Spain Is Beyond Doomed: Unemployment Charts
theatlantic.com
Spain Is Beyond Doomed: Unemployment Charts
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Re: Spain Is Beyond Doomed: Unemployment Charts
#2The labor disparity between senior workers and young ones will lead to a lot more trouble. Irrational people take out their frustrations on the easiest target; irrational young people even more so.
I'm not sure if the article's doom and gloom is actually reflected in reality though. Most people are averse to letting society collapse (especially when they've had a history of it standing upright and stable for a long time).
Spain doesn't "just" need stimulus, it needs well guided and allocated stimulus or it will accomplish nothing.
Re: Spain Is Beyond Doomed: Unemployment Charts
#3The labor disparity between senior workers and young ones will lead to a lot more trouble. Irrational people take out their frustrations on the easiest target; irrational young people even more so. I'm not sure if the article's doom and gloom is actually reflected in reality though. Most people are averse to letting society collapse (especially when they've had a history of it standing upright and stable for a long t…
Spain needs to breed. Their median age is ~41 (US at about 37... ). Not as bad as Japan, but very ominous when you've got a society built on pensions.
Ireland is about 35 and it shows (little pale kiddies running around everywhere). That is the only one of the PIIGS I'm betting on.
Re: Spain Is Beyond Doomed: Unemployment Charts
#4The labor disparity between senior workers and young ones will lead to a lot more trouble. Irrational people take out their frustrations on the easiest target; irrational young people even more so. I'm not sure if the article's doom and gloom is actually reflected in reality though. Most people are averse to letting society collapse (especially when they've had a history of it standing upright and stable for a long t…
Spain needs to breed. Their median age is ~41 (US at about 37... ). Not as bad as Japan, but very ominous when you've got a society built on pensions. Ireland is about 35 and it shows (little pale kiddies running around everywhere). That is the only one of the PIIGS I'm betting on.
That might be the long-term solution to the nation's problems. But on an individual level, it would be disastrous for an unemployed person or someone worried about losing their job to increase their financial responsibilities by having kids.
Re: Spain Is Beyond Doomed: Unemployment Charts
#5The problem with stimulus spending in a place like Spain is that someone will have to lend them the money to spend. They either have to charge pretty high interest (which exacerbates Spain's already high deficit) or give a discount on the interest, such that it no longer reflects the risk the lender is taking. Most anti-austerity calls seem to suggest the latter, which basically amounts to redistribution from those countries (Germany, Netherlands et.al.) that did not enjoy the easy living during the boom years that Spain did.
Re: Spain Is Beyond Doomed: Unemployment Charts
#6Earlier quoted context omitted.
Spain needs to breed. Their median age is ~41 (US at about 37... ). Not as bad as Japan, but very ominous when you've got a society built on pensions. Ireland is about 35 and it shows (little pale kiddies running around everywhere). That is the only one of the PIIGS I'm betting on.
That might be the long-term solution to the nation's problems. But on an individual level, it would be disastrous for an unemployed person or someone worried about losing their job to increase their financial responsibilities by having kids.
Yes and No
In societies of extreme poverty children have long been viewed a hedge against old age
Re: Spain Is Beyond Doomed: Unemployment Charts
#7Long-term unemployment is happening in the US too:
http://blogs.cfr.org/kahn/2013/04/17/our-long-term-unemploym...
Unemployment in the US is near 15% including U6, or near 23% if using pre-1994 counting methods: http://www.shadowstats.com/alternate_data/unemployment-chart...
(On that subject, I'm looking for work in the north SF bay area, Sonoma/Marin region)
Re: Spain Is Beyond Doomed: Unemployment Charts
#8Earlier quoted context omitted.
That might be the long-term solution to the nation's problems. But on an individual level, it would be disastrous for an unemployed person or someone worried about losing their job to increase their financial responsibilities by having kids.
Yes and No In societies of extreme poverty children have long been viewed a hedge against old age
That only works because of the lack of child labor laws and the lack of an advanced economy in which education is required in order to get a well-paying job in countries where extreme poverty is commonplace.
Re: Spain Is Beyond Doomed: Unemployment Charts
#9The labor disparity between senior workers and young ones will lead to a lot more trouble. Irrational people take out their frustrations on the easiest target; irrational young people even more so. I'm not sure if the article's doom and gloom is actually reflected in reality though. Most people are averse to letting society collapse (especially when they've had a history of it standing upright and stable for a long t…
Spain needs to breed. Their median age is ~41 (US at about 37... ). Not as bad as Japan, but very ominous when you've got a society built on pensions. Ireland is about 35 and it shows (little pale kiddies running around everywhere). That is the only one of the PIIGS I'm betting on.
Spain's youth unemployment is astronomical (55%+). Young people with useful skills are increasing choosing to emigrate -- With lots of encouragement too. e.g. Germany is actively recruiting Spanish Engineers to fill labour gaps there.
Without structural changes, no amount of youth is going to dig them out.
Re: Spain Is Beyond Doomed: Unemployment Charts
#10And we still think krugman is
a god.