Youth unemployment in Europe has gone from merely stratospheric to astronomic.
Throughout the European Union, unemployment among those aged 15 to 24 is soaring — 22 percent in France … But those are only percentages among those looking for work. There is another category: those who are “not in employment, education or training,” or NEETs, as the Organization for Economic Cooperation and Development calls them. And according to a study by the European Union’s research agency, Eurofound, there are as many as 14 million out-of-work and disengaged young Europeans, costing member states an estimated 153 billion euros, or about $200 billion, a year in welfare benefits and lost production — 1.2 percent of the bloc’s gross domestic product.
… In France, it’s 16.7 percent — nearly two million young people …
For the innumerate, that means nearly 39% are doing nothing. (That is nearly three times the comparable the U.S. rate.
Collectivism's parade of horribles is easy to see:
This is a “floating generation,” made worse by the euro crisis, and its plight is widely seen as a failure of the system: an elitist educational tradition that does not integrate graduates into the work force, a rigid labor market that is hard to enter, and a tax system that makes it expensive for companies to hire full-time employees and both difficult and expensive to lay them off.
Ms. Sonnet, the O.E.C.D. economist, said that high youth unemployment is a regular problem in France. Companies are afraid to commit to permanent hiring when economic growth is stagnant and charges for social benefits are so high, and the educational system tends to value liberal arts over technical or industrial expertise.
Nothing could possibly go wrong with any of this; after all, the collective has used its superior knowledge and intellect to ensure social justice.
Without cost, nothing has value. Their education system is a sinkhole. The real reason the "rigid labor market is hard to enter" has nothing to do with hired, and everything to do with getting fired. Standard collectivist misdirection charges companies for social benefits. It is the perfect way to convince people there is such a thing as "free".
Mysteriously left unmentioned in this NYT article is minimum wage. In France, it is $12.35 per hour, more than 65% higher than in the U.S.
And I'll bet the next NYT editorial advocating an increase our minimum wage will resoundingly fail to note the unmentionable.
Being a collectivist means never having to say you are sorry, because you are immune to the obvious.