Today, the majority of people are facing many economic and social problems due to the financial crisis in Greece. Nowadays, the economic aspect is getting worse that can be seen in every part of life and especially in the youth of the country. To be more specific, if we observe the youth, we can easily figure out that the majority of it is facing many survival problems due to the crisis. Unemployment of the youth is a major concern of the political and social field of Greece but it is also a great area and field of research.
Young people in Greece are not able anymore to experience the life that they used to. They are seriously considering leaving Greece in order to seek employment elsewhere so that they can experience a better life and career. The young people are the fundamental basis of any country and society. If the majority of the youth is going abroad to find a better life, that means that Greece will lose its identity and its very own basis.
BBC states that “Greece’s unemployment rate hit another record high in May 2013 of 27.6%, according to the country’s statistics body.
The figure, from the Hellenic Statistics Authority, compares with a jobless rate of 23.8% in May last year.
Among those in the labour market aged 15-24, the rate is 64.9%, as Greece sees its sixth year of recession.
Greece has seen a 25% drop in output since 2007.”
The results were pretty much expected since we live in Greece at the present financial crisis. We all experience some problems and in many cases the same ones.
Youth unemployment is one of the major issues of our times. Economists and academics have convincing arguments emphasizing that there is a certain natural level of unemployment. However, elevated unemployment especially of youth unemployment imposes significant costs on the individual, the society and the country.
The unemployment rate will keep on rising in the future. To be more specific, the unemployment rate for high school drop outs is more than double the rate of university graduates. People that enter the labour market without any extra training or post-secondary education have a tremendous chance of being unemployed. Companies are hiring the most skilled and experienced workers, letting go workers with less experience, usually youth. It must be said that youth with the least amount of experience are usually the last people that are hired.
There are various reasons which may cause one to be unemployed and these include:
· high illiteracy levels,
· changes in seasons of production,
· having disabilities which may hinder one from doing a certain kind of job,
· political instability in a country,
· gender inequalities in certain jobs as well as
· poor educational systems
That’s not only it. People sometimes are being too choosy when selecting a job. Unemployment is boosted due to population explosion, increase of number of educated people and moreover the failure of the industry to expand along with the population increase. Furthermore, unemployment grows because the employers do not want inexperienced workers and also due to the transition period from education to the work force.
A reporter form Telegraph states that “the unemployment rate among Spain’s under-25s rose to 50.5pc in January 2012, and to 50.4pc in Greece in December, according to the latest available data from Eurostat, the European Union’s statistics office. It compared with an average eurozone youth unemployment rate of 21.6pc. One of the lowest rates of youth unemployment is in Germany, where it remained at 8.2pc in February 2012.”
For 2013 The Guardian suggests that “youth unemployment in Spain has reached a new high of 56.1%, a quarter of the 3.5 million under-25s jobless across the eurozone, according to the latest Eurostat figures.
The number of young Spaniards belonging to what has become known as the lost generation is up 2% since June to 883,000. Only Greece has a higher percentage of young people out of work, at 62.9%.”
In conclusion, unemployment affects not just the person himself but also his/her family and in the long run the society that he lives in. Unemployment brings with it despair, unhappiness and anguish. It forces people to live their lives in a way they do not wish to and their life expectancy is negatively affected. The main aspects of it are mental health, lack of self-confidence, feeling unworthy, depression and hopelessness. It also brings tension at home, loss of trust in administration and the government which may lead to political instability. It also brings up discontent and frustration amongst the tax paying citizens. In order to meet the demands of the unemployment fund the government many times may have to increase the taxes thus giving way to restlessness amongst the tax paying citizens.
Additionally it brings insecurity amongst employees, crime and violence, decrease in social outings and interactions with other people, including friends and stigma. To further complicate the situation the longer the individual is out of job the more difficult it becomes to find one. Employers find employment gaps as a negative aspect. No one wants to hire a person who has been out of work for some time even when there’s no fault of the individual per say. There is also the loss of skills’ usage issue. The unemployed is not able to put his/her skills to use so in the long term they lose them.
ASKING GREEKS ABOUT IT
During a financial crisis, young people are mostly affected since they feel the pressure of reality in their everyday lives.
The majority of the answers gathered based on the youth unemployment issue, tended to criticize the government’s measures and the greek political system which led the country to the present financial and economic crisis. There is a belief that the government does nothing in order to change the climate which has been created and does not help to improve the current situation. Besides, the Greek educational system has played a major role to youth unemployment. In addition, the unstable political and financial environment has affected the youth in a negative way because most Young people consider seeking employment outside Greece.
BBC:Greek unemployment rate hit record high in May http://www.bbc.co.uk/news/business-23620444
The Telegraph: Youth unemployment passes 50pc in Spain and Greece http://www.telegraph.co.uk/finance/financialcrisis /9181776/Youth-unemployment-passes-50pc-in-Spain-and-Greece.html
The Guardian: Spain youth unemployment reaches record 56.1%