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echelon 6 hours ago

China is going to mow us over because we're shooting ourselves in the face.

We frankly deserve it.

You won't have any jobs in that scenario either.

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jplusequalt 6 hours ago | parent [-]

>China is going to mow us over because we're shooting ourselves in the face.

The difference is that I have more faith in China to prevent mass unemployment than I do in the US.

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Jtsummers 6 hours ago | parent [-]

> The difference is that I have more faith in China to prevent mass unemployment than I do in the US.

I wouldn't. They'll just handle it differently than we would in the US.

https://tradingeconomics.com/china/unemployment-rate - It's around 5% per this (and some other sources I found, just linking the one). The population being around 1.4 billion people, that means around 70 million unemployed. That is already mass unemployment despite having a low rate of unemployment across their national population. And that's before getting to their youth unemployment rate which is around 15%, which sets them up poorly for the future.

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BigTTYGothGF 6 hours ago | parent [-]

"Mass unemployment" can't be based on raw numbers instead of rate, as otherwise no small country could have it.

	▲	Jtsummers 6 hours ago \| parent [-]
		Alright, what's the threshold? Is the 15% youth unemployment enough to indicate mass unemployment within that demographic at least?