A thread yesterday had a variety of people asking if the unemployment is lower because the youth are well cared for.

Please click through and read for additional context. Families are helping. Parents age and are not a long-term plan except for the most unusually wealthy.

Please remember: China is nominally communist. Functionally, they are capitalists with an usual side of excess infrastructure spending. A strong central government doesn’t make a country communist.

Their land use rules… that makes them communist-ish. But that’s a small part of a far larger picture.

  • ☭ Blursty ☭@lemmygrad.ml
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    1 year ago

    The latest China Bad story is that parents are looking after their children. Really scraping the barrel here.

    • asteriskeverything@lemmy.world
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      1 year ago

      Oh geeze, be quiet you didn’t even read the article.

      Nothing about it is negative toward China it’s just covering a new cultural and attitude shift of young adults staying home to help rather than compete for jobs. Shock, Chinese citizens are also dealing with different economic consequences of Covid-19 like every other country. Also shocking, Chinese young adults are just as disheartened by the opportunities for their future as all over the world.