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Europe's Record Youth Unemployment

theatlantic.com

1–10 of 108 posts

Re: Europe's Record Youth Unemployment

#3
Is there a correlation between high-unemployment countries and the availability/quality of off-shore tech labor?

Sure the local market may be in shambles, and the level of effort/risk to bring on new permanent employees may be out of whack. Assuming the talent and drive exists, shouldn't this drive the freelancing segment?

Re: Europe's Record Youth Unemployment

#5
The graphs and the unemployment stats seem to be about people 25 and under, but then when talking about how educated the workforce is, the author talks about 20- and early-30-somethings. The 26 to early 30's part of that stat means it's not directly comparable.

Re: Europe's Record Youth Unemployment

#6
post #2

Interesting, how Germany decoupled itself from the rest of Europe in this graph.

Considering that Germany is essentially the ECB -- no, it's not. As a lender of last resort, the ECB has failed. It has failed to acknowledge to lessons taught by history; and it has failed to look itself in the mirror now. Germany reaped the benefits of having small economies join the EU; now they refuse to take full responsibility; hell, they refuse to even allow, say, 4% core inflation for a couple of years to help the struggling economies.

Re: Europe's Record Youth Unemployment

#7
post #2

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 countries... but it's pretty easy to be a pessimist given the situation.

Re: Europe's Record Youth Unemployment

#10
post #2

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…

Spain's government finances were not unsustainable prior to the recession. In fact, they were in pretty good shape. Spain did, however, face a crippling housing bubble due to the surge of outside investment.
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