Unemplyment at least 50% how world will look like then ?

[325btc]

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

[1715282989]

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[1715282989]

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[naira]

Unemployment has different categories. Not all unemployed does not mean he has no income. This strength can be drawn from the increase in job applicants in factories and some shops. Unemployment means he is free without the need to work according to structured rules. According to the Bureau of Labor Statistics (BLS) in the United States:

There are about 60,000 eligible households in the sample for this survey. This translates into approximately 110,000 individuals each month, a large sample compared to public opinion surveys, which usually cover fewer than 2,000 people. The CPS sample is selected so as to be representative of the entire population of the United States. In order to select the sample, all of the counties and independent cities in the country first are grouped into approximately 2,000 geographic areas (sampling units). The Census Bureau then designs and selects a sample of about 800 of these geographic areas to represent each state and the District of Columbia. The sample is a state-based design and reflects urban and rural areas, different types of industrial and farming areas, and the major geographic divisions of each state.

Every month, one-fourth of the households in the sample are changed, so that no household is interviewed for more than 4 consecutive months. After a household is interviewed for 4 consecutive months, it leaves the sample for 8 months, and then is again interviewed for the same 4 calendar months a year later, before leaving the sample for good. As a result, approximately 75 percent of the sample remains the same from month to month and 50 percent remains the same from year to year. This procedure strengthens the reliability of estimates of month-to-month and year-to-year change in the data.

Each month, highly trained and experienced Census Bureau employees contact the 60,000 eligible sample households and ask about the labor force activities (jobholding and job seeking) or non-labor force status of the members of these households during the survey reference week (usually the week that includes the 12th of the month). These are live interviews conducted either in person or over the phone. During the first interview of a household, the Census Bureau interviewer prepares a roster of the household members, including key personal characteristics such as age, sex, race, Hispanic ethnicity, marital status, educational attainment, veteran status, and so on. The information is collected using a computerized questionnaire.

Each person is classified according to their activities during the reference week. Then, the survey responses are "weighted," or adjusted to independent population estimates from the Census Bureau. The weighting takes into account the age, sex, race, Hispanic ethnicity, and state of residence of the person, so that these characteristics are reflected in the proper proportions in the final estimates.

A sample is not a total count, and the survey may not produce the same results that would be obtained from interviewing the entire population. But the chances are 90 out of 100 that the monthly estimate of unemployment from the sample is within about 300,000 of the figure obtainable from a total census. Relative to total unemployment—which ranged between about 7 and 15 million over the past decade—the possible error resulting from sampling is not large enough to distort the total unemployment picture.

This means that each sampling will be very diverse and have changes from time to time based on levels taken randomly or using the questionnaire method. The data will continue to change every month and is invalid for a certain period of time, so the government needs to update the data starting from screening, job applicants and graduation of applicants who were out of the sample last month.

I took the questions posed to the informants, namely acting as a research sample that met the following requirements:

1. Does anyone in this household have a business or a farm?

2. Last week, did you do any work for (either) pay (or profit)?
If the answer to question 1 is "yes" and the answer to question 2 is "no," the next question is:

3.Last week, did you do any unpaid work in the family business or farm?
For those who reply "no" to both questions 2 and 3, the next key questions used to determine employment status are:

4. Last week, (in addition to the business) did you have a job, either full or part time? Include any job from which you were temporarily absent.

5. Last week, were you on layoff from a job?

6. What was the main reason you were absent from work last week?
For those who respond "yes" to question 5 about being on layoff, the following questions are asked:

7. Has your employer given you a date to return to work?
If "no," the next question is:

8. Have you been given any indication that you will be recalled to work within the next 6 months?
If the responses to either question 7 or 8 indicate that the person expects to be recalled from layoff, he or she is counted as unemployed. For those who were reported as having no job or business from which they were absent or on layoff, the next question is:

9. Have you been doing anything to find work during the last 4 weeks?
For those who say "yes," the next question is:

10. What are all of the things you have done to find work during the last 4 weeks?
If an active method of looking for work, such as those listed at the beginning of this section, is mentioned, the following question is asked:

11. Last week,, could you have started a job if one had been offered?
If there is no reason, except temporary illness, that the person could not take a job, he or she is considered to be not only looking but also available for work and is counted as unemployed.

According to the United States Bureau of Labor Statistics, the June 2022 Employment Situation is scheduled for release on July 8, 2022, at 8:30 am Eastern Time. So it could be that it will have a significant decrease or even increase. What is clear is that when the US economy is in an unpromising condition, it will only continue to worsen the unemployment data for the following month.

[Bitcoin_Arena]

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.

Does that mean I am fucked? Nope.

Just wondering, where do you get that data that Unemployment is at around 50% in the US?

[D ltr]

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.

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

[edgycorner]

Just wondering, where do you get that data that Unemployment is at around 50% in the US?

I think it's a hypothetical question. He wants to know how things will be then.


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.

[South Park]

Just wondering, where do you get that data that Unemployment is at around 50% in the US?

I think it's a hypothetical question. He wants to know how things will be then.


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.

I think at that point we would need to even ask ourselves if there is a society which can survive for long with an unemployment rate of 50%? And even if it does, is it a society in which we would like to live in? I ask this because in such a society it is obvious that people will do what they can to survive, so civil unrest all over the country will be a reality and even for the fortunate enough to still have a job it would be dangerous to move around the city, since the probabilities of being victims of a crime will go up dramatically at the point.

[uneng]

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.

[CryptoHeadlineNews]

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
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..

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

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

[gweb1996]

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
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 !

[adaseb]

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.

[Minecache]

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.
 

[stompix]

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.

[Mauser]

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
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.

[325btc]

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
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

[Alisha-k]

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

[Cryptock]

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.

[DVlog]

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.

[Hydrogen]

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.

[og kush420]

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.
Some countries have made a good progress while the other corrupt government and bureaucracy has not let the country progress.

[Mahanton]

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.
Some countries have made a good progress while the other corrupt government and bureaucracy has not let the country progress.

Thats why numbers wont really be the same on every corners of the world if we do speak about unemployment because it does really vary on how the government do handle out such problem and how to resolve
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.

[uneng]

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.
Some countries have made a good progress while the other corrupt government and bureaucracy has not let the country progress.

Probably because these are still agricultural countries, without access to technology which could help them produce more and manufacture the raw goods (profiting more) with less effort, added to high rates of illiteracy.
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.

[Theones]

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 agree - and I wish people stand-up against the all the ills the politician and bureaucrats have done to the public.
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.

[Leviathan.007]

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.  

[abel1337]

Is there a source of USA having a 50% unemployment rate because it's really high. If we hypothetically think that the unemployment rate is 50% the basic necessities will go high that will make surviving so hard. Being unemployed doesn't mean they have no income, I've seen unemployed person hustling and getting much more money than I am regularly making. There are things that you can do in internet to make a money but the government can't know you are earning unless you tell the government like using crypto to earn profits.

[doomloop]

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
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.

It's hard to believe without a proof because he was talking about the u.s country there and I think u.s is a wealthy country. It's not hard to find a job there. The pay rates are also quite impressive on this country. 50 percent is too much already but I would agree on it if he is talking about the third world country like the Philippines where the complaints of the people there are mainly about the job or unemployment.

How will the world look like if unemployment rates are high? Well it looks bad, very bad. 80 to 90 percent drop in the price is too much. It may seem a good thing but how can people avail them if they don't have a money because they don't have a job? It's still useless.

[avikz]

50% unemployment!!! This is absurd! The national unemployment rate in US is currently at around 4%.

https://www.statista.com/statistics/273909/seasonally-adjusted-monthly-unemployment-rate-in-the-us/

If the unemployment reaches 50%, then you will have to understand that the economy of that country is destroyed. Which is certainly not the case!

[Jawhead999]

50% unemployment!!! This is absurd! The national unemployment rate in US is currently at around 4%.

High unemployment rate is the worst problem rather than inflation or world virus since unemployment will affect anything of the world, while inflation and virus is still tolerable. We can prevent the spread of the virus by following the health protocol and inflation will kill in the long run, but almost doesn't have any effect in a year. While 50% unemployment will increase beggars, criminals, starving, economic crash and might become the worst country if they don't have any plan to change their country.

[stompix]

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.

Those are regional things, it's mostly because of particular situations and also a lot of mentalities of the populations.
All over Europe there are different things, from low unemployment when it comes to women in Italy for example, to youngsters in most southern countries to overall less willingness to work in the true economy and more in the black, unregulated in the eastern parts...and so on

Anyhow, when it comes to Europe the employment levels are sky-high, even in Spain,
Spain sees record employment levels since 2008, the EU is experiencing the highest level of labor participation in its history,  74.5 %, it's full 10 and in some cases, even 20% higher than other countries in the world and I'm not talking about 3rd world economies.

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

Not at all, the EU is experiencing the lowest unemployment in its history:
https://www.reuters.com/markets/europe/euro-zone-unemployment-falls-new-record-low-66-may-2022-06-30/
the lowest level since 1998.

[yhiaali3]

I think that the largest unemployment rate in the history of the United States was during the outbreak of the Corona epidemic, because of the quarantine, people stopped going to jobs and many companies stopped their services and laid off a large part of their workers, but I think that the situation is now much better and the unemployment rate has decreased and a large number of people have returned to their jobs.
In any case, I did not understand why the prices will increase by 80-90%, as you say? What does this have to do with unemployment? On the contrary, according to what I know, when unemployment increases, prices go down because goods cannot find anyone to buy them, and therefore producers will be forced to reduce prices to dispose of their products.

[virasisog]

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 agree - and I wish people stand-up against the all the ills the politician and bureaucrats have done to the public.
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.

