Not necessarily. In the UK:
> Over one million young people in this country are now neither employed, in education nor in training...
yet no starvation. I'm not sure it's a good situation but it is what it is.
Not necessarily. In the UK:
> Over one million young people in this country are now neither employed, in education nor in training...
yet no starvation. I'm not sure it's a good situation but it is what it is.
For context, the UK unemployment level is pretty low compared to the last 55 years of history.
https://www.ons.gov.uk/employmentandlabourmarket/peoplenotin...
One million is a lot of people, but that's from a population of ~70 million.
The post you replied to specified young people so 70M is the wrong denominator. The UK currently has far more than 1 million working age adults unemployed and the denominator for that is still less than 70M because Britain has plenty of retirement age adults too.
I chose the denominator of a society of 70 million to match the data link I posted.
It’s possible the unemployment rate among you adults is historically high, but I haven’t seen data on that. I doubt it, based on the overall unemployment rate.
edit: looked up the current data. Age 16-24 unemployment excluding trainees and students is 12.8% which is about double the current overall unemployment rate. Haven't found historical data on this cohort yet. We might expect youngsters to be less employed than experienced people, but double does seem high on the face of it.
https://commonslibrary.parliament.uk/research-briefings/sn05...
edit 2:
Found it. Youth unemployment is currently at about the (eyeball) median rate for the last 32 years.
https://www.ons.gov.uk/employmentandlabourmarket/peoplenotin...
I think it's important to put numbers in historical context when saying or implying that we're in some kind of crisis.
Youth unemployment sucks for the people involved and the people around them. Every one of them has my sympathy. We are not in a period of unusually high youth unemployment, according to the UK government data.
> Found it. Youth unemployment is currently at about the (eyeball) median rate for the last 32 years.
It is currently there. The economy doesn't seem to be getting friendlier to the youth though. That median also seems pretty heavily skewed by a seven-year jump in youth unemployment after 2008, which seems like a bad omen.
> I think it's important to put numbers in historical context when saying or implying that we're in some kind of crisis.
But that would spoil some good click bait for the media, and ad hominem attacks from political opponents.