Why is Youth Unemployment So High in Southern Europe?
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- Опубліковано 2 чер 2024
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While unemployment has been coming down in Europe, it's especially high in Southern Europe and among young people, so why is this? In this video, we'll break down the data, the economic and structural factors that underpin in and whether it can be fixed.
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1 - www.oecd.org/employment/unemp...
2 - www.economist.com/europe/2023...
3 - / youth-employment-in-sp...
4 - idrn.eu/wp-content/uploads/20...
5 - www.inet.ox.ac.uk/files/covid...
6 - www.intereconomics.eu/content...
7 - www.bertelsmann-stiftung.de/e...
8 - ec.europa.eu/commission/press...
9 - www.pewresearch.org/short-rea...
00:00 Introduction
00:52 Data & Context
02:25 Economic Stagnation
03:59 Labour Market Issues
05:30 Low Education & Skills
06:47 Young People’s Attitudes
08:14 Nord VPN
CORRECTION: At 1:45, we say that "even within Italy and Spain, unemployment rates are higher in the North than the South". As the graphs show, this is incorrect, and we meant to say "unemployment rates are LOWER in the North than the South". Apologies for this sloppy error, and we hope you nonetheless enjoy the video!
Italy's graphics are wrong, the numbers appearing make reference to the national per province not the unemployment rate.
Brodda your channel is a great channel but this video needs to be re-uploaded because it is not truthful and so not respectful towards the population of South Italy and the extreme socio-economic-cultural reality that live since the invasion in 1848....... please listen to the suggestions that real life is not a game and because of history, South Italian people are still suffering today ! ! !
You need to adjust your lighting, everything looks very "milky".
My god
Si vous parlez français, venez au Canada. Nous avons besoin de travailleur.
Amazing video but you got one thing wrong. Young people's incapability of finding a good job makes them live longer with their parents not the other way around.
Yeah. Nothing to be ashamed about, but it's def an important factor in the economic calculus
Yeah sure It's the young people's fault. It's not like i witnessed Yesterday a university professor offering a post degree research to a student Who got the degree last month. As far as wage She doesn't get any, he did not even mention when some kind of payment could come in the future like new doctorate opening up, he Just said that he would keep an Eye to eventual possibilità. Meanwhile he has to work without pay so that maybe can publish something, without any assurances because that could Just not put your name in the research and you can even argue with that. So please don't push the blame on young people (sure there are some that are awful) but the real problem Is that we have incompetent older man and woman Who do not know how to work and exploit any young people they get their hands on paying them with lies and empty promises while they get fat with a position they do not have any ability to do their own work. And when a young man/woman does not want to be exploited for unlivable wages or promises they are considered lazy and awful. Come on look around man i suppose you are an italian like me if you don't see the problem you are probably One of those Who profits off young people
Thanks, I was about to write the same comment. There's no reason you can't get a good job if you live at your parents, that's not a question employers would ask. It can even kickstart your life with plenty of savings to buy a house
That makes the differences between living with your parents and your parents living with you.
The obsession with getting out of generational homes need to stop. Nothing wrong with staying in the family's generational home. After all, this was the norm even in europe for centuries. There's beauty and warmth in the family bond between grandparents, parents and children. Reduces need for both the expensive childcare and elderly care. Reduces isolation and rate of depression, lowering mental healthcare cost. Also reduces demand on housing, thereby lowering prices and reduce the rate of constructing new houses, lowering pollution and emissions.
You were wrong when saying that living more with parents makes people have difficulty to find a job. Actually, it's the opposite : if a person gets a good job, he'll move out to his own house. But it's hard to leave our parent's house when almost all jobs pay 1k per month (or less) and renting an apartment is more than that.
Not really.. a lot of people's parents live in the countryside or small towns which limits options and adds travel costs/time which makes it harder to find decent jobs because there is less opportunity there. I know first hand
@@joshnicholson2934 you don't live in Greece though which makes you comment irrelevant. You can't live on your own because there are not many half decent paying jobs. And people don't have money on the side to invest in the idea that "I'll rent and I'll find a job soon". 70% of Greeks have less than 1000 euros in their bank accounts. And finding such a job could take months or more. At the same time rents are skyrocketing because of Airbnb and tourism. Reaching about 30-60% of the AVERAGE income and more than 50% of the basic income, which is what most people expect to find in a new job no matter the qualifications.
@@AndrewStamelakistheir input is still valid, don't be rude
@@AndrewStamelakis my comment is completely relevant as this applies to all of Europe. Why do you think you are special?
@@joshnicholson2934 so the companies that need more personnel should offer more pay.
if they offer more money people could use that money to buy/rent a place close(r) to the job locating and accept that job.
if a company doesn't want to pay enough for their workers to be able to live off they can't expect people to accept those jobs
In Portugal, companies think giving a job is a priveledge, plus the salaries are shit and that is done by design and not only by goverment regulations, so we will just continue doing what we always do, leave our country
Sounds just like Brazil :(
Ntm the housing costs in Portugal are insane. It’s basically double the housing costs of the US but 1/5th the wage.
@@benchoflemons398 Well its thanks to the Americans this happened, so now they just have to reap the benifits
If you want change to happen you will need to vote for Capitalism. Everyone in Europe seems to want socialism. But socialism is the sure way to poverty. Look at Venezuela 70-80% poverty wi s socialism. It used to be one of the rich countries in the world.
@@albertinsinger7443I’m escaping to the one place that hasn’t been corrupted by capitalism.
SPACE!
This is an excellent take allow me add that:
- There is a lot of “black” economy where people are working with no contract or insurance. Just money exchanging hands
- Working rights and conditions are horrible. This combined with young staying with their families leads to higher unemployment
I have engaged in it but just got 70 euros till today, but I plan on engaging with it more.
It's 100% real.
um... I think you're missing cause for effect here... Why would a young person get out of family housing, when they can't afford rent on income they have, particularly if they can't get a stable job, that would pay enough to cover that rent? I'm in that boat currently. Live with my parents, because rents have skyrocketed and, even though I have just below median salary, I can't afford rent.
Average length of college degree is 4 years and that's equivalent to a Bachelor's. Starting jobs that aren't serving tables pay around around 1000 euros, if you're lucky and the company you work for isn't too greedy. If I had parents that weren't dirt poor I would have managed to save enough money to rent a place in my late 20s. Perhaps by mid 30s I would have had enough money for a mortgage.
Damn man,I'm from Romania and it seems that Italy is slowly becoming like us wich is not a good thing 😂
@@stefandinu6389 Yup, it's going downhill very fast here. Many youngsters bolting and plenty of "enterpreneurs" whining about how "no one wants to work anymore", casually forgetting how wages have actually decreased in 20 years and cost of living grown very fast indeed. I'm waiting for the workforce to age some more and employers scrambling to get anyone to work for them at all, like Peter Zehian said: we've run out of kids 30 years ago, now we've run out of 30 year olds and now GenXers are reaching retirement age.
temporary contracts are also huge in the Netherlands, it's crazy how they don't want to hire people on permanent contracts and will pull every trick in the book to make you go away.
Big thing in Ireland too. Paying you the bare legal minimum and not even giving you full hours for the week, and they're baffled no one wants to work there.
Why would anyone ambitious want a permanent position
@@baha3alshamari152 the thing is that they give you like 1 year then 6 months, then maybe another 6 months max, then you would have to leave. it'd be nice to leave on your own terms and not because your contract ran out.
You don't have to stay haha I don't think you understand@@baha3alshamari152
The Dutch government has recognized the issue of precarious employment and has taken steps to address it. Legal regulations have been put in place to protect workers, such as limitations on the number and duration of consecutive temporary contracts. Additionally, measures have been implemented to encourage employers to offer more permanent positions and discourage the excessive use of temporary contracts.
Salaries are also quite low for skilled jobs, often ridiculously so. I've heard of €30k or even lower for software engineers in southern Europe. It's no wonder that I've met a disproportionate number of Spaniards, Italians and Greeks working in software in the UK.
It's also because they do not bother to improve their own country. It's no different to a Premier League footballer going to Saudi Arabia to "improve the league" cough.