But unluckily in some democratic countries, vote-buying is existing every election so no matter how other voters try to replace the corrupt officials, they always win the election because lots of voters are selling their votes in exchange for a small sum of money. This situation has been happening for decades already.
The unemployment rate will continuously increase of some businesses will shut down because of an unstoppable increase in the inflation rate which will totally hit the economy so hard.

[fiulpro]

Employment is already plummeting, with feds explaining to major countries about how they should stop putting out new job opportunities for a while to fight inflation to the massive uprest due to the pandemic as well, people are already struggling.

If the unemployment goes down to 50%, there would not only be a massive poverty but at the same time people would also have to invest in self employment options, which would mean that the local areas might be unaffected considering villages have their own self sustaining options but the massive cities would be hit terribly.

[Sterbens]

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 know where you take 50% from but if a country is at a 50% unemployment rate then in a short period of time it will be very dangerous for the growth of that country. The US with its symbols and economic ferocity that it tries to show, has actually experienced a drastic decline. I don't know how to breathe in the US and having this happen to 50% is a pretty horrific number. Or people have actually switched professions that are more entrepreneurial and are not included in company data, so they are considered to have no job.

[Kakmakr]

Well, I work on contract in many African countries where the unemployment rate is above 25% .....and rising. The high unemployment rate has placed a huge burden on the employed people, because a large portion of the taxes that they are paying are going towards social grants to support the unemployed.

It is also creating a very high level of crime and corruption in those countries, so I reckon a 50% unemployment will have a devastating impact on the USA if that happens. 

[jossiel]

@OP before you think of any simulation about the effect of having an unemployment rate of 50%, you should provide first the source where you have read it.

Thus, it's just a topic that you want to discuss and want to look at what people think if we ever see that rate being hit. Well, we're in a crisis now and this is going to be another hit and will be adding more problem if there's a certain news and stats that unemployment rate for USA or even for any country hits that number.

[Shasha80]

Well, I work on contract in many African countries where the unemployment rate is above 25% .....and rising. The high unemployment rate has placed a huge burden on the employed people, because a large portion of the taxes that they are paying are going towards social grants to support the unemployed.

It is also creating a very high level of crime and corruption in those countries, so I reckon a 50% unemployment will have a devastating impact on the USA if that happens.  

For a long time, the issue of unemployment remains a major unresolved problem in Africa. Even before the pandemic occurred in Africa,
the number of unemployed was quite high, because development in Africa was uneven. So in most of the countries in Africa there is a shortage of jobs,
this makes the poverty rate in Africa quite high. Moreover, with the pandemic happening, the situation is getting worse, so it is only natural that there is
a fairly high increase in unemployment in Africa. If a solution is not immediately found, it will have an impact on increasing levels of crime and
corruption. And what's scary is that a country as big as the USA is also experiencing an increase in unemployment due to a prolonged pandemic.
Unemployment is a problem that must be taken seriously, therefore countries in the world should start supporting and legalizing crypto, because it
has been proven that crypto can improve the economy and reduce unemployment.

[Sanitough]

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.

Does that mean I am fucked? Nope.

Just wondering, where do you get that data that Unemployment is at around 50% in the US?

Being formally employed is not the only means to generate an income these days, we have a lot of online jobs that offer greater compensation than we usually get from our stable 8-hour day job. I guess that maybe the reason why the case of unemployment has risen today, but i also didn't get the idea why it took 80-90% prices down.

[Ultegra134]

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.

50% is extravagant and such a scenario would definitely suck, however, it's an extreme hypothesis which I doubt that it could ever turn into a reality. However, youth unemployment in Greece is up to 36.8%, according to EU Social, their data is sourced through Europa.eu, which is a reputable database for a variety of data, including Covid-19, Unemployment, GDP etc.

[Oilacris]

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.

Does that mean I am fucked? Nope.

Just wondering, where do you get that data that Unemployment is at around 50% in the US?

Being formally employed is not the only means to generate an income these days, we have a lot of online jobs that offer greater compensation than we usually get from our stable 8-hour day job. I guess that maybe the reason why the case of unemployment has risen today, but i also didn't get the idea why it took 80-90% prices down.

Possible reason or something that should be considered because statistics do only shows those physical or dayjobs and not to those jobs online and its true that earning opportunity or income that could

be gained through online jobs is much more better and something worth on spending  your time and effort rather than on doing that 8-5 job you do have physically.
Even myself had some side jobs despite on having a day job too where it do acts as a side income but do have some consideration on quitting it fully depending if i do see for it to be worth or not.
The risk on having online job is that you cant really assure yourself that it would really be lasting for long or years since we know it does depend on contract.

[boris singer]

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.

Does that mean I am fucked? Nope.

Just wondering, where do you get that data that Unemployment is at around 50% in the US?

This includes the category of unemployed because you do not work and are not registered as workers
But indeed, in a case like this, formal work is actually not a guarantee to make life better, moreover I also feel the same way as you do because during the pandemic I also lost my formal job. but I prefer my daily activities now which basically make me more comfortable and my needs are met from some of the things I do because indeed not all recorded work and considered work can make needs fulfilled because sometimes there are some odd jobs that are even more promising .

[justdimin]

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.

Those are regional things, it's mostly because of particular situations and also a lot of mentalities of the populations.
All over Europe there are different things, from low unemployment when it comes to women in Italy for example, to youngsters in most southern countries to overall less willingness to work in the true economy and more in the black, unregulated in the eastern parts...and so on

Anyhow, when it comes to Europe the employment levels are sky-high, even in Spain,
Spain sees record employment levels since 2008, the EU is experiencing the highest level of labor participation in its history,  74.5 %, it's full 10 and in some cases, even 20% higher than other countries in the world and I'm not talking about 3rd world economies.

I do not think that it's regional all that much. Look at the USA, or the UK, I know some Asian nations too, and in places like Venezuela and Turkey they have it for higher range, people who are 25 or under, and people who are 50 and over all having hard time finding jobs.

Young people because they lack experience, and older people because they can find cheaper alternatives that are 10+ years younger. Getting 40-45 year olds as high level managers, and executives, and getting 30-35 year olds as worker base. This is both cheap, and also has ab it of experience for most of them. It’s quite good business for all the companies, but ruins the nations for sure.

[Reid]

Not true. It's just because of the pandemic that they put exaggerated numbers, if it's real or the news is real, wherever you get it.
I am part of the unemployed people but I am not part of the lazy ones. I can create ways to make money but of course they won't say it's legal because there's no taxation that happens although it's not illegal like selling drugs or weapons.
A lot of jobs had opened ever since social media had been the trend for every human who have a smartphone with an internet.
The possible answer on where the missing percentage is in vlogging, article creators, and more. They are not being counted because they are not part of a company.

[ReiMomo]

Not true. It's just because of the pandemic that they put exaggerated numbers, if it's real or the news is real, wherever you get it.
I am part of the unemployed people but I am not part of the lazy ones. I can create ways to make money but of course they won't say it's legal because there's no taxation that happens although it's not illegal like selling drugs or weapons.
A lot of jobs had opened ever since social media had been the trend for every human who have a smartphone with an internet.
The possible answer on where the missing percentage is in vlogging, article creators, and more. They are not being counted because they are not part of a company.

When you say, people started vlogging and earning and they are not counted as they are not part of a company, I am remembered of my friend who left an IT job and started up his own youtube channel vlogging. His current earnings is obviously higher than what he was earning in his old company. Why I am saying here is, since social media started booming up, many unemployed, found their way to earn. Many vloggers are so happy at their routine work as they love and do it with more passion.

[Fortify]

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

The world would be unrecognizable and if it ever got to this sort of state in most countries then we would likely be in the midst of world war 3. Your idea that prices would be 80-90% down is meaningless, because at that point half the people would have no money to spend and be descending into absolute poverty. Governments would collapse as the tax receipts dried up, public services would be severely depleted and infrastructure would start to be neglected, falling into disrepair. Most advanced societies really struggle if they in the worst scenarios hit 20% unemployment and it can really drag development back in time at this level. Anarchy would start to descend, with supply and demand seriously out of whack.

[carlfebz2]

Not true. It's just because of the pandemic that they put exaggerated numbers, if it's real or the news is real, wherever you get it.
I am part of the unemployed people but I am not part of the lazy ones. I can create ways to make money but of course they won't say it's legal because there's no taxation that happens although it's not illegal like selling drugs or weapons.
A lot of jobs had opened ever since social media had been the trend for every human who have a smartphone with an internet.
The possible answer on where the missing percentage is in vlogging, article creators, and more. They are not being counted because they are not part of a company.

When you say, people started vlogging and earning and they are not counted as they are not part of a company, I am remembered of my friend who left an IT job and started up his own youtube channel vlogging. His current earnings is obviously higher than what he was earning in his old company. Why I am saying here is, since social media started booming up, many unemployed, found their way to earn. Many vloggers are so happy at their routine work as they love and do it with more passion.

Ive known someone on the same condition where they are earning more on dealing with online things than or compared into their day job which could possibly cause it do affects out in overall statistics or simply with that unemployment rate.We dont know the  complete story behind but much sure to those people who do have succeed into this industry are only a few if we do compare in overall numbers.

Unemployment is something a very long time problem on some countries because it does really vary on how the government do really make out solutions and steps in fighting
or trying to neutralize it or at least resolving it.This do actually depends on certain country conditions.

[Cryptock]

Unemployment is something a very long time problem on some countries because it does really vary on how the government do really make out solutions and steps in fighting
or trying to neutralize it or at least resolving it.This do actually depends on certain country conditions.

With every passing year there are more resources coming. Even at this time - when everyone has smart phone and people can earn and learn by sitting at home. If someone is unemployed - it is their fault. Not the government and not anyone else's. Find ways to learn and earn through freelancing.

