Part 6/9:
Compounding these manufacturing woes is a general economic stagnation. Many factories are halting recruitment processes as demand plummets, which has created uncertainty among prospective workers looking to Guangdong for employment. A human resources agent cautioned against the misconception that job opportunities abound, emphasizing that the situation has turned increasingly bleak.
The accumulation of economic pressure from both external and internal factors highlights the fragility of the job market. Many factories have reduced hiring, and those who do find work often struggle with lower wages. A significant part of the population finds themselves losing faith in the economy, causing a sharp downturn in consumer spending.