Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "No Business! No Jobs! 200Mn Unemployed Flood China’s Delivery Industry, Competing for $1/HR Roles" video.

  1. 📉 China is experiencing a silent surge of middle-aged joblessness, with over 200 million people engaged in flexible employment and delivery riders struggling to find orders. 00:19 China has over 200 million people engaged in flexible employment. Delivery riders are struggling to find orders and earning much less than before. Many single mothers have joined the delivery industry due to lack of other job opportunities. 📊 The average national urban unemployment rate in the first half of 2023 was 5.3%, a decrease of 0.2 percentage points from the first quarter. 02:54 The unemployment rate for local urban residents was 5.1%, while for migrant urban workers it was 21.3% and 4.1% respectively. Unemployment rates for different education levels were 4.4%, 4.4%, 3.9%, and 3.2% for junior high school or lower, high school, associate's degree, and bachelor's degree or higher respectively. In major cities, the unemployment rate was 5.5%, consistent with the previous month's data. ! Delivery drivers in Beijing are struggling to get orders due to high competition and low demand. 05:02 Delivery drivers in Beijing are facing high competition and low demand, with some only receiving around 30 orders per day. The industry is saturated, making it difficult for delivery drivers to make a decent income. Even during dinner time, there is a lack of orders, affecting both suburbs and inner city areas. 😔 The influx of new drivers to DD has increased competition and led to low earnings, causing drivers to struggle financially. 07:32 Many drivers are complaining about spending a large amount of money on a car for DD but only earning a minimal amount in return. Some drivers are considering joining discounts to compete, as the increasing number of drivers has reduced their chances of earning enough. There are jokes about even Teslas being used as DD vehicles to make ends meet. 🚗 Stricter regulations and an oversaturated market have made it challenging for ride-hailing drivers in China to earn a sustainable income. 09:53 Stricter regulations have made it difficult for new drivers to sign up for ride-hailing platforms without proper documents. The market is flooded with drivers, leading to a situation where there are more drivers than riders. Rental costs and low demand have resulted in new drivers struggling to make more than 500 yen per day.
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