Well Educated Youth Hurt By Recession and Lack of Job Policies

This widely read opinion piece by Paul Krugman emphasizes the profound problem of unemployment of the college educated youth.  You may imagine the impact of lesser educated groups of which there are many more in South Florida.  Where are our politicians in facing this problem: it appears they have given up on this generation.

…young Americans who graduated during the severe recession of the early 1980s suffered permanent damage to their earnings. And if the average duration of unemployment is any indication, it’s even harder for new graduates to find decent jobs now than it was in 1982 or 1983.

So the next time you hear some Republican declaring that he’s concerned about deficits because he cares about his children — or, for that matter, the next time you hear Mr. Obama talk about winning the future — you should remember that the clear and present danger to the prospects of young Americans isn’t the deficit. It’s the absence of jobs.

But, as I said, these days Washington doesn’t seem to care about any of that. And you have to wonder what it will take to get politicians caring again about America’s forgotten millions.

via The Forgotten Millions – NYTimes.com.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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