Things are even more dire in China, where youth unemployment sits at 14.5% and Gen Z job-seekers are paying 30 to 50 yuan a day ($4–$7) to sit in faux offices run by “Pretend to Work Company.” These spaces offer computers, snacks, and community for jobless graduates trying to apply for roles or simply pass the time. The trend sits alongside the... See more

young adult wage earners in Austral ia, Brazil, Colombia, Egypt, Mexico and Spain have seen no gains at all in their monthly real wages over the course of the decade. All these countries experienced a period of wage deflation over the period, with the strongest negative impacts experienced by young adults in Australia and Spain.