China published youth unemployment data Wednesday for the first time since the jobless rate hit a record high in June last year, using a new method that showed an apparent improvement.
The CCP solves joblessness the same way they solve most problems: By dropping all ambitions to a minimum, pushing numbers and sugarcoating it with lies when these ridiculously low targets are still not met. This is pretty much the same approach they totally abolished poverty before or kept the pandemic under control. They‘re basically just telling their citizens to shut up about it or face consequences for going against the state narrative.
That’s a fair point. Here in Germany the government has infamously reframed the term as well about two decades ago and we’re all worse off because of it. It’s for that reason (among others) that I think the situation in China is very dire and not easened retroactively because ‘the numbers before were wrong’. Because that’s exactly what the chinese government is trying to sell here.
The CCP solves joblessness the same way they solve most problems: By dropping all ambitions to a minimum, pushing numbers and sugarcoating it with lies when these ridiculously low targets are still not met. This is pretty much the same approach they totally abolished poverty before or kept the pandemic under control. They‘re basically just telling their citizens to shut up about it or face consequences for going against the state narrative.
Tbf the US has redefined the unemployment rate many times when convenient as well. There was a good planet money podcast about it years ago.
That’s a fair point. Here in Germany the government has infamously reframed the term as well about two decades ago and we’re all worse off because of it. It’s for that reason (among others) that I think the situation in China is very dire and not easened retroactively because ‘the numbers before were wrong’. Because that’s exactly what the chinese government is trying to sell here.