By Simon Black: Santiago, Chile - Human beings have an innate desire to thrive.
And there are few things more soul crushing than to sit idle and unemployed during one’s most formative and energetic years.
Traveling across Europe this summer, I was astonished at the economic decimation in places like Cyprus, Greece, Portugal, and Italy.
Youth unemployment rates in these countries are upwards of 40% to nearly 70%. The most recent figures published by the Italian government show yet another record high in youth unemployment.
An entire generation is now coming of age without being able to leave the nest or have any prospect of earning a decent wage in their home country.
This underscores an important point that I’ve been writing about for a long time: young people in particular get the sharp end of the stick.
They’re the last to be hired, the first to be fired, the first to be sent off to fight and die in foreign lands, and the first to have their benefits cut.
And if they’re ever lucky enough to find meaningful employment, they
can count on working their entire lives to pay down the debts of
previous generations through higher and higher taxes.
But when it comes time to collect… finally… those benefits won’t be there for them.
Traveling across Europe this summer, I was astonished at the economic decimation in places like Cyprus, Greece, Portugal, and Italy.
Youth unemployment rates in these countries are upwards of 40% to nearly 70%. The most recent figures published by the Italian government show yet another record high in youth unemployment.
An entire generation is now coming of age without being able to leave the nest or have any prospect of earning a decent wage in their home country.
This underscores an important point that I’ve been writing about for a long time: young people in particular get the sharp end of the stick.
They’re the last to be hired, the first to be fired, the first to be sent off to fight and die in foreign lands, and the first to have their benefits cut.
But when it comes time to collect… finally… those benefits won’t be there for them.