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Thailand - The Least Miserable Country in the World (2019)

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3 minutes ago, topt said:

Everything else I read suggests that economically many Thais (lower income) are struggling and talking to a few small business owners recently they are definitely not happy.

Actually this is a purely statistics based ranking, it doesn't take into account what the population thinks at all.

 

(Inflation + Bank Lending Rate + Unemployment) - % Change in GDP = Happiness/Misery 

 

Unemployment is low because most Thais are working hard to pay off the local loan shark, whose lending rate is significantly different to the bank one.

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55 minutes ago, Stocky said:

Actually this is a purely statistics based ranking, it doesn't take into account what the population thinks at all.

I think that is what I was saying.....

 

55 minutes ago, Stocky said:

Unemployment is low because most Thais are working hard to pay off the local loan shark, whose lending rate is significantly different to the bank one.

Can you tel me how Thailand actually measures that rate anyway - it's not as if they can register for unemployment benefit :smile:

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2 minutes ago, topt said:

Can you tel me how Thailand actually measures that rate anyway

I can only guess they survey so many households, and ask if anyone eligible for work is actually looking for work. As you say there is no unemployment register, because there is no unemployment benefit, or government programme to place people in work. That it is a based on a survey raises a whole heap of other questions, who and how many they actually survey, and what question they ask, being the most significant.

 

 

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22 hours ago, topt said:

Not sure how much of a <deleted> take your post is............Yes that is how they have based the results with an arbitrary weighting of those variables.

Everything else I read suggests that economically many Thais (lower income) are struggling and talking to a few small business owners recently they are definitely not happy.

It's not perfect, but at least Thais can start a business anywhere without much bureaucracy or taxation (although that's come to an end in the greater Bangkok area). You are correct, there are many variables to consider! I just saw this in my email and I thought I would share. Thank you for commenting!  

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21 hours ago, topt said:

I think that is what I was saying.....

 

Can you tel me how Thailand actually measures that rate anyway - it's not as if they can register for unemployment benefit :smile:

No need for unemployment when you can dumpster dive and sell on the street from what you find. Welfare is hidden in every bin.. many treasures for any humble entrepreneur to take advantage of. Try laying down a tarp on a street in the West! haha No can do, Amigo!  

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21 hours ago, Stocky said:

I can only guess they survey so many households, and ask if anyone eligible for work is actually looking for work. As you say there is no unemployment register, because there is no unemployment benefit, or government programme to place people in work. That it is a based on a survey raises a whole heap of other questions, who and how many they actually survey, and what question they ask, being the most significant.

 

 

I didn't know about this! That sucks. Thank you for sharing. Poor Thai folks.  

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My view....they lack any understanding of consequences. Live for today. No idea of simple finances, budgets, economics and so gullible.

The surging baht will decrease gdp and when interest rates do rise, like everywhere, debt bomb will do an almighty reset. 

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Read the Headline only and immediately said to myself...."You wouln't say that if you seen the two young ladies from whom I buy my coffee every morning, they look at me as if they want to hit me for disrupting them from playing on their phones".

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Wow! Thailand and China better than Switzerland. This statistic is not applicable for third world countries as they have no social net and the GDP growth is higher, but very low per capita.
Switzerland has with 8.5m inhabitants a higher GDP as TH with 66m. Who is more miserable?


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