Im 22. I finished uni just to be faced with the reality that a degree was not going to be enough to find a job. Entry-level job ads with 3 years plus of experience?!? It's so stupid. The truth is that when you fished 5 years of studies, you still have to go through a 2 year period of interviews, interships, and loads of bullshit to be hired. I was the best in class, and it gave me nothing.
Why on Earth do people think 5 years of studying a useless degree will get them a job???
It will be fine . I faced the same situation when I graduated. Search for employment in small or medium scale business like start-ups. It won't pay you much but will give you experience.
I’m 26. I have different courses and different work experiences (including working for the European Parliament) but they were all temporary jobs and I can’t get a more permanent position now - not even for shopkeeper. good luck to you
similar to my situation, graduated with an environmental engineering master's degree with commendation from the dean in 2021, been unable to find a job in the field since then, sent God knows how many job applications, nothing, started applying in EU countries and abroad - US, AUS, NZ etc don't want to sponsor me a work visa because I have 0 job experience just a piece of useless paper, and I don't speak German so I can't get a job in AUT or GER, since I graduated in my country there were maybe 7-9 job openings in EE field, half of them want people with 3+ years of experience, and I am not competing only with my classmates but also engineering geologists, chemical engineers, civil engineers and scientific environmental fields graduates that also can't find employment, I am beyond fucked
I am from a small town where these is only a meat and metal industry, shopkeeper and warehouse jobs, I think to myself is this what I spent countless sleepless nights for studying and doing exercises and writing essays just to stack boxes or work the cash register in a grocery store ....
@@larauerc working in a European Parliament is a fake job. Being a shopkeeper on the other hand is a real one.
As an undergraduate student living in Greece I can say that this is an excellent take but I would like to note a couple of things:
Most 18-26 year's old workers that work either part-time with their studies or do not study and work full-time, work uninsured without contract. This results to unemployment being recorded much higher than it actually is. The working conditions are terrible and the whole of the Greek culture enables that. Until your late 20s it is generally acceptable to live with your parents, thus there is no need to have an actual income on paper and assets under your name.
The "standard" timeline for a young Greek is : Finish School at 18, Study for at least 4-5 years in uni (add 2 years for a masters degree), If male get into mandatory military service for at least 1 year. So that creates an environment in that young adults cannot be independent at least before 25.
True, the same happens in Portugal (except the army part).
In the last 3 years (with some interruptions) I've been working for a company, but I didn't have a contract. It was all legal, but each year I would declare everything as "a single service". So for the statistics I've been unemployed in the last 3 years.
Also in many cases it is not worth it to study at the uni. For example, if you study physics, and you become a teacher of physics at a school, you will earn 820 euros net as starting salary. While the minimum net wage on yearly basis is now 778. So if you make the computations, the physics school professor will be poorer than the unskilled laborer, until the age of around 55. With this in mind, who would make children for example? And how will the population be maintained?
Why dont you migrate?
few people go to UNI, much less than you think.
Critics argue that certain aspects of neoliberalism, particularly its emphasis on deregulation and market-driven approaches, can contribute to unemployment. Neoliberal policies often prioritize free markets and reduced government intervention, which proponents argue can encourage economic growth. However, opponents suggest that these policies can lead to certain negative consequences, including unemployment, particularly for vulnerable populations.
Critics argue that neoliberal policies, such as labor market deregulation and flexible work arrangements, can contribute to job insecurity and precarious employment. For example, reducing regulations on businesses may lead to job cuts or outsourcing as companies search for lower labor costs. Additionally, critics contend that welfare reforms tied to neoliberal ideologies, such as reducing social safety nets and unemployment benefits, may contribute to higher unemployment rates and increased economic insecurity.
It is important to note that views on the effects of neoliberal policies on unemployment and the broader economy are subject to debate. There are differing opinions regarding the extent to which neoliberalism contributes to unemployment and the overall impact it has on societies.
Citizens' actions in response to these issues can vary based on factors such as awareness, access to resources, and the perceived efficacy of different forms of activism. Public engagement, political participation, and discussions about the impact of neoliberal policies can be important steps toward addressing concerns related to unemployment and creating policy changes that prioritize job creation and economic stability for all individuals.
Something that has become VERY COMMON that has jumped out to me in the past 7 years is the lack of Hirees for the amount of Work that needs to be done. A LOT if not ALL the people I know are overworked and can testify to increase in job responsabilities and expectations for results increase with little to no increase in pay or benefits.
Employers, especially of bigger structures, are reluctant to hire to alleviate the workloads and favoring temporary hires for the VERY HIGH DENSITY seasons.
And that's what happens when there's no money to pay wages with. It's a lose-lose situation.
Productivity in these three countries has been stagnant for decades. Add that to really restrictive hiring/firing regulations and you get this situation. The businesses have to squeeze their workers as much as they can to stay competitive, instead of just hiring more part-timers for the same amount of money
@@Aentium Productivity is not to blame imho: wages in Italy actually decreased in the past 20 years unlike other countries. Companies simply did not care to increase wages since manpower was so abundant (I started to work around 2005 and the refrain was: If you don't like our terms, there's plenty of candidates waiting outside and it was true) and laws in Italy incentivize companies to operate on a small scale (fewer employees means more tax breaks and incentives, exemption from inclusion laws, you name it).
@@azmodanpc One way or another, it is. One of the causes of the stagnation of productivity is the disincentives to big companies and the lack of meaningful competition. When you try to grow from a medium sized company to a big size company, you are hit with a lot of new regulations, creating a big amount of small and medium sized businesses (low productivity in general) and a small amount of big ones. That also partly explains the very low investment in research and development in southern Europe, as only big companies usually have the budget to allocate to risky research
@@Aentium Same companies that bitch and whine about "no one wanting to work anymore": they stay small to avoid taxes and exploit employees better, they don't train them because it's expensive and they fear they'll leave for a better company (or one that pays a bit more than minimum wage), young, educated people are moving abroad in higher numbers and these companies will have to increase their wages in order to hire anyone at all. Or close shop and stop whining they can't afford another Suv or boat. Either way, with people having fewer kids due to stagnating wages and skyrocketing costs of living, the endgame will be fast approaching. No wonder there's almost zero working expats in Italy.
Simple: why work if you can’t afford rent and bills?
Of course they stay with parents - even if they would work full time they wouldn’t be able to move out 😂😂
Young Europeans have to understand that cheap workforce benefits only corporations… While keeping wages stagnant and unliveable.
They would be able to move out. They just need to rent an apartment with other people too. Not occupy a 60m2 apartment for just 1 person. And with most people now not having a partner, many 30 year olds just choose to continue living with their parents. So this is the real reason. At least an important one. Of course, unemployment being high also causes people to indeed not being able to move out (because income = 0). I am from Greece btw.
As some other people said, employers are not hiring young professionals, because even with good education you lack practical skills. However when noone is willing to hire young people they can’t gain on the job experience needed to make them more desirable assets on the labor market.
Another issue is that a lot of companies are willing to hire immigrants who they can exploit instead of investing in training young people.
If this mentality where hiring young people is considered risk rather than investment, EU economy will suffer in the very near future.
It just shows how useless this so called education is
There are huge issues in the "Data & Context" section :
1:47 The data for Spain shows youth unemployment to be higher in the south, not the north; while the data for Italy is GDP per person, which isn't quite the same.
2:03 The data for Greece shows unemployment to be lowest in Attica and Cyclades.
30% of young people in Portugal have already left the country! It's depressing and makes me wonder what am I losing by remaining here...
As a Russian I can say
Be grateful for what you have
Me that have no been home for 3 years
I wish I eu passport
As a 29 years old italian, i’d say neither youth education or unemployment are the problems. Brain drainage is. Most of the talented people I know have worked or are working abroad, leaving the less educated ones in Italy and making it look like there’s a Higher youth unemployment. Young Italians are working, just not in Italy. They are working in better paying economies such as germany or even australia, or in better paying tax havens such ad Ireland or Swizerland.
