This is relevant because this reflects a deep fault in Chinas economy that I posit to be strongly correlated with their wider economy’s malaise of weak consumption— hiring young people too is an expenditure and the entire country is tightening its belt. Furthermore with the Chinese government heavily subsidizing the widespread integration of AI, the youth labor market in the Middle Kingom is going to feel an even tighter squeeze, in an environment where the youth unemployment rate may be even worse than it appears due to last years metric redefinition.
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This is relevant because this reflects a deep fault in Chinas economy that I posit to be strongly correlated with their wider economy’s malaise of weak consumption— hiring young people too is an expenditure and the entire country is tightening its belt. Furthermore with the Chinese government heavily subsidizing the widespread integration of AI, the youth labor market in the Middle Kingom is going to feel an even tighter squeeze, in an environment where the youth unemployment rate may be even worse than it appears due to last years metric redefinition.