Posted on 08/30/2023 10:47:35 AM PDT by nickcarraway
One in five youths in Chinese cities is unemployed, and the situation could worsen before it improves. The programme Money Mind finds out why some young people cannot find jobs, and the unconventional choices some have made.
Since the start of the year, vlogger Zhang Jiayi’s typical working day has looked like this: Talking morning walks with her parents, accompanying them to the market for groceries, preparing lunch, then taking a nap before tending to other chores.
The 31-year-old is a “full-time daughter”, a concept — and social media hashtag — that has surfaced as China’s youth unemployment in cities hits record levels.
Her parents pay her 8,000 yuan (S$1,500) a month. It is 20 per cent less than what graduates in her city of Hangzhou can expect, said Zhang, who used to sell clothes until the business succumbed to the pandemic.
(Excerpt) Read more at channelnewsasia.com ...
Laying Flat.
That’s called Completely Giving Up on making it in life.
Every parasite requires a willing Host.
Those poor parents, saddled with a demanding weakling!
“Momma! Where are you going? You can’t just abandon me.
I AM YOUR CHILD!! I order you to get back here now and feed me dinner!!!!!”
I heard somewhere, can’t remember where, that people including the government don’t hire after age 35.
If all she wants to do is cook and clean, she can come stay at my hovel.
An "empty vessel" in chinese parlance.
You can’t get a job with the feds after age 35. That’s because most government workers spend their entire career in the same job, which typically pays well and has awesome medical and retirement benefits. So at twenty years, the typical retirement, you are 55. After 55 the cost and downsides for the employer rise and the government does not want to deal with those. (Got this from an FBI contractor who was a retired agent doing background checks.). However, the government makes it illegal for private companies to discriminated.
Consider: https://www.shadowstats.com/alternate_data/unemployment-charts
Additionally a look at the United States Labor Force Participation Rate as comparison is interesting:
Source: https://tradingeconomics.com/united-states/labor-force-participation-rate
China, here.... Seems similarities are showing themselves.
Early reports of laying flat centered around men and the pressures of job and marriage demands. I wonder if msm has changed the focus to be both sexes. Be interesting to see the actual distribution by sex.
The daughter has become the cook and housekeeper. I actually don’t find this strange in a culture that expects the oldest child to care for the parents through old age. Now it’s the only child.
Also paying her may also be a form of wealth transfer with lower tax rates or avoids death taxes.
Just like your typical basement dwelling lefty.
It doesn’t sound so bad when you put it that way.
As long as the adult child and the elder parent can remain respectful of each other, this has worked for in some manner for centuries.
I’ve heard too many stories about American 19 year old youths beating up their single mom because she stopped paying for his second phone, and wants him to get out, find a job.
That kind of parent is more or less being terrorized.
Oftentimes, any close relatives have no idea how bad it has become in that household. No idea, until something happens.
Taking a peek at the ShadowStats chart for unemployment in the US suggests a similar number.
My wife, siblings and some other relatives are wondering about a move back into their parents’ homes by adult off spring in their late 40’s-mid 50’s. A reverse of widowed mothers moving in with adult children.
Today, reverse mortgages can help/enable that to happen financially without great costs and have separate living quarters in the same household for single adult children or in smaller separate building on the same property.
I am very interested in living arrangements like that. I would love to have my brother-in-law or one of my kids in another home adjacent to ours. We can help each other out, and have some company. My brother in law is unmarried and will never become financially stable. But we owe him bigtime for years that he lived with my husband’s (and his) mother, taking care of her until her death. It would be right to house and care for him in a way that still gives us all our own space.
I’ve also seen many stories of children beating their parent(s). Most of them have drug/alcohol/mental health problems.
I recently read one where the adult child was being charged with abuse of a corpse for trying to burn his relative’s body rather than report the death. The article implied the intention was to continue receiving the SS by not reporting it.
Accessory dwelling units, ADU’s are one of the hottest items in California’s housing industry, inspiring a slew of companies to try their hand at designing and building them.
So amid the hype, you may be asking yourself whether you should ride the cresting wave and put an ADU on your property too.
Less than a decade ago, a better question would have been, “Can I even get a permit for an ADU?” And in many communities, the answer would have been “No” — local land-use rules, building requirements and permit fees were designed to make such projects prohibitively expensive or to just prohibit them.
Desperate for more housing, however, state lawmakers started bulldozing obstacles to ADUs in 2017. Under state law, if the ADU is no more than 800 square feet and 16 feet tall and is set back at least 4 feet from the property line, it’s eligible for a permit in any residential or mixed-use zone. Nor do you need to replace the off-street parking you lose when you convert your garage to an ADU, removing what once was an “insurmountable mountain,” in the words of Gordon Stott of Connect Homes, a manufacturer of prefabricated homes.
And over time the equity in the property is transferred to the reverse mortgage holder, and the heirs have less and less. It is not the answer as advertised.
Don’t buy into that crap just because Tom Selleck sounds so sincere and honest pushing it in the commercials-he’s an actor, and getting paid to sell/put lipstick on that pig...
Reverse mortgages are a scam, according to the 4 people I know who got sucked into that at the urging of other family members with their own greed/grift agenda-seeing what a bad deal it was, they had to get a lawyer and spend a lot of money to get out of it-and now family members play the blame game and don’t speak to one another over it.
The only person “helped” by a RM is the person who sells it to you-and the company they work for-the buyer of it gets screwed one way or another...
Thanks-glad I’m not the only one who sees what a scam that is...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.