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

[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

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[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.