Labor Law Guy

Peering into Our Future: Spain Unemployment at 17 Percent

Posted in Random Musings by laborlawguy on May 7, 2009

Actually, I’m not referring to the level of unemployment when I say “Peering into Our Future.” If you follow Shadow Stats, you’ll know that we’ve already gone well past that figure (into the 20-percent range).

What I’m referring to is the black market that developed in response to the recession, which has become a major source of income for the unemployed.

Also, a spate of labor laws make it easier for people to be unemployed in Europe (while offering almost no chance for advancement or career change during normal times).

So, if you want to know our future under Obama, read “Spain Largely Avoids Unrest Even as Economy Slumps.”

Advertisements