29 Apr '16, 12am

My Taxi Uncle shares his experience on a $100,000 credit card debt on $7000/mth salary, how retirement is like, and the economy

The 1.9% is unemployment rate. This indicator even though use widely by many countries especially America is rather misleading. Folks that are not active seeking employment or have given up. How many actually give up is a guess but if I feel if we are drawing high salary and can’t get a job, chances are we will give up looking for job as taking 1K or 2K salary to them is not sensible compared to a low salary WP or PR holder. Having say that if one go ob such as private tuition teacher, returns are no longer in the system as well. This also give the false assumption that base on relative unemployment rate between countries translates proportionally to unemployed people between countries. I suspect impact is significantly higher for developed countries.

Full article: http://www.investmentmoats.com/uncategorized/taxi-uncle-s...

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