And while Europe’s lamenting the low pil growth of Italy, they don’t seem to despise the inflow of skilled workers which helps with the lower PIL growth of Italy, causing high debt, high taxation and worst paying jobs.
It’s a runaway cycle that norther europe’s exploiting.
Places like Italy need to cut down on corruption and bureaucracy to make themselves more attractive to businesses. That's the main issue.
Socialist Paradise means Poverty. You want things to improve you have to vote for Capitalism.
@@albertinsinger7443ha-ha. Tell this to the people of UK. 13 years of capitalist driven Conservative Party with disastrous consequences.
@@albertinsinger7443 Capitalism : the ideal economic system that causes wages to nosedive.
@@milycome Capitalism has the lowest poverty rates in the world. Look at Capitalistic countries like Singapore. 3% poverty, Switzerland 6% poverty. Compare that to socialist countries. France 17% poverty, Venezuela 70-80% poverty.
As an Italian, I doubt I will return home after spending over 6 years abroad as an exchange student and volunteer, unless things will change on a scale never seen before. I'm currently working as Flight Attendant, and, for being an entry position, I find it much better than most jobs I could have found and applied for back home, usually post-graduate internships or seasonal jobs. Not to mention the anachronistic wage rate.
How sad that there is hardly a future for young people in Italy. I have some Italian friends and basically they are all pessimistic that anything will change anytime soon. None of them has plans to return.
Kinda in the same boat. Studied in the Netherlands and then Belgium (my family moved to Belgium before I was born). I thought about returning to Italy but the country economical prospects are so trash at the moment (and likely to remain so in the future) that I think I'll just go back and forth during Summer. Perfect country for vacation, worst country for work. I cannot count the number of nightmare stories I've heard from people in Italy about abuse at work or just outright illegal stuff.
@marten73 Every cloud has a silver lining, mate. We may spend most of our 20s or 30s far from home, but this will pay off in the long term. Mobility and cultural exchange have always been one of the most glaring weaknesses of my country. What our expat generation had to do, ironically, was something that should have already happened a few decades ago. Our society encouraged us to settle down and live our late years in the same country, as if any country abroad was to be avoided except for short-term stays. We will teach and encourage our children (if we have any) to follow our steps and keep their ties with both their homeland and whatever country they will be raised in.
A while back I meet a guy from Greece that moved to Scandinavia. I asked him why the hell he did that. I mean, why move from a warm and bright paradise to a dark and frozen hellhole? His reply was simple: There’s just no work or prospects for the future down there.
Was that ever a harsh reality check…
@@Red0543 Yeah nowhere I met so many young people with university degrees without job like in southern europe. When they were lucky they got job in restaurant.
Employers don't want to pay a fair wage and countries only want to help the corpos
Italian here. There is no labor shortage, there is a fair wage shortage. Also, the government heavily taxes businesses when they hire employees. The fact that Greece and Spain would rather introduce migrants to allow employers to comfortably maintain wages low as opposed to let the "free market" do its thing, is shameful. This of course will backfire because when young people can't work, they will miss their fertility window and not make babies, go on the real estate market ladder later or never, and save for retirement later or never. And surely invest later or never. And we know that the most violent and volatile societies are those with a lot of young men who are angry, feel cheated, and can't build families. These states WILL collapse, it's just a matter of time, this is unsustainable.
idk, sounds like the free market is working as intended to me. Everybody loves a discount, especially the employers. You think companies shouldn't be allowed to use the strength of the country currency to purchase cheap employee oversea ? Are you for communism or something ?
@@ZZWWYZ "Free market" is not changing the rules of the games as you're playing it so that it benefits you. Yes, I think that overseas employment is bad. Because this harms the local workers, and also harms the local consumers (because prices stay high anyway because of greed), while the employer can pocket the difference. It is also bad for the overseas workers, because the companies don't have their interests at heart and would move those jobs away in a heartbeat (look at China post covid). And employers think quarter to quarter and in an individualistic manner, they don't think about the consequences that their choices have to society, and this creates a tragedy fo the commons scenario. Capitalism has failed and society is falling apart because of it. We need a new economic system, ideally before AI is fully deployed at scale.
@@clipkut4979 why is it changing the rule of the game when it's everybody's game to go fot the cheapest option ?
@@ZZWWYZ The cheapest option is exploitation. I guarantee you that if it wasn't for government regulations the capitalists would still use child labor and slavery, because they're the "cheapest option". That's why capitalism is rotten at its core, and whatever economic output you get is actually meaningless, because it only benefits a tiny minority of people at the expense of everyone else in the supply chain.
@@ZZWWYZ The well being of the country and its citizen matters infinetely more than capitalist ideology, if companies are going against the national interest than sure "communist" measures have to be applied.
As a Spaniard living in the UK and working at a university I can say that higher education is way better in Spain than in the UK and university rankings are tailored to make private anglo-saxon universities rank higher than they should
It's a known fact. Uni rankings are based on stereotypes and tailored to benefit the English sphere. They dominate the economy so they dominate propaganda
Exacto. Es una cuestión de quien paga los ranking. La educación española es buena e infinitamente más dura que la británica. Les querría ver yo a ellos haciendo nuestros exámenes...
Well, at least we're less racist. African children in the UK do very well and are far more likely to go to university and get a good job. Compare that to Spain where there's rampant racism and rampant poverty amongst Africans.
@@jasonhaven7170 I blame Brexit.
How? Ethnic minorities are doing better since Brexit. @@gentlemanvontweed7147
The numbers regarding education level are influenced by immigration in those countries. For example, a lot of skilled workers with higher education diplomas are leaving Portugal looking for better jobs/wages/lives abroad in countries like, the Netherlands, Ireland, France, Germany, Luxembourg,...
Yep, the chances of finding a job in an area that requires education here are pretty low, the chances of finding that job and being paid a reasonable amount for the work you do and knowledge you possess are damn near 0
Big issue here in italy as well, mostly in the 3 big science brenches: medicine, biology and chemestry. Italian scientists and doctors are acknowledged as some of the best worldwide because of extreme adaptability and broad knowledge, yet almost none of them works in italy.
After 20+ years of various governments mistreating and eating off our sanitary system and research programs, new doctors get screwed in every way if they decide to stay here, they prefer to fly off to another country as soon as they have a degree.
@@serenaso4669 Kinda similar in Hungary, most Hungarian Scientist who won a Noble price had emigrated to the United States. That includes the Hungarian Woman who won the Noble Price in Medicine in 2023, she also had emigrated to the United States. For the past 100 years we produce brilliant people and then export them to the USA.
@@boomerix yep.
Please always add Y-axis numbers in your graphs, otherwise it's hard to compare the numbers! for example at 1:10, 3:02, 5:11 and at 6:54 we have no way of knowing if the difference between the all of those bars is 0.00005% or 10% or 30%? if the Y-axis goes from 30% to 31% then even if all of them are at 30,something % it looks like there is a big disparity when they're all the same in reality. or vice-versa.
One remark concerning education in southern European countries: Young southern Europeans are highly educated. The data you presented in the video include adults who were born and educated during right-wing dictatorships (eg, Franco and Salazar) in which keeping the population uneducated was a major aspect of keeping control of the countries. Therefore, we are forgetting that these countries had dictatorships since the 30s until 1975, whereas northern Europeans countries had democratic systems, burdening southern countries with several decades of delay in technological development and population welfare and education.
Yeah but so are the Northern Europeans and they speak more languages fluently. There is no good being 'highly educated' in Spain for it to translate into nothing.
For instance, if you are a highly qualified medical doctor in Spain are you going to be able to jump on a flight and start working in U.S, China, Japan, or Germany the next week? No. Have to redo some if not all education. Because the education is not recognized. The most successful immigrants to the U.S are Indians. Also the richest. The Irish, British, Germans, Koreans, Chinese, Japanese, Russian, Polish the list goes on...have all done better than the Spanish.
