A Massive Global Crisis: 201 Million Can’t Find Work and Governments Aren’t Fixing It
‘Miguel tells me he still lives at home. So does his twin. They are 28 years old. Both brothers began working a decade ago, but have not been able to save up enough for their own apartment. Barcelona is expensive. Their parents live on the outskirts, near the airport. Miguel recites an array of numbers; unemployment figures that seem magical and unreal. Twenty-five percent of Spain’s working age population is unemployed, he says. Near three quarters of Spain’s young are unemployed. Four of five Spaniards between the ages of 16 and 29 live with their parents. The numbers define their lives.
One of the most striking aspects of unemployment in Spain is that one in four of Europe’s unemployed live in that country. It is the center of European unemployment.’
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