A lost generation of 14 million out-of-work and disengaged young Europeans is costing member states a total of €153bn (£124bn) a year – 1.2% of the EU's gross domestic product – the largest study of the young unemployed has concluded.
The report, by the EU's own research agency, Eurofound, has discovered that Europeans aged 15 to 29 who are not in employment, education or training (known as Neets) have reached record levels and are costing the EU €3bn a week in state welfare and lost production.They are also providing a lot of jobs ‘servicing’ that population, though. I wonder if that’s been taken into account?
The Organisation for Economic Co-operation and Development (OECD) said Europe was "failing in its social contract" with the young and rising political disenchantment could reach levels similar to those that sparked North African uprisings during the Arab spring.Really? I rather doubt that. Unless we have a population that closely matches the demographics of North Africa.
Not that the EU aren’t working on that!
"The consequences of a lost generation are not merely economic," the report warns, "but are societal, with the risk of young people opting out of democratic participation in society."Looking at the voting breakdown by age, that ship has well and truly sailed…
Of course, nowhere (except in the comments) is the chief cause elucidated:
Nobody to blame but the EU itself. When I was 17/18, I was working part-time in Tesco. These days the youth find it extremely difficult to get work in places like Starbucks or a supermarket, why? The free market and the uncontrolled open door immigration policy has changed the demographics of the UK. I am not opposed to immigration, but when it is uncontrolled this like it puts enormous pressure on public services. From housing, schools, NHS, policing, public transport, the list goes on. The worst thing is nobody is doing anything about it. During a recession you would have thought a limit would have been slapped on so our own people have a chance of getting work having been laid off elsewhere. I'm sorry but I see no growth in Britain for at least a decade, for as many jobs the government creates through big projects the army of workers from Europe will sweep them up.Hard to disagree…