Well, you must be Spanish since it's quite difficult to understand what you are saying 😂
Talking about northern italy, there's another thing to say. It's difficult to study and graduate when you know that after at least 6 years of pain for bachelor and master's degree (in engineering) you can find only two paths available: entering the job market at 1300 euro/month (if you're lucky, cause most of us are paid less than 1k €/month) and hoping in 1500 euro/month after 5-10 years experience, or continue with a PhD to be even less paid for other 5-10 years.
All of that while most of your friends which decided not to study in uni are working from years now gaining at least 1800 €/month selling ice-cream or driving for amazon, and now they're all buying a house and building their life while you hope to do this after your 40s.
I don't know you, but in this situation it's understandable why most young italians decide not to study in uni
How cheap are houses in Italy if your friends can afford to buy one by selling ice creams?
Come on that's not true, I also have a degree in engineering and, while salaries are lower than in the rest of Europe, you can easily start with between 1400 and 1700, less than 1000 at most for 6 months, generally, and even a phd at polito (i know elsewhere is lower though) a phd is 1300-1400. I'm not saying it's good, but it's better than what you described. And 1500 after 5-10 years I really hope not (I'm not there yet)
È chiaro ormai che se decidi di fare l'università (indirizzi sensati ovviamente) l'unica strada è emigrare, già dieci anni fa il mito che "laurati che trovi un bel lavoro qua" scricchiolava, adesso è al livello di una barzelletta molto grottesca. Poi quali driver amazon conosci che prendono 1800? Con quelli che ho incrociato il massimo che ho sentito è 1600 se va bene (che in ogni caso è sempre troppo poco per il carico di lavoro che hanno)
One college/university degree isn’t enough anymore for a well paying job. Unless you have connections. If not, welp get used to being offered minimum wage.
Why did you just plainly ignore Sweden? It has higher numbers than Italy and is the perfect counter-example to show that this is not just a southern european problem...
yeah the problem is popping up in majority of the EU
Doesn't fit the narrative. Its an immigration problem from creepy muslim countries
Wait! Does Sweden also have a youth unemployment problem? Man, that’s really something I wasn’t expecting to read.
@@sickandtired1994 same. Im thinking its due to the immigrant population in the suburbs due to how poorly immigrants were integrated into swedish society
The Swedish unemployment statistics uses the numbers of youth that don’t have work (not paying tax), thus students are counted as unemployed in the Swedish statistics. There is a lot of students in Sweden. The real number is 6.6% 12% or 14,1% or 23,9 % depending on what groups you include. Living in Sweden with 4 kids aged 15-23, I don’t see any huge unemployment.
EU sending more money won't fix the problem if the system stays the same, it will just delay it
How much of the money get stolen? Never goes to the poor or where it should go. It's all Projekts - paid and maybe someone get half the money back?
It takes a privileged person to think throwing cash at the issue will solve anything. And I suppose they expect the rest of us to contribute with the money we don't have.
I'm from Portugal, my first job was 3 years ago, and the company I work for is always looking for people in all positions, in the office, in the workshop.
I keep seeing job postings everywhere, at coffe shops, at the gas station, in billboards, in youtube and Insta adds. The problem is not lack of jobs, the problem is fair compensation or at least enough salary to pay for a house.
Those jobs are now being filled with immigrants from Asia and Africa.
Funny example, i live in Poland as a Belgian, a i was truly astonished when i met young people from countries such as Spain, Greece or even Italy, working in Poland 🤯
You may have forgotten the amount of unregulated work being done in these countries, which may be added to either of the sections you split the report up.
another reason is that a lot of people are studying careers that don't have job opportunities or the market is very limited
What you said about education in Portugal is a result of emigration, half of the university educated between the age of 18-35 have emigrated. The rest Will eventually leave too. The non educated dont work because 700 euros per month wont ever pay 250k euro shitty apartment. And renting a appartment in Lisbon is more expensive (in absolute terms) than everywhere else. The youth is starting to give up.
Emigration can indeed have significant consequences for a country, particularly when a large proportion of highly educated individuals choose to leave. Brain drain, as it is often referred to, can result in a shortage of skilled labor and a loss of talent and expertise in key sectors. This can have long-term implications for economic growth and development.
The factors that drive emigration are multifaceted and can include a lack of job opportunities, low wages, limited career development prospects, or a desire for a better quality of life elsewhere. These factors, combined with the cost of living, particularly in major cities like Lisbon, can contribute to difficulties in attracting and retaining skilled workers.
Affordable housing is an issue that affects many cities globally, including Lisbon. Rising rental prices can make it challenging for individuals, especially those with lower incomes, to find suitable and affordable accommodation. This can impact the overall well-being and financial stability of individuals, particularly the younger generation.
Addressing these challenges requires a multi-faceted approach. Governments, together with relevant stakeholders, can work towards creating better job opportunities, promoting career development, and fostering an environment that retains skilled workers. Policies aimed at improving housing affordability and accessibility can also help alleviate some of the burdens faced by individuals, especially the youth.
Furthermore, investing in education and skill development is crucial for equipping individuals with the necessary qualifications and capabilities to succeed in the labor market, while also encouraging them to stay and contribute to the country's progress. Enhancing educational opportunities, supporting entrepreneurship, and fostering innovation can all play a role in creating a more attractive environment for young people.
I live in the UK, not even a southern state, and the situation is pretty much the same. My company has put a current ban on recruitment and is only hiring temporary workers or workers through agency. Youth unemployment will continue to be low everywhere if there are no employers who want to hire and provide any sort of benefits with that.
Its pretty much the same story in a lot of EU countries. Not just Southern Europe
Hiring costs are fucking insane in italy.
For a pay of 1000€ (round number for example) the emplyer has to pay at least that in taxes and other shit, so even if you do have maybe money to hire someone and pay them many businesses don't have DOUBLE that to pay for everything else surrounding that.
It will get worse as the population gets older and doesn't grow
You are supporting your elderly and making sure everyone has "free" healthcare. It's called solidarity. Enjoy!
Let’s not forget about the role of Germany; with years of inflation below the 2% target, prices of German products and services did not rise as much as those in other EU countries, leading to deindustrialization in those states, also creating structural unemployment.
Yeah, a fiscal union will be a disaster. The economies are too different.
But Germany does not make (and cannot make) monetary policy. The ECB does this. And also, why was inflation bigger in the other countries (France, Italy, Spain) than Germany back then?
Yes, they cannot control the ECB directly; I was referring to the fact, that Germany has kept their inflation too low by vastly increasing their low-pay wage sector and minimizing cost for their industry (on the backs of the rest of Europe)
@@h4tchery so Germany did nothing bad. Why didn't other countries just do the same?
And what exactly did Germany do? Because I did not quite understand it.
@@tomorrowneverdies567 Say Germany still had DM, it would be much stronger than say Italian currency, hence the German products would be relatively more expensive than Italian ones, so more Italian and less German products would be sold. Obviously German manufacturing is more efficient in general, but the currency rate would partially equalize this difference. With Euro, the Germans could destroy all competition and the less efficient economies in southern Europe had no way to protect their companies.
Because they don't want to leave their countries.Also the single market is not that efficient in real life as it is on paper. There are a lot of high social & cultural barriers. You can easily switch between countries on paper but each country has its own identity.
7:05 that's a super weird point, of course they live with their parents if they can't find a job, I know people that apply to jobs that they would have to move to start, but of course they're not going to start burning money to move to a place before finding a job there, what do you mean?
Been living in Italy for 5 months and being a professional with experience in the biggest consulting firm in the world, I can’t explain how stupid, brute, and insulting were the bosses I had here, all adding up on working without a contract. And finding a job inside a company that hires you with a contract? Months of interviews. I’m on several at the moment.
Young people are really getting fucked by the old people that don’t want to change, it’s just that. The laws won’t change because people don’t want to change. I’m currently looking into other places to live. Also I do speak Italian, and my family comes from Italy, so it’s not a cultural issue. Mostly people are really good to me, but when it comes to work, it’s reaaaaally bad
I wanted to live and work here but after trying for almost half a year, with all of my preparation, it’s just a lot of work for some dimes. I’ll endure the cold and go north, at least for some years.
