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Reverse Remittances
(sh.itjust.works)
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this post was submitted on 26 Mar 2024
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Comic Strips
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Comic Strips is a community for those who love comic stories.
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It is a thing, people who aren't actively looking for work (or working) aren't factored into unemployment numbers. A stay-at-home parent isn't considered unemployed, or the unemployment numbers would be closer to 40%.
Basically, the unemployment rate means: what share of people are looking for work, but can't find any?
This also means that there's a certain number of people who try to find work, aren't able to find any, and eventually just give up to (stereotypically) move into their parents' basement or whatever. I take it that AFaithfulNihilist is implying that the number of those people is rising significantly, but there's not really any evidence for that.