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

[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.

[1715124863]

1715124863

[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.