[ultrloa]

Unemployment is something a very long time problem on some countries because it does really vary on how the government do really make out solutions and steps in fighting
or trying to neutralize it or at least resolving it.This do actually depends on certain country conditions.

With every passing year there are more resources coming. Even at this time - when everyone has smart phone and people can earn and learn by sitting at home. If someone is unemployed - it is their fault. Not the government and not anyone else's. Find ways to learn and earn through freelancing.

Agree with this since even if the government take action towards unemployment but if the person is not willing to help his self then we cannot do anything to ease their suffering. Also its up to the person on how they take the opportunities since actually they can create their own jobs like selling good which is famous right now due to social media or look where the demand is since there are some services needed on your community and you can earn by giving a solution like becoming a delivery rider or other more than that.

[qwertyup23]

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

This entirely depends on the definition of 'unemployment' and how people would cope up to this.

Do you have any empirical data to back-up your claim of 50% unemployment rate in the USA? In addition, unemployment does not absolutely mean that a person has no source of income; nor does it mean that a person is suffering. Unemployment has three (3) types that vary from each definition and not all mean negative. A person may be self-employed but he may be unemployed at the same time while earning more money in the process compared when he is employed in a company.

Though the pandemic has definitely cause an impact towards unemployment, with this being the current situation, people would necessarily adjust to this living in order to alleviate their situation.

[Darker45]

The US national unemployment rate is way much lower than the figure you provided without a source. The latest number is only 3.6%.^[1] That's fairly low.

But how will the world look like when unemployment is very high? Surely, one of the impacts would be on the demand of goods and services. With the decrease in demand, prices may be affected. But 80-90% might not really be a realistic figure. That huge decrease might eat up even the production cost. It's better to close shop than reduce the price 80-90%.

[1] https://www.ncsl.org/research/labor-and-employment/state-unemployment-update.aspx#:~:text=All%2050%20states%20and%20the,lower%20than%20in%20May%202021.

[sayaya17]

Unemployment is something a very long time problem on some countries because it does really vary on how the government do really make out solutions and steps in fighting
or trying to neutralize it or at least resolving it.This do actually depends on certain country conditions.

With every passing year there are more resources coming. Even at this time - when everyone has smart phone and people can earn and learn by sitting at home. If someone is unemployed - it is their fault. Not the government and not anyone else's. Find ways to learn and earn through freelancing.

Agree with this since even if the government take action towards unemployment but if the person is not willing to help his self then we cannot do anything to ease their suffering. Also its up to the person on how they take the opportunities since actually they can create their own jobs like selling good which is famous right now due to social media or look where the demand is since there are some services needed on your community and you can earn by giving a solution like becoming a delivery rider or other more than that.

That is why I do not agree if the government overcomes poverty and unemployment by providing direct financial assistance. The government
should provide the unemployed with training to improve their skills, thus opening up their opportunities to get bigger jobs. Or often we have
family or friends who are unemployed, the way to help is not by giving money, but by providing education so that they want to learn improve
their skills and not stop learning something new.

Because making money is not only looking for work in the company, but now making money is much easier with the ease of internet access.
There are so many ways to make money on the internet, we just need to take the time to find information and learn new things on the internet.
Now there are lots of video tutorials that can improve our skills, so only lazy people who I think have been unemployed for too long.
Unemployment should continue to decline, if many people try to improve their skills and don't stop to learn new things, it will pave the way
to earn income.

[dataispower]

Unemployment has different categories. Not all unemployed does not mean he has no income. This strength can be drawn from the increase in job applicants in factories and some shops. Unemployment means he is free without the need to work according to structured rules.

you're right for this because unemployment have right and criteria depends what for ourselves know as unemployment. Some people is unemployed because they have no qualifications and some have qualifications both they are not employed but when looking at them the are feeding well and living healthy because of the wisdom they use to earn a living. Somebody most not basically depend for government employment and government appointment. People who does not depend or after government jobs are the people who builds companies and big sector's people to work. Those people also have no job but have ambition and plans. So some people unemployment does not affect them.

[Jemzx00]

The US national unemployment rate is way much lower than the figure you provided without a source. The latest number is only 3.6%.^[1] That's fairly low.

But how will the world look like when unemployment is very high? Surely, one of the impacts would be on the demand of goods and services. With the decrease in demand, prices may be affected. But 80-90% might not really be a realistic figure. That huge decrease might eat up even the production cost. It's better to close shop than reduce the price 80-90%.

[1] https://www.ncsl.org/research/labor-and-employment/state-unemployment-update.aspx#:~:text=All%2050%20states%20and%20the,lower%20than%20in%20May%202021.

Having a 50% unemployment rate really is too much and isn't a realistic figure as it will affect the economy of one's country a lot. Even with 3.6% unemployment rate can even affect the services being provided by companies as the required manpower may have not be reached. Just as you've said, supply and demand chain will in chaos in case more than 50% unemployment rate will be reached. Also, the economy of one country will suffer as demands and services will not be provided appropriately which may even collapse various companies.

[xSkylarx]

Freelancing has become a trend so not all unemployed are jobless like what most people think. New generations now are more open-minded, they are not afraid to explore other field of work that will also give them mental stability. Some of my friends said they earn 5x more compared to their previous 9 to 5 job. They can work freely at their own time and still able to do their hobbies. As long as there is an opportunity for someone to earn money at their own comfort, this high unemployment rate will not decrease.

[TheNineClub]

There have been books and papers written about not working. One that should resonate with core principles from where (I believe) crypto originated from is The Abolition of Work, an essay by Bob Black. It's a bit dated now with the tech advances, but the core principles still stand. However, the most compelling case for less formal employment in the future is tech itself in form of automatization. I mean, just look at the differences in the work landscape automatization has done in the last 100 years or so (not to go deeper into the industrial revolution, the Ford conveyer belt assembly line is a good start for the last 100 years). It's a slow process, but you can feel it.

[romero121]

@Stompix clearly mentioned what OP have come to say. The work force at present is 261 million. Out of that only 151 million are employed. Based on this difference the unemployment is being calculated. At last he stated the real employment and unemployment calculation were different.

This 151 million falls under the direct employment, and the rest can be added into freelancing and more other ways of earning. Even during the world war the unemployment rate was 25% and in 2020 it once again reached a range of 14.7%. According to the web source the unemployment rate in USA at present is 3.6% which is lesser than the previous year.

[Rockstarguy]

Unemployment is something a very long time problem on some countries because it does really vary on how the government do really make out solutions and steps in fighting
or trying to neutralize it or at least resolving it.This do actually depends on certain country conditions.

With every passing year there are more resources coming. Even at this time - when everyone has smart phone and people can earn and learn by sitting at home. If someone is unemployed - it is their fault. Not the government and not anyone else's. Find ways to learn and earn through freelancing.

Agree with this since even if the government take action towards unemployment but if the person is not willing to help his self then we cannot do anything to ease their suffering. Also its up to the person on how they take the opportunities since actually they can create their own jobs like selling good which is famous right now due to social media or look where the demand is since there are some services needed on your community and you can earn by giving a solution like becoming a delivery rider or other more than that.

With what the world is facing right now, it is very wrong for one to have a mindset,  relying on government for employment. The workers the government employed ,the government are finding it very difficult how they can be able to meet up with salary to pay them,  that is why their no new employment coming steady to take new workers. The world is so advanced for people to be expecting jobs from government,  their are many things that can be done by individuals that can generate money,  that can also create jobs for other people.

[savetheFORUM]

I do not think that it's regional all that much. Look at the USA, or the UK, I know some Asian nations too, and in places like Venezuela and Turkey they have it for higher range, people who are 25 or under, and people who are 50 and over all having hard time finding jobs.

Young people because they lack experience, and older people because they can find cheaper alternatives that are 10+ years younger. Getting 40-45 year olds as high level managers, and executives, and getting 30-35 year olds as worker base. This is both cheap, and also has ab it of experience for most of them. It’s quite good business for all the companies, but ruins the nations for sure.

Yeah, having a job is a very hard thing these days and that is why we are seeing an uptick in online remote working as well.

The real trouble for western nations will start when they realize that they could literally take on remote workers all around the world, think about it they allowed their workers to be remote during pandemic, so why not allow them to be remote now and pick someone from anywhere in the world? That means that you are not strictly looking for someone who is living nearby and can travel to your office, you are looking for someone between 8 billion people. This will result with both cheaper and better workers for that company.

[Cryptock]

I do not think that it's regional all that much. Look at the USA, or the UK, I know some Asian nations too, and in places like Venezuela and Turkey they have it for higher range, people who are 25 or under, and people who are 50 and over all having hard time finding jobs.

Young people because they lack experience, and older people because they can find cheaper alternatives that are 10+ years younger. Getting 40-45 year olds as high level managers, and executives, and getting 30-35 year olds as worker base. This is both cheap, and also has ab it of experience for most of them. It’s quite good business for all the companies, but ruins the nations for sure.

Yeah, having a job is a very hard thing these days and that is why we are seeing an uptick in online remote working as well.

The real trouble for western nations will start when they realize that they could literally take on remote workers all around the world, think about it they allowed their workers to be remote during pandemic, so why not allow them to be remote now and pick someone from anywhere in the world? That means that you are not strictly looking for someone who is living nearby and can travel to your office, you are looking for someone between 8 billion people. This will result with both cheaper and better workers for that company.

FInding job is difficult - but I think if a person is a skilled worker. They can remain jobless. Even if they are not doing a 9-5 work they can earn their the skill they have. The skills can be teaching, yoga, artist, carpentry. Universities should also make sure that they make their students skilled graduate.

