Monday, 2 July 2012

Global youth unemployment a damning indictment of capitalism

With the shocking statistics of youth unemployment hitting new highs around the world I at its worse in Europe.
EU youth unemployment: 22.7%, Spain 52.1%, Greece 52.1%, Portugal 36.4%, Italy 36.2%, Ireland 28.5%, France 22.7%, UK 21.7%, Germany 7.9%

This for me is one of the most damning features of global capitalism. The way young people especially not exclusively mind you but I’m picking these out as being hit extremely hard since 2008. Youth unemployment has always been an issue but these numbers make bad reading for any pro market thinker. I am not and think this is one of the worst aspects of capitalism it’s not just the waste of young people’s talents it’s the hardship and the demoralisation it leaves young people with.

Young people are statistically more likely to end up unemployed again in later life if they have been unemployed in their younger life.
For capitalism which is a system based on producing things only if there is a way of making a profit out of something not for human need young people being thrown on the scrap heap seem like a price worth paying to the super rich out there.
The long term affects on health, well being, confidence, future prospects of a long term unemployed person can be devastating. I know many people who have left university well qualified and looking for a good job and having to fight for a part time job just to get by. The jobs most graduates take now are not what they trained for and their talents are going to waste quite frankly.

Those graduates who are coming out of university today will be worse off than their parents who came before. This is the first generation who cannot expect a good well paid job and a stable living. Their life will be blighted by short term work, casual part time work. Low pay and little to no pension at the end of it. This is austerity Britain and the world capitalism has given us. Meanwhile the richest 1% has increased its wealth over and over by pushing wages of ordinary workers down to extreme levels in pursuit of even greater profits for themselves.

When the governments tell us there is work out there we should be saying clearly where? There are 6 people worse in many areas across the country chasing every 1 job. I was never very good at maths at school but even I can work out that doesn’t work and will result in mass unemployment.

Although these are the official statistics this masks the true picture of a lot more in part time jobs on low pay poverty pay some might say and those who are not even registered as unemployed but are still. The situation is bad but going to get a hell of a lot worse yet as we’ve only seen an estimated 15% of the planned austerity cuts.

It’s time we fought back. Youth fight for jobs campaigns for decent paid socially useful jobs the reintroduction of EMA so young people can afford to go to college or university and the cancelling of all tuition fees. The money has been shown to be out there with 120 + billion being evaded by big rich corporations every year. With big business also sitting on a estimated 750 billion pounds a 50% initial levee on this and to force big business to start creating jobs if they do not we should nationalise the banks, the biggest business’s out there and run them for need not profit. Providing the jobs we need and the skills we need to with plenty of work needing to be done.

I would start with a mass social housing programme of a million houses being built a year there is currently 5 million people on the council housing waiting list. Why not build for need instead of only building new homes if a profit is realisable. Lets kick the market out as its failed us let’s bring housing, jobs and our NHS back into public ownership and let the workers of this world run society for the many not the few.

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