Real Global Unemployment Is 33%, Not 6%
Consider the world's official figures on some of the major issues facing humanity. According to the United Nations, roughly 793 million people are undernourished; 767 million live in extreme poverty; and 2 billion do not have a safely managed water drinking service.
The global jobs situation? According to the International Labour Organization (ILO), unemployment is only 5.6%. That's "only" about 260 million people. That feels low considering that for the past decade, Gallup's World Poll surveys have continued to show that the entire world wants a good job.