shonky,

You claimed China had an average income twice that of India. I gave you evidence its 5.5 times greater. Nothing to say on that?

Yes, the great scourge of Covid did have an impact on employment world wide, even in the Peoples Republic, where unemployment shot up to 5%, unlike Australia where ScumO' managed to push it to 15%.

Last time I checked New Delhi was not a country. Don't know what the relevance of Switerland is in your thinking.

shonky,

WORLD DATA puts Australia's underemployment rate at 6.6%, China at 5% far better than Australia. I see a couple of Yankee locations have unemployment rates of about 30%.

Pauliar,

According to you, China's unemployment was 0%, then 2% now 5% which is it?

As for the difference, I was quoting average wage and you were quoting average income.

Further, you claim that Australia's unemployment is 6.6% which is bollocks as the ABS pegs it at 4.2%. China's unemployment by CCP statistics is 5% which is typically understated. I think the world data site you're quoting is seriously out of date.

Finally, Turkey's inflation is now between 50% and 100% p.a. and much of the economy has shifted to using the USD.

shonky,

As I clearly stated full employment is generally recognised as 98% employed, the 2% margin is for good reasons. You take the 5% figure from WORLD DATA for China then deny the 6.6% figure for Australia from the same chart. We know the ABS figure is a substantive underestimation. They class a person as "employed" if they work 2 hours a week.

I would be interested if you could give me a brief on the Indian social security system. My understanding if you're unemployed in India, you have two choices, beg in the street, or down the well with a dead goat.

BTW, begging is illegal in China, not like India where there is 300 million beggars, or the US with 30 million. Went to the US beggars everywhere, people living under bridges, even living in cardboard boxes.

Pauliar,

Firstly I didn't choose "world data" you did and then quoted a 2% Chinese unemployment. I quoted 5.1% from Trading economics

TE quotes Aus unemployment at 4.2% using the same measure. The 6.6% was in 2020 during lockdown which is why I said your site was out of date.

Finally what is called the "frictional" unemployment rate is normally quoted at about 3-4% below which is difficult to get to.

Finally the ABS's 4.2% and the Chinese 5.1% unemployment doesn't cover under employment which is rife in china.

shonky,

No comment on the Indian social security system? We must compare apples to apples. What about the US homeless, nothing to say, no homeless in China. As I said it's illegal to beg in China, its a way of life in India, America and for some people Australia.
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