Thursday, January 24, 2013

600 million: number of jobs needed by 2020

This is the number of jobs needed by the year 2020 in the developed world just to keep up with population growth globally. Number needed right now: 200 million with youth unemployment at 40% to 50% over most of the Earth.

Facts quoted from Time Magazine from January 28th 2013 page 8 at the top. (40% to 50% wasn't quoted from this page) I got those figures somewhere else.

The main problem with this is that it can't happen anywhere that growth is not about 3% in any country in any single year. So, every year any country doesn't have 3% growth all the new high school, and college graduates and people who lose their jobs don't get jobs because they don't exist without that level of growth in any country on earth. And as that number increases the more likely those people without jobs will demonstrate or riot for jobs so they can get married, have children and actually have a life. This then tends to destabilize or even collapse some governments in the lower 50% of viable economies here on earth. And even in viable economies that experience this for one or more years tend to be destabilized by this problem as well even if the government continues to function successfully.

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