Skip to comments.Youth unemployment could tear Europe apart, warns WEF
Posted on 11/15/2013 11:27:25 PM PST by Olog-hai
A lost generation of jobless youth in the eurozone could tear the single currency apart if nothing is done to address chronic levels of unemployment, the World Economic Forum (WEF) has warned.
There is a growing consensus on the fact that unless we address chronic joblessness, we will see an escalation in social unrest, said S.D. Shibulal, chief executive of Infosys, who contributed to the WEFs Global Agenda Report.
People, particularly the youth, need to be productively employed, or we will witness rising crime rates, stagnating economies and the deterioration of our social fabric, he added.
(Excerpt) Read more at telegraph.co.uk ...
When I was in Crete last month, I noticed that a lot of jobs were held by Russians.
Why would you work for less than the government will give you for not working. This is the problem with welfare states. Look at our Indian reservations if you want to see how it works out over a period of time.
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