A thread yesterday had a variety of people asking if the unemployment is lower because the youth are well cared for.

Please click through and read for additional context. Families are helping. Parents age and are not a long-term plan except for the most unusually wealthy.

Please remember: China is nominally communist. Functionally, they are capitalists with an usual side of excess infrastructure spending. A strong central government doesn’t make a country communist.

Their land use rules… that makes them communist-ish. But that’s a small part of a far larger picture.

  • HobbitFoot @thelemmy.club
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    1 year ago

    It looks like there is two different things happening.

    First is that the one child policy is causing problems with several grandparents being supported by one grandchild. In this case, it seems like the grandparents are paying a salary to their grandkid to support them in elderly care. It may not be a lot of money, but it seems to be enough for the adult grandchildren to live for what is effectively a part time job.

    Second is that the economy going through issues, and grandparents are acting as unemployment insurance.