By Mario Rizzo
There comes a point where the continual mandating of benefits and restrictions on hiring has big consequences. We can see the handwriting on the wall in Europe as well as in the US. In Europe the young are more and more being left out of the traditional forms of hiring .
A recent article in the Financial Times (August 5, 2015) has a very interesting analysis of the issue. “In a continent known for strong employee protections, more than half of the eurozone’s young workers are in temporary jobs, churning from one short-lived contract to the next.” And this is in countries with high unemployment rates among the young.
Temporary jobs among the 15 to 24 year-olds (of those who are employed)
Spain: 69.1%
France: 57.0%
Italy: 56.0%
Germany: 53.4%
OECD: 24.1%
UK: 15.2%
Japan: 14.4%
“…[I]n Italy, France, and Spain…fewer than 30 per cent of…
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