The next generation might have it worse than the last. Not since the Great Depression has this occurred. How bad? Spain, for example, has 42% “youth-unemployment rate” (those aged 15-24):
THE global recession has hit young workers particularly hard. In the mostly rich countries of the OECD, the youth-unemployment rate (the unemployed as a proportion of the labour force aged 15-24) increased by the second quarter of 2010 to 19.6%; in nine countries more than one in four are now jobless. (Source: The Economist online)
The predatory rich, the banks and the politicians, along with a collective of bought and sold judges and media mouthpieces . . . buggered their children and ruined their future. (Source)
The Greatest Generation’s and the Baby Boomer’s awesome legacy . . .
the world inherited by the next generation.
No problem. Right?
- Students are drowning in debt (redantliberationarmy.wordpress.com)
- The Bull Meter: Michael Ignatieff on youth unemployment (macleans.ca)
- Spain warns of record five million jobless (alternet.org)
- Youth unemployment rises but overall jobless falls (telegraph.co.uk)
- Young jobless ‘grim milestone’ fear (mirror.co.uk)
- Unemployment, Jobless Numbers Stayed the Same in March (prospect.org)