We also find evidence of persistence in unemployment. Combining our semiparametric estimates with a dynamic approximation to the lifecycle, we find that unemployment experienced as long ago as ten years continues to affect earnings adversely despite the catch-up response.
Youth unemployment, in particular long - term youth unemployment, can generate frustration and low self-esteem, and can lead to increased vulnerability among some young people to drugs, disease and crime.
Youth unemployment can also lead to the marginalization and exclusion of young people. There is evidence that unemployment can expose youth to greater risks of lower future wages, repeated periods of unemployment, longer unemployment spells as adults, and income poverty. [...] Youth unemployment can impose large economic costs on society.
Young people have always had a tough time finding work. Historically, the unemployment rate for those ages 15 to 24 in advanced economies has been two to three times higher than for older age groups. But since the global crisis began in 2008, young people have suffered a much sharper rise in joblessness than older workers, and structural issues—especially in Europe—have exacerbated youth employment problems.
Unemployment can exact a big personal toll on young people. Failure to find a first job or keep it for long can have damaging long-term consequences on their lives and career prospects. But youth unemployment also has broader social consequences and contributes significantly to growing income inequality in advanced economies.
He and his wife did at one point own a rather nice place. His wife still does, but with the guy she's with now that her lawyers are finally done with my friend through the divorce process.
I am sure the misogyny will help that job search!
it's been my experience that anyone who openly covets money as career objective is more apt to make a stain on the world than a mark.
If I have to shovel mouse shit because that's the only way to bring the revolution, you can hand me the shovel. But I refuse to commit to a lifetime of mouse-droppings merely so that someone at Goldman Sachs can make his bonus for unionbusting or pension-looting or whatever they're doing. And if I'm forced to take the mouse crap route to enrich the elites, damn straight I'm going to complain about it to anyone who will listen.
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