What good is a young worker taught to despise individual merit, ownership, and the capitalist model? The employers don’t want these people! They are of no use.
German Finance Minister Wolfgang Schaeuble said a couple of things today, I thought interesting.
While Germany insists on the importance of budget consolidation, Schaeuble spoke of the need to preserve Europe’s welfare model.
Schaeuble told a conference in Paris.
“We have to rescue an entire generation of young people who are scared. We have the best-educated generation and we are putting them on hold. This is not acceptable,” Italian Labour minister Enrico Giovannini said.
What I find interesting is that while it is true, our welfare systems are different, as far as youth employment, we’re getting the same results. But, I think we’re seeing an unrecognized dynamic. During an unemployment crisis, there are two groups who get the hardest hit; the older workers and the youth. But, the educated youth had always been less harmed, until this round. Why? Because employers are now recognizing the abject lack of utility in…
View original post 243 more words