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As the OECD reported in 2010, youth unemployment is rising across the developed world.
This is largely a result of globalisation and of technological improvement.
Over the last 40 years, the global population has more than doubled in size, from around 3 billion to around 7 billion now.
Simultaneously, countries that were never part of the global market have joined it – not least India and China from the mid-1990s – while technology has become less labour-intensive.
The result has been a dramatic increase in the ratio of labour to capital. As a result, the wages of the low-skilled have fallen, while the wages of the high-skilled have risen extraordinarily.
The visible evidence of this is in the relative decline of manufacturing and trade jobs in the West.
The only low-skilled jobs left are in sectors protected from global competition: it is very difficult to buy a haircut or be served a McDonalds from China.
The result, practically, is ever-rising unemployment – and in particular for the uneducated young.
Globalisation, industrialisation and technological improvement make humanity better off. But the problem is that they do so unevenly.
The Telegraph
These hard-working miners include many thousands of children. They work long hours at often dangerous jobs in hundreds of primitive mines scattered through the West African bush. Some are as young as 4 years old.
Originally posted by woodwardjnr
Globalisation means that kids work in mines, mining rare earth materials for the poor in the wests mobile phones.
The only jobs left for the under-educated, or often just the less academic, are in service industries: serving coffee, cleaning toilets, stacking shelves. These jobs are not the first rung on the ladder. There is no ladder; no one hopes to work in Pret a Manger for life.
The Telegraph
Originally posted by babybunnies
I think you're wrong. Youth unemployment is the result of the lathargy of youth.
Most young people want a six figure salary right out of high school with minimal training, they are the entitlement generation.
Originally posted by Dustytoad
I live in a mountain town and every opening anywhere has about 150 applications within a week. There are no jobs here. I was the manager of frozen/dairy dept. at food lion. Worked my ass off. had to quit to go to school.
For the last 8 months I have applied to every single place there is here multiple times. I have lots of experience. Can't even get a job at Mcdonalds unless you know someone. I'm not kidding.
I'm in my 20's
Youth unemployment is the inevitable result of globalisation
Originally posted by babybunnies
I think you're wrong. Youth unemployment is the result of the lathargy of youth.
Most young people want a six figure salary right out of high school with minimal training, they are the entitlement generation.
Many employers won't hire today's 20 something generation because of the entitlement that they feel. They get to the workplace and demand to have everything handed to them on a platter just like it was at home, with minimal effort and minimal return, just like at home.
Even with a college education, you're not likely to be making a six figure salary out of the gate. You never were, and certainly aren't now.
Many of today's youth also don't want to do those jobs that kids and young adults have done for generations, flipping burgers, delivering news papers, working on construction sites, working retail, bartending, waitressing. They think these sorts of jobs are below them.
This is what's driving the youth unemployment, IMHO.
Originally posted by jvm222
The cost of living is so goddamn high and yet you expect me to live off of 7-10 dollars an hour?
Originally posted by wingsfan
Where I live, if a fast food joint has an opening, 1500 people apply off the bat. And since this global market wrecked us, alot of people struggle with debt.
The richest 1 per cent of Americans have been getting far richer over the past three decades, while the middle class and poor have seen their after-tax household income doing nothing more than crawling up by comparison, according to a government study.
CBC
Originally posted by ollncasino
Originally posted by Dustytoad
I live in a mountain town and every opening anywhere has about 150 applications within a week. There are no jobs here. I was the manager of frozen/dairy dept. at food lion. Worked my ass off. had to quit to go to school.
For the last 8 months I have applied to every single place there is here multiple times. I have lots of experience. Can't even get a job at Mcdonalds unless you know someone. I'm not kidding.
I'm in my 20's
Older people who have a job find it difficult to understand that the world has moved on since they were young. Until they have to find a job...