The Lost Generation

By
Thursday, August 12, 2010 at 4:42 pm

An International Labor Organization’s report released today shows that young workers are among the worst-hit by the global recession. All in all, there are 620 million people aged 15 to 24 who want to work. 81 million are unemployed, the highest level and the greatest number since the ILO started keeping track 20 years ago. Globally, the youth unemployment rate hit 13 percent in 2009, up from 12 percent in 2007. The organization expects the youth unemployment rate to continue rising until 2011.

In the report, the ILO warns of “significant consequences for young people as upcoming cohorts of new entrants join the ranks of the already unemployed” and of the “risk of a crisis legacy of a ‘lost generation’ comprised of young people who have dropped out of the labor market, having lost all hope of being able to work for a decent living.”

Despite its relative wealth, the situation remains parlous for young workers in the United States as well. The unemployment rate is 26.5 percent for teenagers, and 15.7 percent for workers aged 20 to 24. The rate rises to a whopping 47.8 percent for black male teenagers, the demographic group with the highest jobless rate. Despite this, across the country, summer jobs programs for young people were slashed, as Congress failed to re-up federal funding provided in the Feb. 2009 stimulus bill.

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50 Comments

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vabelle
Comment posted August 12, 2010 @ 10:18 pm

I live in an area (south-west VA) which, with the exception of the “city” (pop ca 7K), is mostly rural and mostly poor. My personal indicator of how bad the times are is who offers to mow my lawn and shovel my driveway (if we have snow) and who works as baggers in the grocery stores. Whenever the economy tanks, all those jobs are taken over by adults, who're trying to support their families. Which leaves the kids with no way to earn a buck legitimately, learn the responsibility of showing up to work on time and being polite to every idiot they come in contact with, or managing their finances.

Your report only confirms what I've been observing for nearly two years now — no kids, anywhere.


Porterhouseale
Comment posted August 12, 2010 @ 11:32 pm

What about the unspent stimulus money?
You can bet if Ben Nelson or John Kerry's child needed work the money would be there. Not one Republican has voted to help anyone but the one's (their friends) that don't need it. Lets hear it one more time – tax cuts for the rich.
The country's going under and they went on vacation.


RZ
Comment posted August 13, 2010 @ 1:07 am

Cry me an F river.
I'm betting you will find a job in the next 40 years.
If you are 40+ and laid off, you either eat cat food or work on your Wal-Mart greeter smile.


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Comment posted August 13, 2010 @ 4:24 am

the problem is: not only do kids not learn work habits (comment below), but the recession lowers their expected earnings and impairs their ability to get jobs over the course of their entire lifetime.


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