[Oceat]

Freelancing has become a trend so not all unemployed are jobless like what most people think. New generations now are more open-minded, they are not afraid to explore other field of work that will also give them mental stability. Some of my friends said they earn 5x more compared to their previous 9 to 5 job. They can work freely at their own time and still able to do their hobbies. As long as there is an opportunity for someone to earn money at their own comfort, this high unemployment rate will not decrease.

They may call it unemployed but they are still earning money and they have control of their own free time unlike in working from 9-5 almost everyday. I think ever since the pandemic started and lots of people getting lost their jobs, freelancing is the new way to get employed without having to go out almost everyday. But this freelancing is not really for everyone especially if someone is not a tech savvy. But at least most people are making ways to ease the burden of being unemployed although 50% of unemployed is just too much considering that we are almost 8 billion people in the world.

[Cryptock]

Freelancing has become a trend so not all unemployed are jobless like what most people think. New generations now are more open-minded, they are not afraid to explore other field of work that will also give them mental stability. Some of my friends said they earn 5x more compared to their previous 9 to 5 job. They can work freely at their own time and still able to do their hobbies. As long as there is an opportunity for someone to earn money at their own comfort, this high unemployment rate will not decrease.

They may call it unemployed but they are still earning money and they have control of their own free time unlike in working from 9-5 almost everyday. I think ever since the pandemic started and lots of people getting lost their jobs, freelancing is the new way to get employed without having to go out almost everyday. But this freelancing is not really for everyone especially if someone is not a tech savvy. But at least most people are making ways to ease the burden of being unemployed although 50% of unemployed is just too much considering that we are almost 8 billion people in the world.

Most of the people are now working as a freelancer - for them, freelancing is more profitable and they can enjoy luxury of working at their own time at their own comfortable place. Without being answerable to anyone.
Freelancer are not unemployed. They are skilled workers who are contributing to the revenue of the state as well.

[Wakate]

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

Unemployment had been one of the major challenges of Evey nation to ensure their citizens are employed having something to do so to avoid crime. Crime had been a good path for unemployment people going to do odd jobs just to get food on their tables. The rate at which unemployment is rising, it will reach a time when the rich will no longer be safe because crime will increase drastically and the authorities will no longer be able to handle crime.

[Jemzx00]

Yeah, having a job is a very hard thing these days and that is why we are seeing an uptick in online remote working as well.

The real trouble for western nations will start when they realize that they could literally take on remote workers all around the world, think about it they allowed their workers to be remote during pandemic, so why not allow them to be remote now and pick someone from anywhere in the world? That means that you are not strictly looking for someone who is living nearby and can travel to your office, you are looking for someone between 8 billion people. This will result with both cheaper and better workers for that company.

Having a regular job these days and keeping up with the inflation is hard especially if the job requires the employee to be on site. Unfortunately, not all jobs are are qualified for a remote set up since most of them requires on site activities such as restaurants. Also, with the demand on the work remote set up, the quality and necessary ratings are affected as employee are not focused and monitored on their jobs.

[teosanru]

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

Are you serious? 50% is a very big number and I am sure Us will be nowhere near that number last I heard the number was around 20% and that also at leak Covid time since then the number has only recovered. So I am sure 50% is a just s random guess but yes even 20% is pretty high if you consider it for a second. I am sure there is going to be a big recession coming in I'd the number is somewhere around 20% mark.

[jaberwock]

With what the world is facing right now, it is very wrong for one to have a mindset,  relying on government for employment. The workers the government employed ,the government are finding it very difficult how they can be able to meet up with salary to pay them,  that is why their no new employment coming steady to take new workers. The world is so advanced for people to be expecting jobs from government,  their are many things that can be done by individuals that can generate money,  that can also create jobs for other people.

I am not entirely sure, relying on government is not always a bad deal. What people do not understand is that it's never the system that screws people and makes it a terrible life, it's the people who are at the top that makes the system not work.

I guarantee you, have 100% non-corrupt, totally good people who want the best of everyone at the top, be the politicians, the congress, senate, presidents, whatever they have, all good people who want the best, right? If you have that then communism, liberal, democracy, hell even dictatorship would all be great. Because, it would be filled with people who want the best for you, it's never the system. So, "government helping people" is not always bad, "which" government doing it would change the result.

[Oceat]

Most of the people are now working as a freelancer - for them, freelancing is more profitable and they can enjoy luxury of working at their own time at their own comfortable place. Without being answerable to anyone.
Freelancer are not unemployed. They are skilled workers who are contributing to the revenue of the state as well.

Maybe OP has a wrong chart all the time that's why he could say 50% are unemployed where in fact there's a vague line of freelancer and other people doing their best to make money such as business owners who're just started.

–snip–
I am not entirely sure, relying on government is not always a bad deal. What people do not understand is that it's never the system that screws people and makes it a terrible life, it's the people who are at the top that makes the system not work.

I guarantee you, have 100% non-corrupt, totally good people who want the best of everyone at the top, be the politicians, the congress, senate, presidents, whatever they have, all good people who want the best, right? If you have that then communism, liberal, democracy, hell even dictatorship would all be great. Because, it would be filled with people who want the best for you, it's never the system. So, "government helping people" is not always bad, "which" government doing it would change the result.

It's always the top people who always mess it up and I couldn't disagree with that since I've known people like that in the past. It's so rare to see such people who are willing to do everything just to make their country succeed. That's the president should people have to vote instead of those people who are just good at talking but not in doing.

[MCobian]

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

Are you serious? 50% is a very big number and I am sure Us will be nowhere near that number last I heard the number was around 20% and that also at leak Covid time since then the number has only recovered. So I am sure 50% is a just s random guess but yes even 20% is pretty high if you consider it for a second. I am sure there is going to be a big recession coming in I'd the number is somewhere around 20% mark.

I also don't believe if a country as big as the USA the unemployment rate can reach 50%, that's an enormous amount and I doubt
the US government will allow that to happen. Actually, it is not only the USA that has experienced an increase in unemployment,
but it seems that all countries in the world are experiencing the same thing. Indeed, the impact of the COVID-19 pandemic has made
the world economy even more devastated. Many even say that the current economic crisis is worse than the previous economic crisis.
So the government really has to find an effective solution to this unemployment problem. If a solution is not found immediately,
it will cause other problems, such as the crime rate will increase if unemployment increases. So the unemployment problem is
a serious problem, and I hope the government can move quickly to solve it.

I don't think it's because the opportunity to make money doesn't exist. But the way of thinking of the majority of people still hasn't changed,
there are still many people who think that a good job is to work in a company as an employee. Even though the ease of internet access should be
able to open up opportunities to make much bigger money, there are lots of ways to make money on the internet. This is the importance of
the government providing education to the public, and I hope the government really educates the public seriously. So that many people realize
the opportunity to make quite a lot of money on the internet, and if many people realize this, it is expected that the number of unemployed
will decrease.

[teosanru]

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

Are you serious? 50% is a very big number and I am sure Us will be nowhere near that number last I heard the number was around 20% and that also at leak Covid time since then the number has only recovered. So I am sure 50% is a just s random guess but yes even 20% is pretty high if you consider it for a second. I am sure there is going to be a big recession coming in I'd the number is somewhere around 20% mark.

I also don't believe if a country as big as the USA the unemployment rate can reach 50%, that's an enormous amount and I doubt
the US government will allow that to happen. Actually, it is not only the USA that has experienced an increase in unemployment,
but it seems that all countries in the world are experiencing the same thing. Indeed, the impact of the COVID-19 pandemic has made
the world economy even more devastated. Many even say that the current economic crisis is worse than the previous economic crisis.
So the government really has to find an effective solution to this unemployment problem. If a solution is not found immediately,
it will cause other problems, such as the crime rate will increase if unemployment increases. So the unemployment problem is
a serious problem, and I hope the government can move quickly to solve it.

I don't think it's because the opportunity to make money doesn't exist. But the way of thinking of the majority of people still hasn't changed,
there are still many people who think that a good job is to work in a company as an employee. Even though the ease of internet access should be
able to open up opportunities to make much bigger money, there are lots of ways to make money on the internet. This is the importance of
the government providing education to the public, and I hope the government really educates the public seriously. So that many people realize
the opportunity to make quite a lot of money on the internet, and if many people realize this, it is expected that the number of unemployed
will decrease.

That's not entirely true to be honest. Even though the mentality of the people is a big factor why most of the people remain unemployed. Lack of good paying opportunities is an equal problem. If a good 17 year education followed by an institutionalised degree cannot land you a good paying job then obviously the whole education system should be changed. It's wrong to affix the responsibility of being unemployed on the person himself. Some people think organized education is enough and ideally it should be if you are paying this much for it.

[Cryptock]

t entirely true to be honest. Even though the mentality of the people is a big factor why most of the people remain unemployed. Lack of good paying opportunities is an equal problem. If a good 17 year education followed by an institutionalised degree cannot land you a good paying job then obviously the whole education system should be changed. It's wrong to affix the responsibility of being unemployed on the person himself. Some people think organized education is enough and ideally it should be if you are paying this much for it.

I am not sure if they are adding freelancers in the count or not?
Many youngsters are not applying for jobs but they do their own work from the comfort of their home. Are they unemployed too?

[teosanru]

t entirely true to be honest. Even though the mentality of the people is a big factor why most of the people remain unemployed. Lack of good paying opportunities is an equal problem. If a good 17 year education followed by an institutionalised degree cannot land you a good paying job then obviously the whole education system should be changed. It's wrong to affix the responsibility of being unemployed on the person himself. Some people think organized education is enough and ideally it should be if you are paying this much for it.

