Youth unemployment has soared in much of Europe, but not in Germany

 

Mar 20th 2013, 15:04 by Economist.com

Category: Employment, Video

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5 Responses to “Modell Deutschland: Youth Unemployment”

  1. Wirtschaftswunder says:

    Schroder’s plan is all well and good and had some effect. Perhaps being able to fire older workers. i.e, forced retirement, impacted the youth employment rate, by putting them in the same jobs their fathers lost, but at a lower wage. Or the birthrate, which is notoriously low, in Germany had an affect.

  2. Oral Hazard says:

    The Secret To Germany’s Low Youth Unemployment, by Eric Westervelt, NPR, April 04, 2012:
    http://www.npr.org/2012/04/04/149927290/the-secret-to-germanys-low-youth-unemployment

  3. Frwip says:

    There are many reasons to low ‘unemployment’ in Germany, and a well-run economy isn’t one of them.

    The most flagrant is demography with the younger cohorts being HALF of the boomer cohorts, so it’s not very difficult to have low youth unemployment when half of the youth that should be around seeking jobs simply isn’t there.

    http://www.nationmaster.com/country/gm-germany/Age-_distribution

    Another is the prevalence of what they call ” minijobs “, heavily subsidized, underpaid and offering no accrual towards normal social services (health care, retirement, etc). In 2009, there were about 4.9 millions of them out of an workforce of about 37 millions.

    http://de.wikipedia.org/wiki/Geringf%C3%BCgige_Besch%C3%A4ftigung

    Germany is doing quite a few things right on the employment front, like Kurzarbeit, that works very well to preserve existing productive capacity and employer/workforce relations.

    http://www.ilo.org/travail/whatwedo/publications/WCMS_145335/lang–en/index.htm

    But the notion that there is a German miracle is bunk to a large extent. What there is (like in the banking sector) is largely a German self-delusion, that they are a great success. It has some actual benefits though to this self-delusion, namely social peace. We’re probably not going to see anything in Germany like the Indignados in Spain or Beppe Grillo in Italy anytime soon.

  4. BennyProfane says:

    Should be required reading for all of the politicians and pundits and lying CEOs who are always whining that America is highly under skilled for the jobs available. Another Big Lie. Train them, damnit, like they do in Germany. Just don’t offshore it or lobby for more skilled holders of green cards who will work for 50% off, just happy to be here.

    I also blame our massive government funded academic industry, which is only concerned with it’s own welfare (heh) and not preparing kids for the working world. Every middle class kid wants to be a lawyer, and they soak of that demand, make their money, and spit them out into a world where only half will have any kind of job in the profession. I’ll toot my own horn and say that I am highly skilled in my industry (photography, pre press), and, every now and then I consider teaching as a nice way to semi retire. I gave up after encountering a massive wall of academic requirements. I have so much knowledge to transfer before I check out, and yet, the only people teaching this stuff have spent years and years acquiring a masters and beyond, and then cloistered in an academic institution……teaching. I’m not sure what the hell they actually know. The industry has been all about rapid technological change for forty years. What would a degree from just ten years ago mean? What are they teaching?

  5. dube says:

    One of the reason is definitively the difference in the education systems. Germany (like Switzerland too) has a dual system, which doesn’t push only the academic way (in opposite to France, Italy, Spain,…) but also gives a chance for every young people, which also want to qualify to a lower degree (apprentiship, later engineering school , …)
    You get so qualified manpower for many economic fields (BTW to a lower education cost). Look at the export industry of Germany, specially machines, cars…. it’s not only reached through Ph.D. crews but with a well balanced mix of best qualified workers on different levels.
    In France, Italy, … you have a university degree and get then mostly a simple office job at first… not surprising that they like going on strike.