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Situation in EU is worse than Russia? In what way?
by nazgob 8mo ago
Situation in EU is worse than Russia? In what way?
- DrProtic 8mo agoRussia has 2.2% unemployment Germany has 6.3% Spain 9.9% France 7.9% All while having millions of foreigners/immigrants to support.
- JKCalhoun 8mo agoBased on the article, I assume Russian employment is in the military complex?
- red-iron-pine 8mo agocorrect. they've mostly shifted to a militarized economy and all available labor is now gobbled up. salaries are pretty good, relatively speaking, if you're in engineering or other STEM fields. excess labor is being drained off to die horribly to drones in eastern Ukraine. it's kind of like a fat guy starving to death -- for a minute all that weight loss will bring improvements to blood pressure, insulin, etc., but in a couple weeks he's not gonna feel so great
- fatbird 8mo agoRussian unemployment of 2.2% is a bad sign, not a good sign. For practical purposes, unemployment around 4% means full employment, because there's always a portion of the population not working for some reason: taking time off, too dumb, don't want to work, unable to for reasons of temperment or psychological health, etc. At 4% (as the US has often been in the last few decades) it's really difficult to fill menial roles or unskilled factory jobs with people who know their ass from a hole in the ground. Russia at 2.2% means many needed positions are going unfulfilled, crippling productivity and planning. It's a sign that the manpower needs of the war are draining productive workers, slowing their own economy at a time when they need more productivity to overcome sanctions and other economic effects.
- ivan_gammel 8mo agoThis number doesn’t take into account immigration. Russian economy is supported by several millions of immigrants from Central Asia (the number much bigger than number of mobilized people). There was low unemployment before the war.
- tsoukase 8mo agoPossibly the GP means percentage change in the last few years. Europe was high and got worse, Russia is always low and has nothing to loose.