I am not sure if they are adding freelancers in the count or not?
Many youngsters are not applying for jobs but they do their own work from the comfort of their home. Are they unemployed too?

No not at all. As per OECD, unemploymeny means

People above a specified age not being in paid employment or self-employment but currently available for work during the reference period.

The freelancers are counted in self employed people while the people who are not looking for jobs will be under the category of not available to work. So both these type of people are excluded from the calculation or ideally should be excluded from this calculation i don't know how are these people doing it.

[DrBeer]

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

Unemployment in different countries can look very different!
For example, in countries with a strong economy and social policy (for example, the United States), this will of course cause an increase in the burden on the budget. But the dollar is what it is and the dollar is to be printed in the USA, and supported by the whole world - the state will pay benefits, prices will be stable, and this can continue for a long time.
Unemployment in the EU will be a little different - the level of social security will be lower, the quality of life of families without work will also be lower. There will be, I do not exclude, forced employment in not the most prestigious places ... But they will live acceptable.
But unemployment in other countries will look more negative. Real poverty, a real collapse of social programs and budgets, the exit of investors and the shutdown of entire sectors of the economy.
Unfortunately ....

[Ebede]

t entirely true to be honest. Even though the mentality of the people is a big factor why most of the people remain unemployed. Lack of good paying opportunities is an equal problem. If a good 17 year education followed by an institutionalised degree cannot land you a good paying job then obviously the whole education system should be changed. It's wrong to affix the responsibility of being unemployed on the person himself. Some people think organized education is enough and ideally it should be if you are paying this much for it.

I am not sure if they are adding freelancers in the count or not?
Many youngsters are not applying for jobs but they do their own work from the comfort of their home. Are they unemployed too?

Since bitcoin has been introduced to the world more young adults or young youths to work to a place that will not give it a value or chance of a Liberty because with the cryptocurrency investment and the cryptocurrency trading you can live a life of indoors and simple with your threading and nobody will know or notice the Genesis of you getting me income or success so cryptocurrency I've stopped a lot of barriers is so many country and also stop a lot of criminal action all the society

[bitgov]

Since bitcoin has been introduced to the world more young adults or young youths to work to a place that will not give it a value or chance of a Liberty because with the cryptocurrency investment and the cryptocurrency trading you can live a life of indoors and simple with your threading and nobody will know or notice the Genesis of you getting me income or success so cryptocurrency I've stopped a lot of barriers is so many country and also stop a lot of criminal action all the society

you are very right - many youngsters do not run after companies with CVs in their hands and begging for their job.
They have a small office at home and they are doing wonders from there. It only need one skill and a computer to make to able enough to earn on your own

[Fatunad]

t entirely true to be honest. Even though the mentality of the people is a big factor why most of the people remain unemployed. Lack of good paying opportunities is an equal problem. If a good 17 year education followed by an institutionalised degree cannot land you a good paying job then obviously the whole education system should be changed. It's wrong to affix the responsibility of being unemployed on the person himself. Some people think organized education is enough and ideally it should be if you are paying this much for it.

I am not sure if they are adding freelancers in the count or not?
Many youngsters are not applying for jobs but they do their own work from the comfort of their home. Are they unemployed too?

For sure it isnt really counted on the statistics but rather they are just focusing on the amount of people who doesnt have a work specially on day jobs which they have known.
So numbers wont really be that accurate but in overall where unemployment is really that high on some countries in the world but its true that there are some who doesnt really love
to have day jobs but rather instead on going freelancing and other online investment which they could really able to make themselves sustainable despite on working from their home.
Actually this had been a common big problem from the past or even up to now.

[glendall]

the price will not affect the number of unemployed but the price is very identical to the economic condition of one country / and the cost of production of one product offered,
there are many entrepreneurs out there and sometimes many jobs are created but it's just that humans have high ambitions and want to occupy a decent position but don't measure their abilities so many companies refuse, so for 50% unemployment in one country it's an impossible thing according to me, don't know for the others

[sbrys]

Hard to predict but I guess at least 50% more guns 

[bitgov]

Hard to predict but I guess at least 50% more guns 

I am not sure why it is 50% when that is a super power - people are getting their needs and government is rich and able to manage the big chunk of their population.
What to talk about the under developed country.

[Cling18]

the price will not affect the number of unemployed but the price is very identical to the economic condition of one country / and the cost of production of one product offered,
there are many entrepreneurs out there and sometimes many jobs are created but it's just that humans have high ambitions and want to occupy a decent position but don't measure their abilities so many companies refuse, so for 50% unemployment in one country it's an impossible thing according to me, don't know for the others

Yes, there could be lots of opportunities for everyone. More businesses are being established since most countries are now recovering from the pandemic. Some people are blaming the increasing number of unemployment rate on the government but the fact is, they lack skills and others don't have the eagerness to look for opportunities. The success of a person depends on their determination and hard work.

[bitgov]

the price will not affect the number of unemployed but the price is very identical to the economic condition of one country / and the cost of production of one product offered,
there are many entrepreneurs out there and sometimes many jobs are created but it's just that humans have high ambitions and want to occupy a decent position but don't measure their abilities so many companies refuse, so for 50% unemployment in one country it's an impossible thing according to me, don't know for the others

Yes, there could be lots of opportunities for everyone. More businesses are being established since most countries are now recovering from the pandemic. Some people are blaming the increasing number of unemployment rate on the government but the fact is, they lack skills and others don't have the eagerness to look for opportunities. The success of a person depends on their determination and hard work.

.The 50% is the number too exaggerated ..
Now a days many people are self employed - people are learning freelancing and earning from their home. That is the biggest liberty they have achieved during Covid

[Zlantann]

Yes, there could be lots of opportunities for everyone. More businesses are being established since most countries are now recovering from the pandemic. Some people are blaming the increasing number of unemployment rate on the government but the fact is, they lack skills and others don't have the eagerness to look for opportunities. The success of a person depends on their determination and hard work.

Yeah, you are right to state that diligence and determination are pathways to business success but the government would definitely get the blame if they are not performing their responsibility. Businesses would be prosperous if government provide the necessary infrastructures that is needed. A country that lacks basic amenities such as good roads, constant power supply, favorable government policies would not encourage self employment.  A nation that the government is corrupt and inefficient would be a graveyard of great business ideas. In my country the government killing business with multiple taxation due to unfavorable policies.      

[milewilda]

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

Unemployment had been one of the major challenges of Evey nation to ensure their citizens are employed having something to do so to avoid crime. Crime had been a good path for unemployment people going to do odd jobs just to get food on their tables. The rate at which unemployment is rising, it will reach a time when the rich will no longer be safe because crime will increase drastically and the authorities will no longer be able to handle crime.

As the rate of unemployment is getting higher,  people who learn how to not depend in government or any private sector,  they will learn how to create talent that will help them generate money to survive.  People will always find their way out, even right with the tough economy people are getting used to it and to survive without government.

Sensible way on handling out yourself but if you do have that degree then you do have that called ego will surely be making yourself mind that you should really get a job which would really be justifying
on what you had studied for couple of years because you are tending not to waste up those times that you do get learning but if you dont really have any choice then you would definitely make yourself
to be productive and if  you dont have any choice then you would really easily switch to freelancing and its true that being dependent sometimes would lead you nowhere.
Unemployment rate would really be depending on each country on which percentage will really be different but still be considered a main problem in most countries.

[bitgov]

The global economy is difficult and increasing inflation makes many businesses and business fields bankrupt so as to increase unemployment, this can make everything more difficult to predict, but we must be optimistic by maximizing income with many things. For example, use empty land for us to plant vegetables or short -term fruit so that it can increase income.

I am not sure if the percentage mentioned is the right percentage - because many people are self employed.
Does that percentage include the self employed people as well? However -I believe a skilled worker is never unemployed. It's good to get a degree but its also an excellent approach to learn a skill as well.

[Gyfts]

A society in which half of the population is unemployed is a society plagued by disease or war. Even at peak COVID, no developed country reached 50 percent unemployment (and that was even with the most stringent lockdowns).

I see some people referencing UBI. UBI is only sustainable if you have a population that can subsidize the poor. A country with half of its workforce unable to work means puts too large of a burden on the other half. I don't even think UBI is sustainable in a modern economy with a 5% unemployment rate, let alone that of a 50% unemployment rate. Incentivizing people to not work only creates more class tension, and a tendency to live off the government.

Has there ever been a successful country that has created a social welfare state?

[wiss19]

The global economy is difficult and increasing inflation makes many businesses and business fields bankrupt so as to increase unemployment, this can make everything more difficult to predict, but we must be optimistic by maximizing income with many things. For example, use empty land for us to plant vegetables or short -term fruit so that it can increase income.

I am not sure if the percentage mentioned is the right percentage - because many people are self employed.
Does that percentage include the self employed people as well? However -I believe a skilled worker is never unemployed. It's good to get a degree but its also an excellent approach to learn a skill as well.

I think it's not totally accurate but it can only be an estimation and like you said there are people who are self employed. A skilled worker can never be unemployed. That can be true for those who are still eager to work but what about if they are lazy? I know some people who have a certain skill but are lazy so they end up not working at all.

These people are lucky to have a working parent and a working wife/girlfriend but for someone who don't have anything to depend on other than their selves then they need to get up every single day to work even if they are lazy. Having a degree is helpful to get a certain job but there are many skilled workers especially online where most of them only attain high school.

[Wakate]

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

I can't really understand what you have written but I think you are talking about the effects of unemployment in the world and how it will look like. Unemployment is the major factor that cause crimes and inflation. If people does not have money to buy food or what they want, it will affects the circulation of money and cause crimes and other effects. If the world people ever goes down to have 50% unemployment then many things will go wrong and crime will increases.