Because your need 10 years experience for every entry level job 🙄
There is always a small problem (or maybe I'm just ignorant towards this subject) with these unemployement maps - they exclude people who, for one reason or another, legitimately can't find work. Great example is in my country Lithuania - currently I am a student and my time is divided between my studies and my mandatory practice. Usually my day consists of being busy with the aforementioned activities for 10-12 hours. However, since my mandatory practice is practice, I am not being paid. This applies exclusively to people who are doing their practice in Uni, and trust me, there are a lot of them. This is why I wrote that maybe I'm ignorant, because I'm not 100% certain, but I believe that people who have a similar situation to mine, are considered unemployed, thus skewing the data.
I don't think such persons count as unemployed by your national statistical agency.
Also from Lithuania, but I finished degree in niche field and am disabled. So I'm badically stuck in tiny field or in minimum wage job. National employment agency has been useless.
1:50 the graph (for Spain) literally shows the opposite of what you’re saying.
TL;DR's a good channel, but boy is it clear in how many little errors there are in near every video that they shit their content out as fast as possible with little to no review.
Should have said employment rather than unemployment.
Ranking high internationally = getting a job in Italy? Ok LOL
Unemployment in Italy is high because the country's economic prospects are low. Economy is slow and decades behind. As simple as that and many papers and studies confirm it.
Another problem, in Spain, are the high taxes you have to pay if you decide to be a business owner, or to go freelance. Until the taxation goes down, there won't be so many new jobs popping up.
Italy has a bureaucracy issue, where it takes a very long time to get a business started, with some sectors seeing years before getting the permits to open.
In Portugal, if you decide to pay someone minimum wage (about 750 euros), with taxes you end up paying about 1000 euros which is absurd.
@@multidavid7473 would be cool if you paid less in taxes if you pay the workers more, not enforcing but encouraging fair pay for work done.
That would make sense, but given we have such absurd taxes such as a 50% one on any home sales, our government seems to be a really big fan of just taking money away from people to give to others or to use in dumb projects.@@rmmvw
Won't change, EU loves tax
Taxation policies play a significant role in shaping the business environment. High taxes can discourage entrepreneurship and hinder the expansion of existing businesses, as they reduce the financial resources available for investment, hiring, and innovation. It is essential for governments to strike a balance between generating revenue for public services and creating a favorable environment for business growth.
I’m from north of Italy , there are a plenty of jobs , I really can find a job in one days (as a young person, for older one is another story ) , but the problem are that few of them offer vivable wages which can afford to live alone.
It depends on the productivity of the job. If the jobs only requires low level skills then what do you expect? You can't pretend of doing the same job of your grandfather but living with the same wage.
@@lore00star yes i agree with that in part. We should consider that a job should permit a person to maintain theirselves…. Without it the society it will be divided in poor and rich. Nowadays also with high skilled work you struggle with the daily expense , soo you cant be so blind.
@@lore00stari am an engineer in northern Italy....... wages are low for everyone here......
@@Doge811what do you mean by low? 2000,2500,3000 euros
@@pietro5856oh man as a Russian
U wish to have your problem
Like seriously you are so so ungrateful
I have not been at home for 3 years
And that give me lots of problems
What Southern Europe, and for the matter all of Europe suffers from is death by a thousand regulations. European bureaucrats think they can legislate and regulate themselves into success, which has been repudiated by the fact that young Europeans leave the continent all together and the Eurocrats need to make up by importing vast swaths of totally foreign populations to make up for that deficit in population causing the destruction of social cohesion (Which is fundamental to a successful nation) further opening the "wound" and causing more migration out of Europe into America. As America's relations with China worsen and America chooses to reindustrialize and nearshore, I see a scenario close to that of the immigration America saw in the 1920s.
@@Besthinktwice 1. I'm not just talking about regulations concerning employment I'm also talking about regulations on food, commodities, energy, housing ect.
If I wanted to speak on just job regulations I would have just written that down and not use such general language. People do not factor these things, these concepts when talking about the life of the average person these things compound to make life easier or harder. Thats to what I'm speaking to when I say "Death by a thousand regulations."
2. You are just talking about German immigration, Germans came to America in the 1890s-1900s, in the 1920s it was predominantly Italian immigration. I don't understand why you brought up just Germans. This phenomena will reveal itself to be true or false in the future. Young Europeans (I'm thinking Gen Z) are just barely entering the workforce and I doubt every individual has the money to uproot themselves and transplant to America as of now.
3. Yes, Indeed the standards of living in Europe are indeed better I cannot contend that fact, but for how long? How long will they be better with the threat of Russia forcing countries to prioritize their Armies instead of social programs and infrastructure while losing the key demographic of Soldier-Tax payers by the fact that these people are not being born. Do you think economic migrants will fight your battles? I want you Bestthinktwice to understand that the main reason why the US does not spend its seemingly unending wealth on social programs and infrastructure (Which it does to some point but is not as effective as in Europe) is because it spends the vast majority on its armed forces that have bases around the world built to contain Russia and other threats to the West's interests. Which provided security to Europe outside of NATO, which gave confidence to European nations to put money into social benefits at the cost of a readied armed forces. I have read and heard many horror stories about how incompetent the Bundeswehr has become and some of those stories came from English-speaking personalities on this platform who did their time at the Bundeswehr. Food for thought.
In addition: America has the biggest navy in the world, It has the world's 1st, 2nd, 4th, 5th largest airforce and its all levied in the service of keeping world trade stable, that benefits Europe because it doesn't require every country in Europe on spend billions to patrolling its sea-lanes. America flips the bill. Thats why Europe has high standards of living. Europeans are living frankly off of America's tax paying public, unknowingly. That is a bitter pill to swallow.
In the words of Urban poet Marshall Bruce Mathers III. "Snap back to reality."
I often question these unemployment statistics, because it's too easy for a country to change the numbers. To be counted as unemployed, you must be registered at the respective government agency. But they can easily unregister you (usually as a penalty for lacking motivation) and give you a specific amount of time for which you can't reregister.
And yet older folk still ask why do so many youngsters turn to social media for money.
Also lets not forget the rise of AI in the workforce
100% main reason is that young people do not have the experience of senior people. The other problem is that sectors contract and expand and if your sector is bad and you went to Uni for it and no one is hiring (huge redundancies in tech now) then it's not likely for you to get employment. Often hiring managers do not understand transferable skill-sets and payment is incredibly low even if you're experienced. So they want you to have experience in their sector BEFORE you're hired. They want 1-2 years' experience for level-entry jobs. This is ridiculous.
Having worked in Spain for many years I find it strange when you mentioned “ strict regulations “ in the job market . That may have been true over 40 years ago but the labour market is much more flexible now . Of course companies will always complain until they have “despido libre “ ( hiring and firing for free ) . Perhaps you have to do some in-depth research even for a short video ?
People work for cash in hand in Croatia (at least) and don't pay taxes
Here in the US lots of the youth here is extremely pessimistic about everything in the future. We might have low unemployment. But most jobs we can get dont pay well and we live paycheck to paycheck or require roomates.
Been looking into finally moving out but a 30k year electrican apprentice job just doesn't let me. Im not at all remarkable here and the majority of everyone I know of my age cannot afford the live by themselves.
My mother could afford a 40k town house making less than 15 a hour 30 years ago. Townhouses today are 200k in the same area.
Year after year it is very obvious to us our lives and futures are going to be terrible. Every older person always tells me how happy they are to have been born when they were and how absolutely screwed we are.
No matter where I look, be it here, Canada, Europe, or the countries of East Asia entire generations are very pessimistic and mental health is in free fall. The system just feels so broken. It work for a while but like every system in all of human history it will break and something new will replace it. I just wonder what it is.
Then, leave the coastal cities
Journeymen Electricians in the Northwest where I live earn around 55$ in hour or over 100k a year, many veteran electricians earn 150K or more. The problem I see is you expect to be successful overnight, it takes a little time, in just 4 short years you will be earning a very respectable income.
@@SmokestackOG I don't and never have live in a coastal city? You probably never even heard of my inland city. I wouldn't even say I live in a city now that I think.
