The Youth Unemployment Bomb

Stumbled upon this Businessweek article on youth unemployment in research for an upcoming Daily Trojan article. It’s from February, and it’s kind of scary, but is truly worth a read.

I love the hook:

“In Tunisia, the young people who helped bring down a dictator are called hittistes—French-Arabic slang for those who lean against the wall. Their counterparts in Egypt, who on Feb. 1 forced President Hosni Mubarak to say he won’t seek reelection, are the shabab atileen, unemployed youths. The hittistes and shabab have brothers and sisters across the globe. In Britain, they are NEETs—”not in education, employment, or training.” In Japan, they arefreeters: an amalgam of the English word freelance and the German word Arbeiter, or worker. Spaniards call themmileuristas, meaning they earn no more than 1,000 euros a month. In the U.S., they’re “boomerang” kids who move back home after college because they can’t find work. Even fast-growing China, where labor shortages are more common than surpluses, has its “ant tribe”—recent college graduates who crowd together in cheap flats on the fringes of big cities because they can’t find well-paying work.”

Want to keep reading?? Businessweek – The Youth Unemployment Bomb

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