This is obvious to everyone who lives in Thailand: Low wages, high turnover, and a vast limitless supply of no-experience-necessary jobs available mean that anybody can go out and find something to do to make a buck. Making 20 bucks... that's where the problems arise. Thailand has the lowest unemployment rate in the world and South Africa the highest, Germany's Federal Statistics Office said Thursday, quoting data from the International Labour Organization (ILO).
Unemployment in Thailand was pegged at 1.9 per cent in 2005, according to comparative data from 43 countries collated by the ILO, the German office said.
The Thais were followed by South Korea and New Zealand, which both had a jobless rate of 3.7 per cent, according to the survey.
Ireland and Switzerland had the lowest unemployment rate in Europe at 4.4 per cent each, while Poland had the highest at 17.7 per cent. Germany's unemployment rate of 9.1 per cent placed it in 32nd place among the countries surveyed.
Bottom of the list was South Africa with an unemployment rate of 26.6 per cent.
The ILO classes unemployed people as those of working age who do not have paid employment or who are self-employed even though they actively seek work.
No comments:
Post a Comment