Of the "we are all screwed" variety - On Wednesday, the International Labour Organisation (ILO) released a report on Global Employment Trends for Youth 2010. There isn't a single good news in it, starting with the fact that the youth unemployment rate is at its highest ever at 13%, and apparently it will keep increasing.
According to the ILO, this creates a
risk of a crisis legacy of a ‘lost generation’ comprised of young people who have dropped out of the labour market, having lost all hope of being able to work for a decent living
Young people are the drivers of economic development. Foregoing this potential is an economic waste and can undermine social stability. The crisis is an opportunity to re-assess strategies for addressing the serious disadvantages that young people face as they enter the labour market. It is important to focus on comprehensive and integrated strategies that combine education and training policies with targeted employment policies for youth.
Cartoon from Sullivan-county.com
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