?? China's social contract is changing
20% of 16-24 year-olds in China were unemployed in July of this year , which is 4x the youth unemployment rate of the US, and about 50% higher than the Euro area. Although this rate has now?come down to 18% , it’s still a sign that?the Chinese social contract is changing . The population is expected to give up freedom for economic prosperity, but instead, is met with incessant lockdowns and a crumbling tech sector.
This is an excerpt from the latest Charts of the Week , a newsletter in which I look at some of the key trends shaping the near future, through data. In this week's Charts, I also tackle:
Realtor in Louisville Kentucky ? Finding the Land to Build Dream Homes ? Residential, Farms, Land, Acreage
1 年Frustrated young men with largest military = implosion or war / the whole world should worry.
Researcher | Consulting Advisor | Keynote | Chief Innovation / Learning Officer. AI to Transform People's Work and Products/Services through Skills, Knowledge, Collaboration Systems. AI Augmented Collective Intelligence.
1 年Young people's prospects are a key to social stability. The pent-up energy of perceived unfairness can discharge internally and unpredictably - or can be channeled into aggression against made-up external threats. We all should hope that China gets this one right peacefully.