Jobless rate of 7.7%

[maitreya]

Oo nga naman, if the whole world goes third world, you'll be rich!

I just have to say though, honestly, the Networking business category seems to be doing pretty well.

E.g., Lifemax. lol

It's similar to service. As long as someone wants the service/product you're providing, then all's good.

[Shintetsu]

Exactly. Actually, behind all the success, there's also the product, which is a very big factor of success for the business.

It isn't easy. But it sure is doing good.

Though it isn't really a job, in its own way, it's a job.

[Mjting]

.......................

[atdsutm]

higher population may also entail to higher unemployment lol

[Sforza]

higher population may also entail to higher unemployment lol

...and higher unemployment = lower sales for network marketers, because people will not have anything to spend

[atdsutm]

higher population may also entail to higher unemployment lol

...and higher unemployment = lower sales for network marketers, because people will not have anything to spend

lower sales will lead to a lower development of a firm that will lead to lay offs and less employment opportunities.

So more unemployment, and then the wages spiral will continue, unless an outer force (GSP for example) will stop the cycle.

note that higher unemployment rate is also related to higher chance of being lay off for cheap labors, since its much easier to replace a current worker given that a pool of available work force is large and that will replace him/her.