This is an excellent must read report from OECD. Check it out!
via Newsroom – OECD.
Every millennial should read this report.
Working people are getting an increasingly smaller share of the cake. For those lucky enough to have jobs, wage rates are not growing and the quality of jobs is falling.
In short, more young people will need to look to multiple jobs or to stacking supermarket shelves as a means of avoiding unemployment. Others will need to relocate overseas, learn new skills or languages.
There is another way, of course, but policy-makers don’t want to stimulate economic demand to create jobs.
Policy-makers and their sponsors in Berlin, London & Washington are doing OK, so they need reminding about the lost-generations. Take Southern Europe, for example, countries like Greece, Cyprus, Italy, Spain, Portugal & France desperately need investment to stimulate jobs. Meanwhile, the Eurocrats are sitting happy thank you.
Not fair, is it?