Posted on 01/30/2012 4:13:25 PM PST by opentalk
Surging Greek and Portuguese bond yields? Plunging Italian bank stocks? The projected GDP of the Eurozone? In the grand scheme of things, while certainly disturbing, none of these data points actually tell us much about the secular shift within European society, and certainly are nothing that couldn't be fixed if the ECB were to gamble with hyperinflation and print an inordinate amount of fiat units diluting the capital base even further.
No: the one chart that truly captures the latent fear behind the scenes in Europe is that showing youth unemployment in the continent's troubled countries (and frankly everywhere else). Because the last thing Europe needs is a discontented, disenfranchised, and devoid of hope youth roving the streets with nothing to do, easily susceptible to extremist and xenophobic tendencies: after all, it must be "someone's" fault that there are no job opportunities for anyone. Below we present the youth (16-24) unemployment in three select European countries (and the general Eurozone as a reference point).
Some may be surprised to learn that while Portugal, and Greece, are quite bad, at 30.7% and 46.6% respectively, it is Spain where the youth unemployment pain is most acute: at 51.4%, more than half of the youth eligible for work does not have a job! Because the real question is if there is no hope for tomorrow, what is the opportunity cost of doing something stupid and quite irrational today?
If we had a legislature with balls, we’d lower the minimum wage and start giving visas to any European youth who wants to come in, provided they have a real skill. Their youth brain drain will become our boon.
Their parents wanted never ending state freebees.. now they get the consequences.
“...start giving visas to any European youth who wants to come in...”
You haven’t really thought this through, have you?
Do you think all those youths will suddenly become Reagan conservatives? Or will they support the welfare state policies that they were indoctrinated in while living in their home countries?
Worse, you assume “European youth” refers to actual Europeans, not imported Turks and North Africans completely addicted to government freebees.
Remember, “Europeans” barely breed anymore. Their majorities will be gone in a generation or two. The word “European” is undergoing a radical redefination and doesn’t mean what it once did. The Europe of our grandparents and great great grandparents is long gone.
Nope. They’d bring more of the “Everything should be free”...crap into want’s left of this country.
You want to see a hilarious graph?
Check out this one that Zero’s campaign is using:
http://www.barackobama.com/jobsrecord?source=OM2012_PR_DFA_jobsrecord_jobs-def
Hence the “provided they have a real skill” part of my post. If they have a real skill in their own country, they’re usually the producers and not the collectors.
We already have enough social workers and there is not much need anymore for advanced underwater basket weaving, or advanced condom placement in this country, remember European Students are Marxist’s on Steroids. I hope you rethink your position on this.
It’s not a bad idea. The ones with no skill tend to be just the same as their moocher parents. The ones with skill might just see the light. Either way, it’s not like our college kids are superior in any way. In fact, most of them are even dumber than the average Europeeon.
No. Let’s not even go there.
Have you actually *met* many young people from Europe?
Let’s just say that they’d make Barry O. look rather conservative by comparison.
We have enough problems right here at home without importing more.
“Hence the “provided they have a real skill” part of my post.”
That wouldn’t be a bad policy for ALL immigration, my friend.
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