Sunday, September 22, 2013

'Lost generation' struggles

'Lost generation' struggles | The Detroit News:
"No voting bloc has been more responsible for Barack Obama’s two terms in office than the youth vote. And, ironically, no demographic has suffered more from his policies.

With presidential initiatives from Obamacare to higher taxes suppressing job creation, young workers are hurting in the worst economic recovery since the Great Depression.
The recovery has left them behind, creating a “lost generation,” reports the Wall Street Journal, which mirrors the White House’s model of heavily-regulated European economies where youth unemployment is a staggering 23 percent.
The U.S. jobless rate for those under 25 is 15.6 percent — more than double the rest of the working population — with their median weekly wage falling more than 5 percent since 2007."

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