A generation is being scarred by lack of jobsPosted on April 18, 2012
WITH the worst unemployment since the 1980s, attention is turning to the young out of work, writes our Chief Executive, Susan Watt
There is no greater waste of human potential than youth unemployment. Evidence from previous recessions, such as the 1980s, suggests that an early period of unemployment has an adverse impact on not only an individual’s future earnings, but their future health and well-being.
This “scarring”, as the economists now call it, can cause lasting damage to a young person’s life, so with youth unemployment now higher than at any point since the 1980s recession, it is rightly a matter of urgent public concern.
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