[Quidat]

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

I can't really understand what you have written but I think you are talking about the effects of unemployment in the world and how it will look like. Unemployment is the major factor that cause crimes and inflation. If people does not have money to buy food or what they want, it will affects the circulation of money and cause crimes and other effects. If the world people ever goes down to have 50% unemployment then many things will go wrong and crime will increases.

Thats why its one of the governments responsibility on providing sufficient jobs which would really make their citizens able to have a job and would decrease unemployment rate which means
it would also lessen the curve in terms of criminality or simply with poverty.We know that on each country does have different economic state which simply means that each country
would have different level of unemployment rate and cant really be generalized that every corners of the world does experience this problem but much sure that majority of countries in the
globe are definitely into this condition and as an individual then better not wait for government aid or offering but rather see other alternatives which would give you other side income.

[BuNga_cute]

The global economy is difficult and increasing inflation makes many businesses and business fields bankrupt so as to increase unemployment, this can make everything more difficult to predict, but we must be optimistic by maximizing income with many things. For example, use empty land for us to plant vegetables or short -term fruit so that it can increase income.

I am not sure if the percentage mentioned is the right percentage - because many people are self employed.
Does that percentage include the self employed people as well? However -I believe a skilled worker is never unemployed. It's good to get a degree but its also an excellent approach to learn a skill as well.

I think it's not totally accurate but it can only be an estimation and like you said there are people who are self employed. A skilled worker can never be unemployed. That can be true for those who are still eager to work but what about if they are lazy? I know some people who have a certain skill but are lazy so they end up not working at all.

These people are lucky to have a working parent and a working wife/girlfriend but for someone who don't have anything to depend on other than their selves then they need to get up every single day to work even if they are lazy. Having a degree is helpful to get a certain job but there are many skilled workers especially online where most of them only attain high school.

It is difficult to determine how many are the number of unemployed accurately. but we don't need to see what percentage of unemployment
we can judge for ourselves from the situation in the area where we live today, which saw more people being unemployed when the pandemic
occurred. Actually as long as we are not lazy and want to improve our skills, work is always there. Especially with the ease of internet access,
there should be lots of ways to make money. Even today, many self-employed have a large enough income, so don't always want to work in
the real world, when in fact there are quite a lot of jobs online that we can easily get and can make quite a lot of money.

Now it is very modern, so work can be anywhere and most importantly never be lazy to find information and improve our skills. But it is unfortunate
that there are always people complaining that they have difficulty getting a job because they are lazy to search  or information on the Internet.
Or there is a typical person who is too picky in his work, he just wants to work in the field he likes, and finally the person chooses to be
unemployed. Therefore, as I said, as long as there is a strong desire to earn income, surely we can find a way how to make money and
avoid being unemployed.

[bitgov]

T
Now it is very modern, so work can be anywhere and most importantly never be lazy to find information and improve our skills. But it is unfortunate
that there are always people complaining that they have difficulty getting a job because they are lazy to search  or information on the Internet.
Or there is a typical person who is too picky in his work, he just wants to work in the field he likes, and finally the person chooses to be
unemployed. Therefore, as I said, as long as there is a strong desire to earn income, surely we can find a way how to make money and
avoid being unemployed.

...In the modern world everyone works no one is lucky to have the golden spoon in their month,
Financial freedom is important try to achieve it asap

[arwin100]

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

I can't really understand what you have written but I think you are talking about the effects of unemployment in the world and how it will look like. Unemployment is the major factor that cause crimes and inflation. If people does not have money to buy food or what they want, it will affects the circulation of money and cause crimes and other effects. If the world people ever goes down to have 50% unemployment then many things will go wrong and crime will increases.

Thats why its one of the governments responsibility on providing sufficient jobs which would really make their citizens able to have a job and would decrease unemployment rate which means
it would also lessen the curve in terms of criminality or simply with poverty.We know that on each country does have different economic state which simply means that each country
would have different level of unemployment rate and cant really be generalized that every corners of the world does experience this problem but much sure that majority of countries in the
globe are definitely into this condition and as an individual then better not wait for government aid or offering but rather see other alternatives which would give you other side income.

Government should conduct frequently a skills enhancement program or they maximize their vocational schools so that their citizens will be more equip with quality skills which they can use to create their own job at their comfort. Many people look only at office jobs are the decent one but they don't know if they work with there skills it will give them more income and also can produce jobs for other job seeker to.

[Oasisman]

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

Unemployment and poverty are two different things.
If you're unemployed it doesn't mean your suffering from poverty, and poverty doesn't mean you're unemployed. So, I guess high unemployment rate doesn't translate into something negative financially to every individual who have been unemployed. Though it affects the national economic state as unemployment means less mandatory tax. Unemployed people who are still earning can have the freedom not to pay taxes. That's the huge difference.

[Republikcoin.com]

...In the modern world everyone works no one is lucky to have the golden spoon in their month,
Financial freedom is important try to achieve it asap

Permanent work is something that must exist now even though it does not have to depend on just one job because everyone who has special knowledge can have two to three jobs by utilizing the environment, capital and technology so that financial freedom can be more easily obtained by certain people. Especially in this modern world, almost anything can be used as a routine job.

[Mauser]

Some scientist say that with the advancement in AI and automation of production cycles, more and more workers become obsolete. I read somewhere that within 30 years 50% of the current workforce won't be required anymore. The question is then what to do with all these people. Firing them or waiting for retirement age to come and not replacing them could be one way. But politicians need to address that issue, it can't be that that 50% of the population is without a job and without money. At the next election they would vote for some radical party and everything would change. One approach would be to give a basic income to everybody without working. Like that the money will stay in circulation and the companies that save more money through less workers need to be taxed more.

[sana54210]

Some scientist say that with the advancement in AI and automation of production cycles, more and more workers become obsolete. I read somewhere that within 30 years 50% of the current workforce won't be required anymore. The question is then what to do with all these people. Firing them or waiting for retirement age to come and not replacing them could be one way. But politicians need to address that issue, it can't be that that 50% of the population is without a job and without money. At the next election they would vote for some radical party and everything would change. One approach would be to give a basic income to everybody without working. Like that the money will stay in circulation and the companies that save more money through less workers need to be taxed more.

No need for a scientist to know this but even us common individuals already know that this can happen soon. In fact many companies right now are using advanced technologies like for example on some restaurants they now have robots which serves food to their customers. Though there is still a need for a worker like when cooking the food in the kitchen because robots can't possibly do that.

In next 30 years, maybe most of the workers that currently works in a company are going to retire so they shouldn't worry about those incoming new technologies. For those who are still young, maybe there are more better opportunities that can come to them. Like they can work online like us, since the world is now starting to become digital.

[Xampeuu]

Some scientist say that with the advancement in AI and automation of production cycles, more and more workers become obsolete. I read somewhere that within 30 years 50% of the current workforce won't be required anymore. The question is then what to do with all these people. Firing them or waiting for retirement age to come and not replacing them could be one way. But politicians need to address that issue, it can't be that that 50% of the population is without a job and without money. At the next election they would vote for some radical party and everything would change. One approach would be to give a basic income to everybody without working. Like that the money will stay in circulation and the companies that save more money through less workers need to be taxed more.

No need for a scientist to know this but even us common individuals already know that this can happen soon. In fact many companies right now are using advanced technologies like for example on some restaurants they now have robots which serves food to their customers. Though there is still a need for a worker like when cooking the food in the kitchen because robots can't possibly do that.

In next 30 years, maybe most of the workers that currently works in a company are going to retire so they shouldn't worry about those incoming new technologies. For those who are still young, maybe there are more better opportunities that can come to them. Like they can work online like us, since the world is now starting to become digital.

for those who have experienced layoffs, of course they will switch to starting a business or applying for another job. there are also those who deplete their savings to make ends meet. it seems that if we are observant, there will be a lot of job opportunities with the transition of the season like now, during a pandemic, conditions like that are what we see a lot, but various online businesses have sprung up, and many people use them to earn money, so basically we have to be able to adapt to changes in nature in order to stay alive

[Sang Prabu]

Maybe real numbers can be greater than 50%, the economic and pandemic crisis makes the economy continue to decline, most people work non -formal to meet needs, even in my country the poverty level continues to increase but the other side of millionaire continues to grow because of a corrupt country and full of problems.

[Smack That Ace]

The global economy is difficult and increasing inflation makes many businesses and business fields bankrupt so as to increase unemployment, this can make everything more difficult to predict, but we must be optimistic by maximizing income with many things. For example, use empty land for us to plant vegetables or short -term fruit so that it can increase income.

That is the solution, we can't rely on the government's solution, but let's advocate for ourselves to find a way to get us out of this difficulty.
I have to sleep less and work overtime to earn extra income. It's very difficult to predict when things will return to normal so I'm just trying my best and doing everything I can to get through this difficult period.

[poldanmig]

Maybe real numbers can be greater than 50%, the economic and pandemic crisis makes the economy continue to decline, most people work non -formal to meet needs, even in my country the poverty level continues to increase but the other side of millionaire continues to grow because of a corrupt country and full of problems.

The pandemic that continues to hit the world has caused many countries to experience drastic economic changes, the economic changes that occurred due to the pandemic finally impacted many companies and also other employment sectors which finally closed, I think now countries in the world are starting to restore their economies and If the economy returns to health later, the labor market will be abundant again so that the unemployment rate will later fall.

[ChiBitCTy]

If the world reached an unemployment level or at least 50%, I think that we are all in a massive level of hurt. There would have to have been some sort of catastrophic event that took place in order for that to even be possible, which likely means unemployment is the least of our problems.

