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Thailand's Unemployment Rate Is 0.6%

26 pointsby Nowyouknowover 10 years ago

4 comments

coralreefover 10 years ago
Kind of misleading data. The number of cab/tuk tuk drivers and street vendors is astounding, way more than there should be. Technically employed, but driving the wage down.
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erikbover 10 years ago
While I agree with the general conclusion of the other comments nobody seems to get the reasons right. Yes, the number is incorrect. But they don&#x27;t need to make up the number. If you don&#x27;t offer any social security system, then there is no reason for people to go to the office. They don&#x27;t go because of &quot;cultural&quot; reasons. They don&#x27;t go because there&#x27;s no benefit. In a country like Germany you actually get money and basic products like fridge, apartment, maybe even a TV. If you have to choose between trying something crazy&#x2F;risky or going to the agency most people in Germany will go to the job agency. No cultural reason, just rewards.<p>So in the end nobody is lying but the basic structure of the system is different which makes different true numbers. to make a more reasonable comparison the unofficial workers should be counted instead of the unemployed. But the thing is that they are hard to count.
ilakshover 10 years ago
I think the number is BS. The Thai government lies at least as much as the US government.<p>Forget the government numbers. The reality is that in Thailand, as in most countries, the public assistance&#x2F;social safety net available is so inadequate it might as well not exist. Its not that the government doesn&#x27;t try. Its just that the reality of contemporary economics means that providing an adequate social safety net, even in the wealthiest countries, is difficult to impossible. Well, let me qualify that a bit. The last I heard, they did have public healthcare, although the standards lag far behind private providers.<p>There may be a way to make the rules more fair for poorer people or poorer countries or to make people more secure in terms of basic needs. Right now though the structures don&#x27;t align well with those goals. And most countries have to work within the same economic structure but with vastly fewer resources than the US.
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pan69over 10 years ago
If there is no social security system, then how does the government (or anyone else) gets to this number?<p>Let&#x27;s assume for a moment that the number in the article is correct, it&#x27;s important to understand that Thailand&#x27;s culture has a form of social security build in. In Thailand it&#x27;s very normal for children to take not only care of their parents (financially) but also the rest of their family. So, maybe from a cultural point of view, Thailand doesn&#x27;t need a social security system and might also be the reason why the number in the article is so low.
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