Nov
20
RE: Recessions and the Young
Posted by: admin | November 20, 2011 | Leave a Comment
External blog: ‘Bagehot’s Notebook,’ articles about British politics – The Economist
According to the article “Recessions and the Young,” Bagehot states that the British government plans to solve their recession by creating jobs for youths in the labour market. Youths, particularly teenagers, in Britain are suffering the most from the recession due to the growing numbers of youth unemployment which are reaching historic highs. Foreigners and immigrants are being blamed for taking jobs away from the youth however, employers prefer to hire university students or foreigners since they are often more skilled and hardworking than the youths who lack experience and aren’t as driven.
Apparently, the government plans to fix the current education system since employers aren’t impressed with the quality of education that the youths are receiving thus, employers prefer not to hire youths. In addition, the government also plans to cut back on the welfare spending since they were losing money by allowing too many out-of-work benefits. I think that the two plans will not have much impact in terms of solving the recession. However, it will make incremental improvements to the recession.