Friday, November 02, 2012

Blog # 9 Corey Sitton

http://www.nytimes.com/2010/04/17/business/economy/17charts.html?_r=0
In a working environment, it is commonly known that employers for the most part love to hire young people, due to their exuberance on the job, their willingness to work long hours, and their drive to succeed and prove themsleves. Young people often need jobs by the time they turn 16 in almost every country, and employers know you can pay them little, and for a while they will think it seems like alot. All  of these reasons do not seem to explain however why among all of the unemployment rates, the rates among youth ages 15-24 rose drastically more than the rates among adults in nearly every country excluding Germany. Especially in Italy, did they see their unemployment rates among youth more than double in the years since the bad economic recession in 2008. 
Employers who are forced to cut jobs during an economic crisis often have to cut the weakest link, and unfortunately that tends to be inexperienced and part time/temporary young workers. Seasoned workers with benifets often have more job security just because of their longevity with the company and certain government protection plans such as the one Italy offered during the crisis. Youth however are left as the easiest to let go. The problem with this does not seem so evident. "Oh, their kids they don't need jobs that bad anyway..." Well, perhaps there is some truth to that statement. However, not being able to find or keep a job to a youth could have long lasting scarring effects says the article.  Many kids straight out of college are not even bothering looking for a job for lack of faith in the current economy. As a result, raising unemployment rates and overall economic depression are at risk for any country who cannot get their youth employed and back to work as quickly as possible.

No comments: