So it’s troubling that teens today are facing their third straight summer of bleak employment prospects—in fact, the worst since World War II, when the government began keeping track.
One study in the United States and Britain said that 37-year-old men who had sustained a year of unemployment before age 23 made 23 percent less than their peers.
College graduates who took jobs beneath their education or outside of their fields often never got back to where they might have been, according to what the Japanese learned from their “lost decade” of economic doldrums in the 1990s and early 2000s.
The Netherlands, also keen on averting a lost generation of workers, is dividing full-time private sector jobs into two or three part-time ones, with government providing supplemental income for part-time workers.
The Netherlands, also keen on averting a lost generation of workers, is dividing full-time private sector jobs into two or three part-time ones, with government providing supplemental income for part-time workers.