Youth unemployment

Never Mind the Bollocks

Degrees: Pay More, Earn Less

This was the headline of yesterday’s Metro. Between 2007 and 2012, students in the UK have seen their tuition fee rise to an average of £9,000 annually, while their salary upon graduation  has decreased because of an increasingly competitive job market. Apparently, we are “the first generation to have it worse than their parents”. And this is the UK, currently the best economy of entire Europe. Youth unemployment is 60% in Greece, 55% in Spain, 42% in Italy. A Lost Generation. I wrote about this before in the context of Europe, where I gave the option to either remain complacent and indeed become a lost generation, or yell to gain attention from policy makers. Today I offer another option, one that makes the previous two obsolete. (more…)

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Pathetic Europe

The financial and economic crisis has caused quite some damage around the world. Jobs were lost, wealth was lost, and money fled to wherever it seemed safe. Six years after the start of the crisis, many parts of the world have recovered from the damage done. The emerging economies were swift in their recovery and is now being followed by an American economy that is gathering pace as well. Only one “global” player stays behind and seems incredibly slow in its recovery: the European Union.
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