-states/unemployment-rate#:~:text=for%203rd%20Month-,The%20US%20unemployment%20rate%20was%20unchanged%20at%203.6%20percent%20in,market%20expectations%20of%203.5%20percent.
USA is a country with over 329.5 million (2020) people of which we have got people who are yet unemployed and yet still doing better as a result of multiple side hustles, and internet stuffs which pays way more better than some office jobs, e.g Youtubing, Freelancing, website and app development e.t.c
High official unemployment rates mean strengthening of informal economy in the country. I can't say about US, but in my country people work informally, because that is the gap found on the legislature for employers to have less expenses and commitments with employees and for small businessmen/autonomous workers to maximize their profits, since they don't pay extra taxes to the government they would have to, in case of registering a business legaly. There are pros and cons on this kind of economical concept, but one thing is for sure: we can't say 50% of the population is really unemployed just because official statistics are stating that.
Just wondering, where do you get that data that Unemployment is at around 50% in the US?
If there is 50% unemployment in the US, it is likely that there will be a lot of civil unrest. The cost of living will likely rise as well, as more people compete for fewer resources.
There would be widespread poverty, social unrest, and economic instability.
Just wondering, where do you get that data that Unemployment is at around 50% in the US?
If there is 50% unemployment in the US, it is likely that there will be a lot of civil unrest. The cost of living will likely rise as well, as more people compete for fewer resources.
There would be widespread poverty, social unrest, and economic instability.
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down
I have been unemployed for a couple of years, but I am even doing much better financially than when I was employed, to an extent that I don't think I will ever apply for any form of formal employment.Definately all prices will 80-90%down
Does that mean I am fucked? Nope.
Just wondering, where do you get that data that Unemployment is at around 50% in the US?
you are not unlucky but you as a lucky person can create your own job, where you say your finances are better after you stop working,
OP: I don't think there is 50% unemployment right now because I think there is a lot of work that can be done without having a big company, if there are a lot of layoffs of employees take a positive side because the company can't afford that salary alone, it would be better to be laid off than you continue working but you don't get paid and you can create new jobs that's all I think there is no need to worry because the world doesn't end when you are fired from your job
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