@@shanejones8192 I doubt working for 4 years will actually get me much further. I have been working for 5 years now. Still don't got much to show for it despite constant saving.
I doubt I will stay will Electrician work. The main Electricians make 22 a hour and have 20 years experience. It's a unsafe low paying job. My first job was also blue collared and sucked. My HS pushed blue collared a lot. Never thought why these jobs struggle to attract younger people. Little money and life altering health effects. Everyone I meet in these jobs who has been with it for a while has bad health issues. Just not worth the risk.
Before this job I was job hunting for a while. Nearly all jobs I found pay less than 20. So about 40k....when the average income in the US is 70 or 80 now I believe? Average new car is 50k. Houses in my area start at 200k.
Saw signs today saying "Sick of renting?"
Have 40k down payment and pay 3000 a month.
Why should I ever hope for a better future. I've been working for 5 years and have gotten nowhere. I have savings but it will evaporate if I lived on my own. Life will only get worst. That's just a fact.
Totally agree. Although, commonly in the U.S compared to Europe is people choose to live in expensive places not based on necessity. For instance, you could live in Missouri for $500 a month but who does? yeh. In Europe there is even less choice.
Classic move from Meloni's government. Prioritize short term gains to boost political popularity and power, then when everything eventually comes crashing down in the long term, find a different issue to blame it on and move on.
As long as people keep voting for whoever screams the loudest and gives the biggest gains in the shortest term, we're never going to get through any of these issues.
You can see this all over Europe. This is the result of sensationalisation of politics. We Europeans don't seem to be learning our lessons from our best friends in the UK, our political situations seem to be marching in exactly the same direction that the UK's was in the early 2010s, intensely shallow nationalism and surface-level societal reforms. We really don't seem to grasp that we are inherently and fundamentally quite different from Britain or America and have many different problems. (Yes I'm in fact generalizing the entire mainland Europe because our political belief systems are quite similar wanna admit it or not)
Stupid people elect shitty leaders.
Problem is most people are short term thinkers
Italy had this problem since we joined the euro zone. What is your solution? And the EU should stop signing trade deal with third world countries with cheap labour.
Melony is probably the best that could have happened to Europe in a long time. Soon Germany will flip, the Netherlands already did, Poland and Hungary have been awake for a long time. It's only a matter of time. Some real pragmatists are needed for change. Argentina get's it, hopefully developed Europe will do so as well soon.
Unemployment rates in Spain and Italy are higher in the south, not the north
I'm from Slovenia. When I firs look for work, everyone looked for people with several years of experience. They expected that you know everything about work you are taking. Many young did not have any experience at all and are by definition unemployable.
On the other hand, many of my friends are also very lazy.
Recently I returned to Slovenia for holidays and they are still unemployed.
Funny how Africans in the UK are doing better.
Honestly? For Spain at least.... Most of what I heard here is what I hear the CEOE (Spanish Confederation of Business Organizations) lobbies to increase their benefits while everyone under 45 looks at them saying "In what planet is that the reality???"
A lot of it can be fact checked and compared to other countries in the EU and it falls apart.
high taxes, high welfare, no housing, bureaucracy -> high unemployment
Yep! For me its taxes, taxes, taxes and a ridiculous amount of bureaucracy. Europe is still very feudal in many ways.
@@Besthinktwice Sweden does have this problem, but it is not because of taxes. It’s mainly because of mass migration and the lack of low skilled jobs. The people above have no idea what they are talking about.
You need to look beyond the data. In Spain many people work with hour contracts, under the table. That way the businesses and employee do not have to pay taxes. I live in Southern Spain. Most business,especially restaurants and bars can’t find enough workers. The data doesn’t take into effect all these people working without contracts.
Same in italy. More over, northen europe registers as employed people who are getting government money but enroled in some social work scheme.
Interesting
To be honest, I don't think you're right when saying that Spain has lower education. Most people that are jobless, specially young people like me, have one (even two) university degrees. However, there is simply too many people applying for a job and companies ask for experience that we don't have. The solution is clear: Spanish politicians don't care, so we'll move out of our beloved country until they are aware that there will be no young people anymore.
Because their government and unions have the wrong mentality.The government should creat jobs and Unions should protect wages but instead they just protect already existing jobs with regulations and government subsidies.
High rates of youth unemployment in southern Europe long predates the financial crisis. It is far more deeply entrenched than suggested here
As I always say, you cannot make your economy only based on the sun (tourism, hospitality) and construction. That has been the Spanish labor market for years, and no government, regardless of the political spectrum, wants to change it.
Ya tourism is just minimum wage jobs that to make it worse are seasonal. The workers usually have to be on government benefits for at least part of the year. Thats why I don't want tourism or tourists in my country.
I'm a small business owner from Spain. Here is my take:
The government has raised the minimum wage by 50% in about 3 years. This is aimed at "helping out young people", but it's done the opposite. Minimum wage workers used to cost 1400 euros per month (factoring in healthcare, vacations and materials), and now cost over 2000 euros. The question is: *Can you produce more than 2000 euros per month for me?* - And the answer is unfortunately no.
We used to have a tax exemption to hire young people, where they'd pardon 50% of our taxes on the first year. This brought the cost of a junior to a level where you could manage hiring one and taking the 3-4 month hit before they started actually making you more than you spent on them. That's gone now as well.
Usually, a senior produces x3 as much as a junior does. And they used to cost x3 as much. Because of the massive minimum wage boost, now they cost x2 as much, so I'm not wasting my time with juniors. It's inconvenient, because I can only grow in "big chunks", hiring seniors, as opposed to before, where I could grow one junior at a time and hiring seniors only when a big project came through. But there's ways around it and its bearable to stay afloat for now.
Anyway, I'm sorry for young people, but you're no longer employable. Thank the vicepresidency for it, and remember to keep voting for those people. It is us, the business owners, who are your enemy. We don't have a bank account to balance, we all have infinite money! And we pay you whatever we want, not what we can, of course!
Qué triste que aún así lo que se incentiva es depender del las pagas del gobierno. Parece que lo que quieren es que estemos en tanta miseria que los sigamos votando para que nos den las migajas… el objetivo es destruir el emprendimiento y la independencia de la gente. Un auténtico engaño que muchos españoles siguen creyendo.
I'm not listening to some capitalist.
Europe has completely lost its marbles when it comes to the economy. They need to start colonizing again it seems.
A great take indeed. To offer a slightly different perspective, young people in Central/Eastern Europe may not struggle with unemployment that much on paper. However, what is becoming a significant issue are the rising living costs and the inaccessibility of housing. While living costs are fully on par with "older" Western democracies, wages are still only a fraction of the "Western" average. As a result, the Czechs or Slovaks need more than 13 average yearly salaries to buy their own housing, as opposed to the UK's 7, or Belgium's 4 yearly annual salaries... What's more, the problem is unfortunately getting worse.
You've brought up an important perspective regarding the rising living costs and inaccessibility of housing in Central/Eastern Europe, despite relatively low unemployment rates. This situation poses challenges for young people in terms of affordability and their ability to secure suitable housing.
The issue you mentioned is not unique to Central/Eastern Europe, as housing affordability has become a concern in many regions globally. Rapid urbanization, population growth, and limited housing supply can contribute to increasing housing prices, making it harder for individuals, particularly the younger generation, to afford their own homes or find affordable rental options.
While living costs in Central/Eastern Europe may have caught up with older Western democracies, wages have not necessarily grown at the same pace. This wage-to-housing price disparity can make it more difficult for individuals to save for a down payment or qualify for a mortgage, resulting in a longer timeframe to acquire their own housing or resorting to other housing solutions.
Addressing the challenges of housing affordability and accessibility requires a multi-faceted approach. Governments and policymakers can explore various strategies to increase the housing supply, such as promoting urban development, incentivizing construction, or offering affordable housing initiatives. Additionally, measures focused on increasing wages and improving income distribution can help individuals keep pace with housing costs and improve their financial stability.
