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Entries in Unermployment (1)

Wednesday
Feb022011

Kindling the Middle East's Economic Fire

Photo Courtesy - Getty Images(NEW YORK) -- As violence erupts in Cairo’s streets, this might be the ideal time to talk about the economic kindling that his helping fuel the fire of dissatisfaction in the Arab world. Young men and women all over the world are suffering the consequences of generations of economic neglect and the bitter fruits of the global economic crisis.
 
According to the UN’s International Labor Organization 40 percent of the world’s 211 million unemployed -- about 81 million people -- are young people between the ages of 15 and 24. Another 152 million of their young neighbors have work, but live in households that make less than $1.25 per day.
 
Denied the dignity of a day’s work and a living wage, this legion of unemployed and underemployed young people are most likely to take to the streets. In many cases, they are fed up with economic disparity and corrupt regimes which enrich their partisans while ignoring the plight of the underclass. The Middle East is especially burdened with an entrenched class of young unemployed people who see little hope for change.
 
According to data from the UN’s International Labor Organization 2010 Global Employment Trends for Youth report, Arab countries see a 30 percent unemployment rate for their 15-24 year old citizens, more than double the global average (14.4 percent).

In Egypt, the UN says, it takes more than 2 years (29 months) for a young person to find a satisfactory job after they leave school. Is it any wonder they are turning out by the thousands to effect change in their leadership?
 
But it’s not just Egypt facing this problem with unemployed youth. Jordan, Libya, Saudi Arabia and the Palestinian Territories all have youth unemployment rates higher than Egypt. If the fire starts to catch, there is certainly a lot of kindling ready to burn.

Copyright 2011 ABC News Radio







ABC News Radio