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Unemployment caused by AI, economic downturns, and government policies.
They're all essentially the same: external shocks that don't always appear in the way you expect.
Watching documentaries about Japan, during the economic downturn of the 1990s, civil service exams became incredibly popular. Many young people shifted their focus from dreaming of making money in corporations to hoping for stability within the system.
And then what?
Japanese civil servant salaries continued to decline, while work pressure continued to rise.
You can foresee that the civil service exam wave in China will follow the same path in the future.
In this world, we can't control anything except ourselves.
I used to envy people who settled down in one industry after graduation, feeling they were constantly accumulating experience.
I, on the other hand, kept starting businesses and frequently changed industries because I never truly believed in stability. For a time, I was very confused about what I was doing: a businessman? A professional entrepreneur?
Now I have a clearer understanding and am more at peace. In a turbulent world, it's actually these kinds of people who adapt more easily, who never believed in stability or that security could be provided by a particular government, a particular profession, or a particular person.
I believe that as long as you always maintain curiosity and the ability to learn and adapt quickly, and follow opportunities, the results will not be too bad.
The overall environment has indeed changed this time, hahaha. In the past, it was a change of dynasties; this time, it's a change of cycle.
A combination of many factors
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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