It is also important to consider the role of financial institutions in providing accessible financing options and tailored mortgage products that meet the needs of young people and individuals with lower incomes. Collaboration between government, private sector entities, and housing associations can lead to innovative solutions, such as cooperative housing models or shared ownership schemes, to make homeownership more attainable.
Furthermore, efforts to enhance rental market regulations and tenant protections can provide more stability and affordability in the rental sector, offering alternatives for those who cannot afford to buy their own homes.
Sustained efforts and long-term strategies are required to tackle the issue of housing affordability and ensure that young people can access suitable housing options that meet their needs and aspirations.
What? Living with their parents for longer makes it hard to find a job?
How do you gtfo in the first place if you don't have a job? :|
I have questions about the way you present data and conclusions.
I have so many questions now.
Many in southern europe leach of their parents and since they often own the house they just wait for inheritance
Interesting. Great video
I haven’t watched the entire video yet but in Sweden a large part is that a lot of low skill and entry level jobs have very stiff competition. We have a lot of young immigrant men here especially in major cities and you’re allowed to pay them less for some reason. There’s simply not enough entry level jobs to go around here. However we do have sectors where we need more people too, like nursing and education, but those aren’t entry level jobs so…
I was wondering how come we were being lit up with such shiny and bright colors, only for the video to completely ignore Sweden and focus on the South... thanks for the context.
I honestly hope that another video goes into why Sweden and Finland have such high unemployment rates because I was curious. I appreciate you explaining it a bit. As an outsider we often hear of the problems of southern Europe, but usually the Germanic speaking (plus Finland) northern and central European countries are painted as utopias that we all need to copy in every way. So the high unemployment numbers for Sweden and Finland came as a surprise.
If you were able to pay them less than minimum wage, natives would NEVER get hired , you say that as if being able to pay then less would be a good thing
@@Makalon102 no I think it’s a problem actually. And it’s true you sometimes get people working in stores and restaurants who don’t even know basic Swedish because businesses can pay them less. I don’t remember the term, but there’s a programme for getting people who came here recently into the workforce and to incentivise hiring them despite them being less qualified and having poor language skills, you can pay them less. Proponents say that it evens out because racist employees will refuse to hire people with foreign sounding names but idk… it’s a weird system the libertarian-ish right wing party here implemented when they were in charge about one and a half decades ago or so
I'm a teacher, and I wouldn't mind moving to Sweden, lol. I'm gonna have to look into that. What are the requirements?
Wait, there is a major issue with youth unemployment, but in some of those countries they are passing bills to allow illegal or temporary workers to fill jobs? Maybe they should push those unemployed youth to fill them while they look for other roles. That should have been part of the "attitude" part, if there is labour shortages, and youth unemployment, clearly something isn't working.
Family isn't working. the Children were raised poorly, became poorly behaved adults, therefore companies prefer migrant workers who came from better families or temporary workers who they can get rid of.
It's cheaper for the companies to import poor workers from Asia then it is to employ a national usually because of the expected pay which is a lot lower for the migrant worker; the expectation I mean
Funny how the UK has a lot youth unemployment rate despite high immigration.
In Greece and Spain, I think a major issue is, strangely, easy access to higher education.
No one wants to take blue-collar jobs, and if they can’t get an office job, they leave to find a job in the EU or US. You even said there are 400k tourism vacancies.
The problem with "tourism" vacancies (and agricultural work) is that for most they are seasonal - only a small core are employed all year round - these jobs are minimum wage or a bit better but the employee only gets a contract between April and October. They're then scrabbling around from November through April looking for jobs. Agriculture is even more short term. In Andalusia where I live this depresses average wages in the statistics - not because the workers earn less but because they are only earning for half the year. The other problem we had last year was that, due to the increase in tourist letting, it's harder for the temporary workers in the tourist sector to find cheap accommodation (it's not just the inhabitants of Malaga, Marbella etc serving your drinks but people from Castile etc too).
This is kinked to mobility and housing. I'm lucky having a "good" job but I'm surrounded by friends who have to turn down or quit jobs because there's nothing to rent or by close to the cities where jobs are and remote working is something that most companies or the government seems to be against (ignoring the obvious benefits for the environment, productivity and mental health that provides)
2:22 Yeah sure mate, blame it on that. Employers dont want to risk it by trying to give the younger folk a chance, they want people with experience, but what happens when all the experience is gone? You have a willing group of people arbitrarily denied work and growing in number. If you cant find experience, Teach it!. Its the employers obligation to teach people who lack experience.
No it isn't. Workers need to actively participate to gain experience. No one will give it to you.
You cant gain experience out of thin air, you would have needed to have worked before you even applied for said work, its a catch 22.@@zuzanazuscinova5209
Curious how you quote workplace regulation as a major reason. Germany has one of the most 'critized' high employee friendly regulations typically (at least every employer complains on how hard it is to fire people) while the unemployment rate in Germany is so low (even if it increased a bit)
I don't think deregulation in the labor market and reducing job safety measures is the way to increase employment *shrug*
Is crazy how everything goes all full circle
Cuz we are useless - as my parents, then teachers, then professors ever told me 😅
Could you publish some of this “green economy” and “green energy” sector numbers? I am curious of their true size and impact on the economies of the EU.
Collapsing families and the oldies will complain about their pensions whil sitting on £££ real estate
You'd think they'd realize their pensions are also at risk in this economy. You know, old age wisdom and all...🙄😑
In the US, we can’t even give away a job right now. I don’t understand how Europe is having such problems? Is there an additional explainer?
Low competitiveness. No business wants to operate there = high unemployment.
In Italy there's also a poor job culture at HR and managerial levels, they created a loop within companies where their poor hiring practices where no matter how hard you work you still get the same amount of money, thus companies' profits stagnate and no investments or training are made to save money. Do this for thirty years while inflation rises at shock level and there's little you can do to move away from this trap except increasing salaries to decent EU standards.
The lowest employment rates for 15-24 year olds? Can 15 year olds legally work?
Also stuck out to me, they've got weird laws over there, have you seen the age of consent in some of those countries?!
Must be the metric system😂
@@B-I-G-N-A-S-T-Y 14 in Italy 🤢
In Portugal you can't, but for example in the netherlands you can, you get a lower wage, i think they call it youth wage and it increases to a regular wage at like 20/21 if i'm not wrong. This is mostly intended for summer jobs i think, also there's some rules like it can't mess with their school attendance and stuff like that
In some countries they can
Yes they can work, and there are child actors in the US as well idk why people think it's weird. From 14 you can legally work, often apprenticeship while in school, but the vast majority of youngs stay in school fully until at least 18. Not sure what sexual consent is doing in a work related discussion though.
In my sector, gamedev, there's a lot of decent oportunities. You have to have an overqualified portfolio and such, but there's good money to be made. Problem is that unless the company you work for has a place in Spain to get a contract made, up to half the money you make is gonna go away in taxation. It's insanely expensive to be a freelacer or business owner, since you have to be paying religiously since day 1.
I'd really rather not have to leave my country but I'm afraid I won't have a future if I stay. My options are to be taxed to hell and back or leave for greener pastures.
It is many people who work for companies don't usually pay much attention. In Spain, a contract of 30.000€ gross salary is costing like 40-45k to employer, this is not including any work related costs. For 40-45k paid by the employer, employee only receives like 20k, the rest goes to taxes and social security contributions. I assume this all has to be swallowed by the freelancer in their cases. Huge social security contribution is one of the main reasons why companies pay less in Spain compared to some other EU countries.
I wonder how this compares to say, UK. I assume UK is a lower social security contribution yet they have crumbling public healthcare services (saying this as a Brit living in Spain).
Good article but I am always concerned when the US unemployment statistics are used in comparison without qualification, since the US calculates their unemployment differently and will normally have much lower rates of unemployment.
The United States indeed employs a different methodology for calculating unemployment compared to many other countries. The U.S. Bureau of Labor Statistics (BLS) uses the concept of "U3 unemployment," which measures the percentage of the civilian labor force that is actively seeking employment but unable to find it. This measurement does not include individuals who are not actively seeking work or those who have given up looking for employment.
