| ▲ | janalsncm 4 hours ago | |
In a command economy the unemployment rate can be zero as everyone can be allocated a job. China is not a command economy, it is more like state capitalist which means the government owns/controls companies in key industries. Companies like Huawei have board members in the CCP but it’s a societal issue if a lot of private companies decide to automate their factories and displace tons of factory workers. | ||