In Europe young people ages 15-29 are struggling because
they can’t find work or are unemployed. This is having a toll on the whole
country. According to the article, this is costing member states a total of
€153bn (£124bn a year). These young people are now being referred to as the
“lost generation”. However, not only are these young people unemployed, but
according to the article they’re also opting out of democratic participation in
society. Even young people, who are in work, don’t work many hours or are in
low security jobs. According to the EU report if just 10% of the young people
could rejoin or find a job in the workplace then it would save €15bn a year. This doesn’t seem like much,
however, each year it would add up and eventually would have an impact. Even
the young people who are out of education for 15-19 year olds had no work
experience at all. Stefano Scarpetta, the OECD’s head of employment analysis
and policy is alarmed that young adult population is reaching dangerous levels.
He also
stated that if we don’t address these issues soon social and political tensions
will increase.
This is a global social problem because many young people
are being affected. Nowadays it seems so many countries are being affected by
this “loss of job”. This can also affect other countries because if the economy
is bad it can make the worth of the dollar go down, which will change a lot of
things. Also, since young people in Europe can’t find work, it will start to
become a continuous cycle of the country and member states having to pay for
these young people through welfare. The article had already stated that this
has started to happen. This also isn’t good because this could affect these
young people’s social status. Education today is far more advanced than it was
years ago; therefore, we should excel in social status by having a better
education. However, with the economic crisis jobs are slim and young people are
getting hit hard. This also is affecting the country because the more young
people that are on welfare the more the country is going to go down in
economics. Stefano Scarpetta also made a good point that if Europe doesn’t do
anything it will soon face social and political tensions.
http://www.guardian.co.uk/society/2012/oct/22/europe-lost-generation-costs-study
1:18 pm 10/24/12
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