Unemployment and Young Workers
One of the hardest-hit groups during the recent economic crisis in America was that of young college graduates. Lacking experience and possessing high rates of student debt, many struggled to find a foothold in the new economy and were forced to take jobs that did not require a college degree. More college graduates than every have been forced to live at home with their parents rather than 'striking it out' on their own. There has also been criticism of the American education system for fostering a skill mismatch between the types of skills taught to students in the classroom (particularly in the social sciences and the liberal arts) and the types of occupations actually needed by employers. Although student debt is not a problem in Europe to the same extent because of the highly-subsidized higher education system, there are similar concerns about the future of younger workers, colored with uniquely European concerns such as the financial solvency and political stability of the EU. The greatest distinction between the European and American perspective, however, is the extent to which youth unemployment is portrayed as a political, societal problem in EU nations, while in American the failure of young graduates to thrive is seen as a failure of the American dream and seen through an individualistic, localized lens.
Der Spiegel, the German newspaper of record, recently reported on the state of youth unemployment in Italy in an article entitled "A Bleak Autumn for Monti: The Catastrophic State of Italy's Labor Market." Although not normally hyperbolic in its descriptions, the centrist paper described the situation as nothing short of catastrophic. In one province of Italy, "among Sardinians between the ages of 18 and 24, the jobless rate will soon rise above 40%…Some 1.5 million jobs have disappeared in the last five years, with younger job seekers bearing much of the burden. Fully 35% of those under the age of 24 in Italy don't have work. And the trend remains negative" (Schlamp 2012). Even this statistic is somewhat deceivingly optimistic, the paper warns....
Sometimes, unemployment precipitates a change in career for practical purposes or even the complete abandonment career goals when the need to earn a paycheck outweighs the need to develop along-term profession. Whereas older workers have already established a career to which they could return, when young people change careers early in life, that choice tends to dictate the course of their professional lives much more profoundly. There are also negative
Workers With in Small Firms Chapter I outlines the problems this research aims to address, namely an information gap that may, if filled, enhance employment for potential and existing workers with disabilities. This chapter defines the problem background, purpose of research, theoretical framework through which conclusions will be drawn from survey data gathered in the field, the research questions the survey instrument seeks to answer, the definition of terms those questions
Unemployment UK According to the Office of National Statistics, the unemployment rate in the UK currently sits at 8%, the highest figure since 1994. The unemployment rate has been in a range between 7.5% and 8.0% since early 2010. The current trends show that youth unemployment is at its highest level since 1992 and that there is no end in sight for the unemployment problem in the UK (Office for National
This is what has led to so many foreigners working in the country already. The foreign workers are therefore a symptom of a greater problem. This problem is not macroeconomic failure -- the Saudi economy is robust and creates jobs -- but is simply does not recognize that macroeconomic principles alone will not address the issue of unemployment among Saudi nationals. Consider the case of China as corollary. In both
Unemployment in Spain Economic blog Economic Blog: Unemployment in Spain Economic Blog: Unemployment in Spain and its Causes The continuous weakness of Euro-zone economies has resulted in the rising level of unemployment in European Union. Spain was also hit by disease of unemployment around 15 years back in 1996 and since then it has suffered from highest persistent rate in the European Union for several years. This problem was worsened by the credit crunch
Marie Jahoda said that employment is a social institution with objective consequences that occur for all effected by it, overriding individual differences in feelings, thoughts, motivation and purpose (Fryer, 1995). Some of these, like earning a living, are intended or manifest. Others are unintended or latent. According to Jahoda (Fryer, 1995): " employment makes the following categories of experience inevitable: it imposes a time structure on the waking day; it compels
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