A6 - NYT - Young, Educated, And Jobless

Today's NYT has a stunning summary of unemployment of young people in France.  Could this be headed our way.  Thank goodness our 25 year old has a good job that she enjoys.  Our 19 year old seems to just like work, and even as a student she works in the school gym 20 hours a week, inexplicable to me,  but she likes the discipline of work and that I understand.  She does not need the money, and she might need to study a little more. 

The numbers are numbing.  22% of young people in France have no jobs, and many of those who do make the U.S. equivalent of $6.50 an hour.  Hold your breath, those young people unemployment numbers are 55% in Spain and 40% in Italy.  In France, 82% of new people hired are on temporary contracts.  Like here, these numbers do not include those who no longer look for jobs, or do not need to look for jobs, supported by inherited wealth.

Could this be in our future as well.  With all of these ridiculous public traded for profit colleges and the amazingly expensive private colleges, who gets a great education?  Even those who benefit might be left with huge debts and little job prospects.  Their family background and upbringing may be more important than their education.

We are all in for a crisis.