Main difference is that Europe includes job seekers between the ages of 15-74 while the US includes 16+. If anything, the US has an inflated unemployment rate by comparison which makes this more concerning.
Καλησπέρα... What exactly are the "strict regulations" in Greece? Seriously, citation needed, because the people living in this country would beg to differ
One point from the video that I don't fully get: so there's low education in those countries, so the resulting labour pool has lesser qualifications (5:43). Yet there is a shortage of labour for these exact same positions, which the governments are seeking to fill with foreigners (6:37). Why don't the young people in these countries fill these jobs then?
My guess its probably cheaper to use foreign workers.
Funny how the UK has a lot youth unemployment rate despite high immigration.
Funny how the UK has a lot youth unemployment rate despite high immigration.@@swedichboy1000
Another reason: the importation of cheap labour by bringing in irregular migrants and 3rd country nationals undercut younger jobseekers by simply asking for a lower salary and sometimes even not paying income tax when they haven't yet received their permit.
@@BesthinktwiceThey do in sectors such as tourism, which the south of Europe has a lot of.
@@Besthinktwice It's not that locals didn't want to do it, my family do those jobs and tbh a lot of picking now broccoli for example the farm equipment can not only pick but also wrap to go straight to supermarket here in UK, workers are still coming and Ukrainians also after Brexit.
@@Besthinktwice We have different experiences.
I would be happy to pay more for things, if that means workers also get an increased salary. It's my belief that using cheap immigrant labour is a form of exploitation since those people live in terrible precarious conditions. If a business can't pay living wages, maybe it should not exist. The reason europeans don't want to work in agriculture is because it doesn't pay enough, although it's one of the most valuable sectors. The problem is that in the current economy value is disconected from pay, and the immigration system creates a positive feedback loop to keep things that way.
@@Besthinktwice I don't mind if I pay more at restaurants to have a server that isn't being exploited. The EU loves to complain about the Saudis for having what can be considered modern slave labour but ignore the fact that they're letting it happen in their own countries
@@Besthinktwicemigrants don't work only in agriculture you know.... And no one dig up potatoes a machine does that
You have to be careful how unemployment numbers are calculated.
For example, in the UK, you could be unemployed but on a job program or collage course and be classed as employed, but are still being supported by the unemployment benefits, so a burden to the system, I don't know what the state of that is in the UK at the moment, but I do remember years ago that this happened a lot, which gives the wrong impression on what the unemployment numbers actually are, it wouldn't surprise me if this happens in the US to make the numbers look good, but this doesn't actually solve the problem of unemployment and getting people in the work, it's shifting the problem.
I can't say for European countries in how they calculate these things, but maybe some are being more honest about the numbers.
I completly understand young people. Why should a young guy care for its society, community , elderly, girls, country if the employed people dont care even to help newly graduates when entering workforce
For Greece, the unemployment aid is higher than the lower wage, so there isn't really any advantage to seek a job if you re able to get they unemployment aid. Also young people with universities degrees are unwilling to do job unrelated to their studies like wall painting, babysitting, or working in farms during harvest periods even for the meantime until they find job, and this is why (illegal) immigrants find a gap to fill when they come.
Job hunting was a nightmare. If you don't have both on the job experience and university degree, you're crewed. I feel, that we need to demand more from companies, that are making the profits in our economies. Youth unemployment is fertile grounds for general unemployment down the line, so, what I'd like to see, would be a tax on unemployment. Say 5% of company turnover per each whole percentage point of difference between general unemployment and youth unemployment...
But on a grander scale, Europe needs to reevaluate its goals. Environmentalism had taken away great many jobs in material refining and product manufacturing, which were typically fields, which could take anybody and paid reasonably well, because these are uggly and dirty industries.
I know how you feel, and having worked for a while, it's astonishing how many positions could be filled if 6-12 months of training were required instead of 5-6 years of studying for a degree lol
TLDR talks about unemployment in southern Europe and blatantly ignores its own charts where Sweden comes soon before Italy and Finland and France soon after.
There is something that you cannot grasp as an anglosaxon, and that is cultural diferences. the south is more catholic - mediterranean and family oriented and the north is more protestant and self-centered.
As the AI progresses, the situation worsens...
As far Italy goes our debt is issue n.1 the problem lies in pubblic spending in the sense that when we do pubblic works of any kind we pay 2 or 3 times more then every one else because of corpartive and ultra liberistic tactics (sometimes even criminality). How ever in private sector we got high level of tax fraud registerd (7/10 for every "partita iva" ). By the way we've got goverments that like doing debts (and its high), and mediocre politician that don't care about the strategic need of the country ( especially on the right wing). We got no industrial plans....and we got the "doors" to the world of working locked (especially in the private sector)by many other things: a gigantic amount of usesless courses of specialization tha cost so many €, a corporative mentality in the condocting of the private market, really low wages, a big clientelistic and favoritistic mentality.
Would have been good to mention the glaring exception to this geographical phenomenon that is Malta - which is experiencing the lowest unemployment in Europe.
Casinos
at 2:45 the graph says in USD Billions but the y axis show value from 0.0 to 4.5. Is it not in percentage? plz fix.
hasn't this been a problem in southern Europe for the last 2 decades or so?
What surprises me is that those people don't use the freedom of movement. Why not moving to Poland for instance, where unemployment is one of the lowest in EU. Everyone could get a job, living costs are cheap. In my home city unemployment rate is less than 2%. As someone who moved throughout Europe, people should use the opportunities they have at their disposal. It's really that easy solution
Because learning a new language is hard
@@Makalon102 There's so many options to do it. Surely they can find one that suits them. That's why learning of foreign languages at school should be mandatory...ideally more than one
I've moved all over the world for my job, had to become a polyglot. but my parents took me traveling as a kid and most my friends traveled even more, and I like traveling.
other people I met have never left their town, nor have their parents, and their friends came from even smaller worlds. They wouldn't know how to travel, and are afraid to travel.
I think it is good perspective because it explores wider scope in Southern Europe, rather than swamping over the web about youth unemployment in specific countries e.g. China or Japan. It's even better if we have a global view/ trend about the gen Z unemployment. Thank you!
Statistics are used to deceive investors. At least in Germany, the low unemployment rate is just half the truth. People who receive social benefits (refugees, among others) don't count as unemployed. The same is true for people with mini-jobs, which also receive support from the state. It is reasonable to assume that other Northern European countries do the same trick.
The free market for workers had dire consequences for the countries that exported the most professionals.
Running away from one's issues doesn't fix anything at home, despite the money sent back home.
The only option is to fight the system and pressure it into normalcy.
You need globally competitive firms to improve economic situation
@@zuzanazuscinova5209 Wrong. This is why China is destroying everyone on the free market. From an objective standpoint there is no reason to buy anything else than Chinese products. They have the best price to performance ratio.
What you need is positivity bias. It is buying from someone knowing that they don’t offer the best conditions, but they are good enough and you are bolstering your economy at the expense of other free market players of which most are still artificially propped up.
What you need is a company that at least in their country of origins practices a left wing friendly policy of caring for the employees. In my opinion a dualist system works best: cutthroat capitalism on the international market and social capitalism on the home market.
As far as I can see, modern capitalism is an excuse to ever lower and worsen the conditions of the workers under the noble banner of innovation for all which actually means ever increasing profit and ever lower running costs while never rewarding worker merits and especially faithfulness to one’s employer.
The big issue is the amount of regulation that these countries have imposed that has made it less appealing to hire in some European countries such as Spain and Italy. Red tape is the biggest hurdle destroying Europe's potential.
Add zone law don't allow build own smaller medium large house or business same places.
I am a Turkish citizen living in Poland for the last two years now, even if you are capable of things, it’s really hard to find a job elsewhere that you enjoy doing it. I was working for a family business and moved to Europe two years ago with better prospects but right now planning to go back after finishing my studies. I realised how my life was better back there except considering the political and economical instability. I can tell you one thing, along the way in my journey in Poland, I have seen many talented people struggling to get jobs while corporate circles are basically referring each other creating a lack of competency and innovation in the European market. I know back in my country everything is shittier but Europe was not progressive enough as I expected.