[Lanatsa]

If the world reached an unemployment level or at least 50%, I think that we are all in a massive level of hurt. There would have to have been some sort of catastrophic event that took place in order for that to even be possible, which likely means unemployment is the least of our problems.

Doesnt matter on what would be the percentage would be because it would be pertaining on something a global type of problem on which each country does have although it differs on different scale on some point

but it would really be still a problem which cant really be resolved and there's nothing we could do about it as a citizen and just like on what others been saying that if you do find out that you do have a hard time

on sustaining your living for survival then it would really be just wise for you to look for another source of income.Trying not to be that problematic about global problems which you shouldnt
mind in the first place.

[BuNga_cute]

T
Now it is very modern, so work can be anywhere and most importantly never be lazy to find information and improve our skills. But it is unfortunate
that there are always people complaining that they have difficulty getting a job because they are lazy to search  or information on the Internet.
Or there is a typical person who is too picky in his work, he just wants to work in the field he likes, and finally the person chooses to be
unemployed. Therefore, as I said, as long as there is a strong desire to earn income, surely we can find a way how to make money and
avoid being unemployed.

...In the modern world everyone works no one is lucky to have the golden spoon in their month,
Financial freedom is important try to achieve it asap

Financial freedom is a goal for many people, but it is not easy for us to achieve it. Depending on how serious we want to achieve it, for people
who work hard and never give up usually achieve financial freedom faster. But because the current state of the world economy is not in good
condition, the possibility of our struggle for financial freedom is of course much more difficult. But nothing is impossible, so don't be discouraged,
we should become more and more challenged with the bad economic situation like now, to work a lot harder than before and prove that we can
achieve the financial freedom that so many people desire.

So don't make bad economic conditions the reason we become unemployed, because the opportunity to make money is always there and available,
actually we all need motivation to be able to fight even harder and achieve the financial freedom we want. Therefore it is important that we have
a positive environment and learn positive things, it is to motivate us to strive for financial freedom.

[bitgov]

So don't make bad economic conditions the reason we become unemployed, because the opportunity to make money is always there and available,
actually we all need motivation to be able to fight even harder and achieve the financial freedom we want. Therefore it is important that we have
a positive environment and learn positive things, it is to motivate us to strive for financial freedom.

there is one more solution to live within your means ......This can save us from so much hustle and this can also bring in so much relief to person life,
To much lust for money and always bragging for money can make a person mentally at a difficult situation so better be safe than sorryy

[mich]

It would be hard to imagine if 50% of the world population were unemployed. I think it could be very bad to have so many out of work.

Currently, I suspect most of our governments social programs couldn’t support that level of people in need of assistance and I fear it could push us into a global economic depression.

The reality is I think UBI could fix a lot of these problems but we need to design a system to support so many in need.

[lucates]

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.

[2stout]

A 50% unemployment rate seems highly unrealistic now or even in the not so distant future.  However, let's assume this did happen.  It would be totally ugly and insane to see, the world would probably look like Mad Max.

[Oasisman]

A 50% unemployment rate seems highly unrealistic now or even in the not so distant future.  However, let's assume this did happen.  It would be totally ugly and insane to see, the world would probably look like Mad Max.

Highly unrealistic, yeah that's the word to explain it.
50% unemployment rate globally and the OP thinks about the prices in the market. Most people would probably going to find another alternative to survive and fill their stomach without using fiat.
Crime rate would definitely going to be in an all time high and during that time, we would be in the verge of an apocalyptic scene. Yes, just like the mad max lol.


We might have seen a decline in unemployment lately before and after the pandemic, but that doesn't mean people stopped earning income, as some people have found their way to work for their own and consistently earning income from the comfort of their homes.

[G_Besar]

Unemployment is increasing because many factors and pandemic that occurred for almost 3 years made many businesses and production stop, now many countries do everything such as capital subsidies to increase the absorption of funds so that it can trigger the economy to move positively.

The pandemic doesn't last very long at my place and not even three years as you say. The current number of unemployed is due to the lack of employment opportunities that can be utilized by everyone so that many of the people who have graduated from their colleges do not have decent jobs to work on.

In the end those who are unemployed will spend their time looking for work all the time while earning money to live. The capital subsidy from the government does help the community a little, but it is still not enough for those who don't have a job at all because they have to continue to save money while taking advantage of the capital from the government subsidies.

[Taskford]

Unemployment will often be a problem, in my country the number of unemployment increases significantly, investors who leave because they want to find a country with cheap work wages, moreover the burden of living costs is getting higher because inflation makes many people do non -formal work.

Pandemic is one contributing factor why unemployment increase since to many business has been bankrupt and many people force to stay at home for long time. But this should not take long term because if people just find ways to live or have second option earnings they can make it, we are know evolving on new technology so if many people will adopt the demand and find better opportunity for their selves for sure this unemployment problem might decrease.

[Fortify]

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

Where do you base this random and frankly absurd figure of prices falling by 80-90%? It seems like you have a weak grasp of the economics involved for prices to fall that far. Frankly I never see unemployment falling that far unless society has radically changed and working becomes an optional pursuit. There are many theories out there like universal income which at a certain point could become a possibility, if billionaires were willing or forced to relinquish their grip at the very top. In theory a lot of the tasks we do could be automated eventually and that will free people up to do more creative tasks, as long as people get the basics like housing and food sorted then it could work.

[Lanatsa]

Unemployment will often be a problem, in my country the number of unemployment increases significantly, investors who leave because they want to find a country with cheap work wages, moreover the burden of living costs is getting higher because inflation makes many people do non -formal work.

Pandemic is one contributing factor why unemployment increase since to many business has been bankrupt and many people force to stay at home for long time. But this should not take long term because if people just find ways to live or have second option earnings they can make it, we are know evolving on new technology so if many people will adopt the demand and find better opportunity for their selves for sure this unemployment problem might decrease.

Yes, but now we are gradually going back to normal but the problem about unemployment doesnt basically means that it would be resolved out.It would really be just still the same or even might go worst.

No doubt that the pandemic situation did really put a huge effect not only on unemployment but also in overall economic related kind of problems which we do have.This is why we cant really just
focus on up a single point on what area had been purely devasted due to pandemic.

This unemployment problem could only be resolved out if more jobs would be offered but since population is bloating out continously then we do know on whats next.

[erep]

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.

The accumulation of global unemployment will always increase due to the factor of large companies experiencing an economic crisis since the last pandemic and the impact of inflation, that based on the news many start-ups have reduced employees by almost 30% to offset the use of company funds, youth unemployment has increased by 23% since 2020 and the female sex ratio is higher in unemployment because it is difficult to find work, so the government must build new jobs to reduce the unemployment factor because every year young workers always increase after completing their studies at university.

[sana54210]

A 50% unemployment rate seems highly unrealistic now or even in the not so distant future.  However, let's assume this did happen.  It would be totally ugly and insane to see, the world would probably look like Mad Max.

Depends on the nation, would you be shocked to learn Ukraine has that? I do not know if they do, but if they do that would make sense because they are in a war, USA may not, of course it looks like a distant future thing or at least unrealistic for the time being, but even that wouldn't shock me if it happened 10+ years from now because we are not growing big enough to hire everyone, and the population keeps on growing, meaning it is going to cause a lot of people to be unemployed eventually.

The amount of people we have is growing, but the amount of money is still stuck with a few thousand people at most, meaning we are creating more poor people every single day.

[Davian144]

I Have read in other forum that Philippines has grew in crypto during COVID and now the people have brought it to top 10 - very amazing though
Now the youngster are not looking for the job they are working on their own small businesses - working from home on a small table and earning good amount
so I am not sure if that 50% includes those people who are working from home as well?

This may also include even though not everyone knows about those who work at home, because usually working at home makes it less likely for everyone to interact with fellow residents around or outside their home.

The Philippines has long seen crypto as another sector that can create growth in the economy and can also provide jobs to talented young people who don't have a specific job they can do every day. So crypto provides opportunities for those who want to work and earn money in a simpler and less difficult way although it doesn't have to be considered easy, but at least there is still a place to learn it now.

[TheGreatPython]

Depends on the nation, would you be shocked to learn Ukraine has that? I do not know if they do, but if they do that would make sense because they are in a war, USA may not, of course it looks like a distant future thing or at least unrealistic for the time being, but even that wouldn't shock me if it happened 10+ years from now because we are not growing big enough to hire everyone, and the population keeps on growing, meaning it is going to cause a lot of people to be unemployed eventually.

The amount of people we have is growing, but the amount of money is still stuck with a few thousand people at most, meaning we are creating more poor people every single day.

I Have read in other forum that Philippines has grew in crypto during COVID and now the people have brought it to top 10 - very amazing though
Now the youngster are not looking for the job they are working on their own small businesses - working from home on a small table and earning good amount
so I am not sure if that 50% includes those people who are working from home as well?

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 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.

[325btc]

Depends on the nation, would you be shocked to learn Ukraine has that? I do not know if they do, but if they do that would make sense because they are in a war, USA may not, of course it looks like a distant future thing or at least unrealistic for the time being, but even that wouldn't shock me if it happened 10+ years from now because we are not growing big enough to hire everyone, and the population keeps on growing, meaning it is going to cause a lot of people to be unemployed eventually.

The amount of people we have is growing, but the amount of money is still stuck with a few thousand people at most, meaning we are creating more poor people every single day.

I Have read in other forum that Philippines has grew in crypto during COVID and now the people have brought it to top 10 - very amazing though
Now the youngster are not looking for the job they are working on their own small businesses - working from home on a small table and earning good amount
so I am not sure if that 50% includes those people who are working from home as well?

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 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.

