View Single Post
Old 09-07-2017, 09:21 AM   #28
iamawaveofthesea
Senior Member
 
Join Date: Jan 2014
Posts: 26,740
Likes: 13,667 (7,885 Posts)
Default

Mass Unemployment


A Massive Global Crisis: 201 Million Can't Find Work and Governments Aren't Fixing It
It's fueling a global immigration and economic crisis.
By Vijay Prashad / AlterNet
July 6, 2017, 7:03 AM GMT

Twenty-five percent of Spain’s working age population is unemployed, he says. Near three quarters of Spain’s young are unemployed. Four of five Spaniards between the ages of 16 and 29 live with their parents. The numbers define their lives.

One of the most striking aspects of unemployment in Spain is that one in four of Europe’s unemployed live in that country. It is the center of European unemployment.

Recently, the World Bank released a report in Rabat (Morocco’s capital) about the unemployment situation in the country. The report provides evidence of the indifference of the global intellectuals who staff such institutions as the World Bank. Moroccan youth, the World Bank analysts noted, should reduce their ambitions and take less paying jobs than they would expect. Because Moroccan youth have high expectations, the World Bank suggests, and because they are ‘overcome by a feeling of hopelessness,’ more than 28 percent of Moroccan youth wish to migrate.

But in Spain and other parts of Europe, the Moroccans discover people like Miguel and Isabel, and through them the harsh reality of joblessness even in Europe. Colectivo Ioé, a Spanish think tank, found that the unemployment rate for Moroccans rose astronomically from 16.6 percent before the current economic crisis to 50.7 percent today. One in three Moroccans are unemployed in Spain. Moroccan migrants have now been returning home. But the situation they find there is equally perilous.

Earlier this year, the International Labour Organisation released a report that showed the endless trends of increased unemployment. The number of unemployed globally will increase this year to total 201 million, an increase of 3.4 million unemployed people from last year. These are deflated numbers. They are merely an indication of reality. It is impossible to know actually how many people are unemployed or barely employed.

The numbers of the working poor are set to increase even more dramatically, by five million people over the next two years. ILO reports that half of the workers in South Asia live in extreme or moderate poverty, while two thirds of the workers in Sub-Saharan Africa live in extreme or moderate poverty. These are the people with jobs. Having a job is not sufficient as an indicator of being outside poverty.

read on here http://www.alternet.org/world/global...loyment-crisis
__________________
when the people in power want you dead, just existing is a revolutionary act

Last edited by iamawaveofthesea; 09-07-2017 at 09:22 AM.
iamawaveofthesea is offline   Reply With Quote