Spain’s economy is the biggest problem for young people hoping to find work
If you had plans to pack up and move from Australia to Spain, you might want to reconsider. Spain’s youth unemployment rate is at an astronomical high, 53.5% to be exact, with no signs of decreasing in the near future. The reason for this economic disaster started with the market crash of 2008. Now, in 2015, one of the major outcomes of the crash is that there are no jobs for any recent high school or college graduates. The problem is becoming increasingly worse. As the demand for jobs increases with every University graduation, the future of Spain grows dismal, especially for recent University graduates who are categorized as part of the ‘lost generation’. So what does this mean for Spain and its economy? Mass emigration to neighboring European Union countries or going overseas to places like Australia in hopes of encountering more job opportunities.
As native Spanish citizen Alvaro Garcia says, “The hope of finding work is next to zero. What used to be normal – a job that allowed you to be happy and independent, to live in your own home – these things are chimeras, shadows from a recent past that now seems utterly unattainable”. As nostalgia for the past sets in and the longing for Spain’s previous economic status becomes more evident, a complex question arises- where do Spain’s youth go from here? If they decide to emigrate, the outcome will undoubtedly impact Spain in the future. Without the Millennials to continue on and take over the work of the older generations, what is to become of Spain? The Spanish government is not taking the proper steps to encourage their youth to stay or even to create more jobs for their young citizens. Politicians should be focusing on the unemployment of their youth because not enough is being done for the ‘lost generation’. They need to find them, quickly, or the consequences in the future could be catastrophic.