We are here now

[poodle63]

A 50% unemployment rate seems highly unrealistic now or even in the not so distant future.  However, let's assume this did happen.  It would be totally ugly and insane to see, the world would probably look like Mad Max.

totally possible with the emergence of AI it already replaced so many repetitive jobs and left some people unemployed assuming AI will not replace job is naive approach towards the impending problem thats about to come.
in the future when AI gets better and better surely some people will have idea in replacing current workforce with AI for the sake of efficiency and also to keep the factory operating 24/7, future is grim for people that don't have skill, I just can see how detrimental AI will get in the future when people realize that deploying an AI for hard labour would be beneficial, even tesla right now trying to invent robot that moves like human and what I mean by moving like human is quite literally replicating human muscle movement in every move its definitely have the ability to pull of the same thing that human are doing right now, you know the unemployment rate might even hit 80% in the future the only way to save many from being unemployed is regulation from the government in regard of AI for labour.

[demonica]

Of course there are different instances with "unemployment". It doesn't necessarily mean that being unemployed means you have no money or source of income. But let's imagine what op is trying to say... It would probably result to a downfall of the economy of a country. High unemployment rate could result to a lower buying power of the people. It means that a lot of people have no capability of buying goods. So it can also lead to companies lower sale or worse, closing of other businesses that produces products that aren't really considered as necessity.
Closing of various businesses, will scared foreign investors to invest in the country. The government will also probably borrow money but will have a hard time paying it back as there's low GDP, lower tax from its people and such.

And if such powerful and influential country like USA would experience this, of course, it'll also have an impact to other nations as well.

[kentrolla]

Of course there are different instances with "unemployment". It doesn't necessarily mean that being unemployed means you have no money or source of income. But let's imagine what op is trying to say... It would probably result to a downfall of the economy of a country. High unemployment rate could result to a lower buying power of the people. It means that a lot of people have no capability of buying goods. So it can also lead to companies lower sale or worse, closing of other businesses that produces products that aren't really considered as necessity.
Closing of various businesses, will scared foreign investors to invest in the country. The government will also probably borrow money but will have a hard time paying it back as there's low GDP, lower tax from its people and such.

And if such powerful and influential country like USA would experience this, of course, it'll also have an impact to other nations as well.

Indeed, we have witnessed this during 2008-2009 economic crisis as it affected people of all the cohorts either rich or poor or middle/working class people. Usually whenever such crisis happen it directly affects the buying power of elites and then working class and then poor as everyone gets onto the survival mode. 

But, Unemployment cannot be directly linked to this incase of unequal wealth distribution where a section of people controls the wealth and has all the buying power while others are unemployed or paid very little. Some African nations and nations rules by dictators are prime example of this.

[macson]

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.

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.

[1] google

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.

[Mame89]

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.

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.

[Litzki1990]

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.

[DrBeer]

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"

[Samlucky O]

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.

[franky1]

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

[DeathAngel]

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.

[Promocodeudo]

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.

[jacafbiz]

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

[btc78]

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

[YOSHIE]

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.

Impact of unemployment
The unemployment rate results in economic sluggishness and a decline in the level of social welfare. The impact of unemployment on the community's economy includes the following:

1. Decrease in per capita income.
2. Decrease in state income. The amount of taxes coming in decreases because people's wages and salaries decrease.
3. Psychological burden. Being unemployed can foster feelings of inferiority (inferiority) because you don't have a clear employment status in society.
4. Raise state expenditure for social assistance costs, including procurement, counseling, training and security costs.

Has no impact on this.

Definately all prices will 80-90%down

[harapan]

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.

[junder]

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.

[DYING_S0UL]

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.

[Bushdark]

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.

[erep]

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

[Renampun]

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.

[junder]

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.

[harapan]

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.

[Fortify]

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.

[Albarq]

Unemployment at least 50% in usa at least so how THE wprld world will look like ?

in difficult circumstances the unemployment rate of 50% in the US will cause the crime rate to definitely increase and endanger the country itself which is difficult to overcome but I think this possibility needs explanation, I think at that time in society there will be many levels of in this economic concept treatment is needed as soon as possible because it could become unstable in a country's economy

[Dewi Aries]

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.

Yes I agree with that, but the fact is that no matter how high the unemployment rate is, needs can never be tolerated, you need food to survive which is a very concerning situation and also a situation that creates a lot of pressure where it is not uncommon to find some people who are even desperate to steal, rob or other crimes just to meet the needs to survive longer. On the other hand, providing incentives to the people may be something that the government can do but I am sure that the government will not be able to sustain the program in the long run and the only reasonable solution is to increase employment facilities in any field along with providing free training places to build or improve the skills of the people, but it is a fact that not all governments in a country really pay attention to the fate of their people.

[Juse14]

Currently, the unemployment rate is increasing day by day, apart from the difficulty of getting a job, technological advances that introduce artificial intelligence and robots are one of the causes. Where many jobs are being replaced by artificial intelligence and the presence of robots in various industries.

However, the main cause of unemployment is not this, but because they themselves are unable to compete and are unable to keep up with the times. They are too lazy to improve their knowledge and skills so they lose the competition and cannot get a job. And hasn't the presence of technology and artificial intelligence had a positive impact on improving the global economy, so let's increase the knowledge and skills we have and take advantage of this progress.

[topbitcoin]

Currently, the unemployment rate is increasing day by day, apart from the difficulty of getting a job, technological advances that introduce artificial intelligence and robots are one of the causes. Where many jobs are being replaced by artificial intelligence and the presence of robots in various industries.

However, the main cause of unemployment is not this, but because they themselves are unable to compete and are unable to keep up with the times. They are too lazy to improve their knowledge and skills so they lose the competition and cannot get a job. And hasn't the presence of technology and artificial intelligence had a positive impact on improving the global economy, so let's increase the knowledge and skills we have and take advantage of this progress.

Technological advances, such as artificial intelligence and robotics, have led to the automation of many tasks previously performed by humans, resulting in a scarcity of jobs in various industries. Although technology has indeed exacerbated the problem of unemployment, it must be acknowledged that the root cause of this problem lies in the incompetence of individuals; many of them are unable to compete for positions due to a lack of skills commensurate with market demand or an inability to keep up with emerging trends.

Paradoxically, however, the emergence of technology and artificial intelligence bodes well for the global economy as they provide new avenues for innovation, efficiency and economic prosperity. Therefore, it is important for us to improve our competencies so that we not only have a place in a dynamic environment but also make a meaningful contribution to the positive growth of our economy. By taking advantage of technological advances, we can learn and develop to create new opportunities and improve overall well-being.

[harapan]

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.

Considering the current situation of the economy right now,the level of unemployment,many jobs will likely disappear but many other people will be able to secure and create job opportunities despite all odds.Mosts of the incident happening presently will likely repeat itself in the future.
Unfortunately,everyone will have a job;everyone will be able to secure a job for herself because no matter what happens,people will still ensure to make out something tangible for themselves for livelihood/survival.Real employment is self-employment and that's what will be needed in the future.

[d-baet guns]

Considering the current situation of the economy right now,the level of unemployment,many jobs will likely disappear but many other people will be able to secure and create job opportunities despite all odds.Mosts of the incident happening presently will likely repeat itself in the future.
Unfortunately,everyone will have a job;everyone will be able to secure a job for herself because no matter what happens,people will still ensure to make out something tangible for themselves for livelihood/survival.Real employment is self-employment and that's what will be needed in the future.
[/quote]
in fact, unemployment is currently increasing every day, employment opportunities are also very difficult which causes people to be confused about getting a job, very significant technological advances such as robots have caused many jobs to be replaced by robots,
Unfortunately, some people don't really care about technology which is getting more advanced day by day, which is one of the factors in unemployment which is increasing day by day.
This must be considered in order to reduce the current unemployment rate.

[Strongkored]

Currently, the unemployment rate is increasing day by day, apart from the difficulty of getting a job, technological advances that introduce artificial intelligence and robots are one of the causes. Where many jobs are being replaced by artificial intelligence and the presence of robots in various industries.

Technology has not only dominated industry and ultimately reduced human involvement in that industry, but has also entered plantations and agriculture. Humans create technology to make their work easier and eventually begin to reduce the role of humans, and should we destroy that technology? Of course not, what must be done is to adapt and create other jobs that can absorb a lot of human energy

However, the main cause of unemployment is not this, but because they themselves are unable to compete and are unable to keep up with the times. They are too lazy to improve their knowledge and skills so they lose the competition and cannot get a job. And hasn't the presence of technology and artificial intelligence had a positive impact on improving the global economy, so let's increase the knowledge and skills we have and take advantage of this progress.

The difficulty of getting a job can ultimately make people lazy, although there are still people who can finally find a solution to the difficulty of employment and can still fulfill their living needs well, but it still cannot be denied that currently it is very difficult to find work, especially if you don't have the skills.

[Yukyzu]

Considering the current situation of the economy right now,the level of unemployment,many jobs will likely disappear but many other people will be able to secure and create job opportunities despite all odds.Mosts of the incident happening presently will likely repeat itself in the future.
Unfortunately,everyone will have a job;everyone will be able to secure a job for herself because no matter what happens,people will still ensure to make out something tangible for themselves for livelihood/survival.Real employment is self-employment and that's what will be needed in the future.

With the development of technology, of course, many human jobs will be replaced by machines, so that there will be a lot of unemployment caused by technological developments. To be able to create jobs, of course this is not an easy thing, of course you have to have good planning in order to be able to give someone a job and don't let it happen after get a job they can't get wages for what they have done.

That's right, everyone will of course continue to try to get their job in order to provide them with an income that can meet their needs. It's true that with entrepreneurship it will certainly be easy for us to be able to get a bigger income than working for a company, but if we don't Of course, if we can run the business well, we won't be able to last long.