China's Rising Youth Unemployment Threatens Global Economy
China's migrant workers, who played a crucial role in the country's economic rise, are now facing limited options as jobs become scarce. With flimsy social benefits and a lack of access to health insurance, unemployment, and retirement benefits, these workers have little to fall back on. As the real estate and infrastructure construction sectors struggle, migrant workers are among the most vulnerable groups in China's economic downturn. Returning to their villages to farm is not a viable option due to limited land and low income. The future looks uncertain for these workers, who often lack retirement plans and rely on their families' meager pensions.