The Corner

Asking for Trouble

The Atlantic reports on the EU’s horrifying rate of youth unemployment:

The EU unemployment rate set a new all-time high of 12.2 percent, according to today’s estimates. But it’s the youth unemployment crisis that’s truly terrifying. In Spain, unemployment surged past 56 percent, and Greece now leads the rich world with an astonishing 62.5 percent of its youth workforce out of a job.

Then it throws out some comfort (of a sort):

It should be noted that some people consider youth unemployment figures a bit hyperbolic. They prefer measures like “youth unemployment ratio, which takes the share of young people who are looking for work but can’t find it and divides it by the entire population. Last year, the EU’s youth unemployment ratio was 9.7 percent , less than half the youth unemployment rate of 23 percent.

But even the ratio fails to account for the millions of young people who have all but given up in their awful economies. There are 26 million young people in rich countries who are as “NEETS” (Not Employed, or in Education, or Training), according to the OECD.

But if you want to look for the most likely source of trouble to come, pay attention to this:

Youth unemployment is bad for all the obvious reasons, including the big loss to future productivity and earnings. But Europe’s youth unemployment is strange, because we’ve never seen a generation *this educated* also be this unemployed. Nearly 40 percent of Spain’s 20-and early-30-somethings are college educated. In Greece, it’s 30 percent . . .

Most Popular

World

The ‘Rough Sex’ Problem

John Broadhurst, a 41-year-old multi-millionaire from the United Kingdom — convicted of “manslaughter by gross negligence” after he killed his 26-year-old girlfriend Natalie Connolly during so-called “rough sex” — will walk free after serving only half of his 44-month sentence. Like many countries, ... Read More
World

The ‘Rough Sex’ Problem

John Broadhurst, a 41-year-old multi-millionaire from the United Kingdom — convicted of “manslaughter by gross negligence” after he killed his 26-year-old girlfriend Natalie Connolly during so-called “rough sex” — will walk free after serving only half of his 44-month sentence. Like many countries, ... Read More
Elections

Joe Biden’s Authoritarian VP Finalist

Last year, Senator Kamala Harris may have become the first presidential candidate in history to laugh derisively at the idea that the Constitution limits what a president can do. When former Vice President Joe Biden said that her plan for gun control by executive fiat didn’t pass constitutional muster, she ... Read More
Elections

Joe Biden’s Authoritarian VP Finalist

Last year, Senator Kamala Harris may have become the first presidential candidate in history to laugh derisively at the idea that the Constitution limits what a president can do. When former Vice President Joe Biden said that her plan for gun control by executive fiat didn’t pass constitutional muster, she ... Read More
Law & the Courts

New York’s Lawless NRA Lawsuit

The latest bananas news from the banana republic that is the State of New York: The attorney general, a political enemy of the National Rifle Association, is seeking to have the advocacy organization legally dissolved. The pretext is financial corruption and self-dealing on the part of the NRA’s ... Read More
Law & the Courts

New York’s Lawless NRA Lawsuit

The latest bananas news from the banana republic that is the State of New York: The attorney general, a political enemy of the National Rifle Association, is seeking to have the advocacy organization legally dissolved. The pretext is financial corruption and self-dealing on the part of the NRA’s ... Read More
Politics & Policy

The Misguided Attempt to Dissolve the NRA

Closing out the week with some variety: The evidence of mismanagement and wasteful spending at the NRA is real, but New York State attorney general Letitia James is on a vendetta against the organization in just about the worst possible way; an eye-opening question about Susan Rice perhaps having undisclosed ... Read More
Politics & Policy

The Misguided Attempt to Dissolve the NRA

Closing out the week with some variety: The evidence of mismanagement and wasteful spending at the NRA is real, but New York State attorney general Letitia James is on a vendetta against the organization in just about the worst possible way; an eye-opening question about Susan Rice perhaps having undisclosed ... Read More