Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-17-Speech-4-273-000"
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"en.20111117.17.4-273-000"2
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"I am pleased that the motion for a resolution on the EU-US Summit takes up what I consider to be a fundamental issue, and one that was also raised during the G20 talks in Cannes: an action plan for growth and jobs with particular emphasis on young people. This plan involves short- and medium-term measures.
Youth unemployment is, in fact, the most serious economic emergency of recent times. It shows no sign of improvement and has reached levels more than twice as high as the overall unemployment figure. Young adults are being forced to accept badly paid positions offering little job satisfaction or training. Recent research shows that generations starting work in periods of recession remain penalised for the rest of their lives: they experience slower career progression, carry out less fulfilling work and earn significantly lower salaries even many years after their first job.
What is more, young people who have found it much harder to enter the world of work also develop a greater aversion to risk that they carry with them throughout their career, making them less ambitious and more reluctant to change jobs. This has an impact not only on the future of these individuals, but also on the community as a whole."@en1
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