There is nothing for you here, go find work elsewhere. I heard the other day that Spain is burdened with a 24 percent unemployment rate, and for youths – under 25 – the unemployment rate is 51 percent.
Employment advisors and economists are suggesting the kids might want to leave Spain and find work elsewhere. Once they leave, along with hopefully finding work, they may be able to learn a trade or go to school to improve their marketability back home.
While economists have praised the reforms as going some way towards resolving the structural issues that have disproportionately affected the young, they say the effects will take years, rather than months, to be felt.
That is time many young people do not have – meaning the best option may be to uproot themselves and leave.
“Young people emigrating might be painful in the short term, but they will one day return with better skills, and knowledge of the world,” says Mr Ramón Pin. [a professor at the IESE business school at the University of Navarra] “It may hurt, but is a good thing for Spain in the long term.”
I think this will be a large problem for the Euro Zone, since there is a wide difference between the unemployment rate from country to country.
Part of the solution to Europe’s unemployment troubles could come from migration if workers … leave for countries with lower jobless rates. Among the euro-zone nations, the unemployment rates range from 4 percent in Austria to 24.1 percent in Spain.
Worker migration can help smooth out the differences in an area that shares the same currency — whether it’s a currency union or a single country. It would be akin to workers in the northeastern United States flocking to employment in the Sun Belt, as they did not long ago.
Since the zone shares a currency and has open borders, I’m wondering if places like Austria, will start to get annoyed at the financial mismanagement in places like Spain and Greece.
For a “makes you go hummm” moment, go check out the Eurostat figures concerning unemployment as compared to other countries like Japan and the United States.