11–20 of 108 posts
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April 2013
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Disability: 28.9
No Disability: 62.3
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What are the prospects of an unemployed young person getting a job at any point in the future, even when the economy recovers? Is there a strong bias towards new grads, that would lead to a "lost generation" that permanently suffers in the job market? How does society look on the unemployed? Do they look at them with sympathy or scorn?
Lastly, how do the young unemployed feel? Are they angry? Are they carefree? Or are they filled with despair and hopelessness?
Interesting, how Germany decoupled itself from the rest of Europe in this graph.
I also wonder if Europe has higher unemployment due to a lower frequency of "at will" employment. Hiring someone seems to be a much greater consideration in countries where it's difficult to let someone go. Poor performers are likely to stick around longer and impact the team much more.
Would employment be lower if at-will employment were more commonplace and lawful in Europe?
Interesting, how Germany decoupled itself from the rest of Europe in this graph.
It is. I think the reasons for it are pretty simple: They didn't experience a huge housing bubble (like Spain) They don't have a big productivity problem (like Greece) Their government's finances weren't totally unsustainable (like Spain or Greece) They don't depend a great deal on tourism (like Greece). No one seems to want to go on vacation to a rioting and unstable country. Hopefully things will improve for those…
This is scary, yes. But there's more to any unemployment story than just the stats. What are the prospects of an unemployed young person getting a job at any point in the future, even when the economy recovers? Is there a strong bias towards new grads, that would lead to a "lost generation" that permanently suffers in the job market? How does society look on the unemployed? Do they look at them with sympathy or scorn…
Is homelessness also skyrocketing, or do the unemployed receive benefits of some kind?
This is scary, yes. But there's more to any unemployment story than just the stats. What are the prospects of an unemployed young person getting a job at any point in the future, even when the economy recovers? Is there a strong bias towards new grads, that would lead to a "lost generation" that permanently suffers in the job market? How does society look on the unemployed? Do they look at them with sympathy or scorn…
How are they making a living and otherwise providing for themselves? (Serious question.) Is homelessness also skyrocketing, or do the unemployed receive benefits of some kind?
How many people from those countries immigrate to the US or wish to? If they're willing to work, and a company here has offered them a job, I say bring them over!
Give me your tired, your poor,
Your huddled masses yearning to breathe free;
The wretched refuse of your teeming shore,
Send these, the homeless,
Tempest-tossed to me
I lift my lamp beside the golden door!
The article mentioned that about 30% are college educated. It would be interesting to look at a breakdown of degrees. For example, many Science, Technology, Engineering, and Mathematics graduates are highly sought after in industry. Additionally, are the degrees reputable from an international perspective and in fields suitable by commerce and industry?
Earlier quoted context omitted.
It is. I think the reasons for it are pretty simple: They didn't experience a huge housing bubble (like Spain) They don't have a big productivity problem (like Greece) Their government's finances weren't totally unsustainable (like Spain or Greece) They don't depend a great deal on tourism (like Greece). No one seems to want to go on vacation to a rioting and unstable country. Hopefully things will improve for those…
The issue with Spain lies is the (private) banks, not government finances. Unlike Greece, where the government needs to get bailed out, in Spain it is the banks that are in trouble.
When in doubt and able, default.