Genuine question, what do these people do in regard to an income? Do they all live with their families or is there some kind of social payment for the long term unemployed? You still need to live somewhere, eat, etc.
While UK is facing labour shortage. If only there were some sort of agreement between these countries that would have allowed them to easily…oh wait.
I guarantee a lot of the work ‘illegally’, at least in Italy, but god forbid the state tries to NOT crush employers and employees with absurd tax and social security rates.
Come to Finland, please. We need more people.
Leave the country please
[removed]
I don’t think this is an accurate headline. The structural unemployment in Spain has always been very high and very cyclical. Very tourism and construction dependent plus other cultural factors (families living together..etc)
I read Danish companies started recruiting in Spain and Italy because the East Europeans now stay home more.
I also stopped looking for a job, i like my current job.
Italy has an emigration of 100k/year while has a natality of 400k/year. In the 60s there was a natality of 1mil/year and those guys are going to be in pension in some years. I don’t know but I see a really dark future.
Not enough, import more imigrants
I don’t know about Spain, but I don’t understand how Italy can survive in the medium-long term. The population is growing older and declining fast, young (especially educated) people are emigrating en masse, who is gonna pay the pensions for the old people that are going to retire in the next years? Years pass and the situation only seems to get worse.
There is no technological innovation, no entrepreneurship, taxation is one of the highest in Europe, most big companies have been bought by the French (even the historic FIAT is now Franco-Italian) and I believe even Luxottica if I an not mistaken.
As much as I would like to go back someday I sincerely believe Italy is on a road to default. What happens when a state with 60 million people and a GDP of almost 2 trillions defaults?
Come here, we have the opposite problem.
That’s indeed very interesting, cause the eastern part of the EU has an opposite problem (labour shortage). That actually results in high average wage increases (8-15% annually, for example in 2015 LT had an average net wage of 550 eur, while it’s a bit higher than 1000 currently) together with huge inflation rates (Baltics and Poland have the highest inflation rates in the EU currently) and changing migration trends (there are more immigrants than emigrants, which was not the case decade or even 5 years ago).
The wages in the eastern EU are a bit behind, but potentially fully converge or even overcome southern EU in 5-8 years.
17 comments
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Ugh another paywall.
Genuine question, what do these people do in regard to an income? Do they all live with their families or is there some kind of social payment for the long term unemployed? You still need to live somewhere, eat, etc.
While UK is facing labour shortage. If only there were some sort of agreement between these countries that would have allowed them to easily…oh wait.
I guarantee a lot of the work ‘illegally’, at least in Italy, but god forbid the state tries to NOT crush employers and employees with absurd tax and social security rates.
Come to Finland, please. We need more people.
Leave the country please
[removed]
I don’t think this is an accurate headline. The structural unemployment in Spain has always been very high and very cyclical. Very tourism and construction dependent plus other cultural factors (families living together..etc)
I read Danish companies started recruiting in Spain and Italy because the East Europeans now stay home more.
I also stopped looking for a job, i like my current job.
Italy has an emigration of 100k/year while has a natality of 400k/year. In the 60s there was a natality of 1mil/year and those guys are going to be in pension in some years. I don’t know but I see a really dark future.
Not enough, import more imigrants
I don’t know about Spain, but I don’t understand how Italy can survive in the medium-long term. The population is growing older and declining fast, young (especially educated) people are emigrating en masse, who is gonna pay the pensions for the old people that are going to retire in the next years? Years pass and the situation only seems to get worse.
There is no technological innovation, no entrepreneurship, taxation is one of the highest in Europe, most big companies have been bought by the French (even the historic FIAT is now Franco-Italian) and I believe even Luxottica if I an not mistaken.
As much as I would like to go back someday I sincerely believe Italy is on a road to default. What happens when a state with 60 million people and a GDP of almost 2 trillions defaults?
Come here, we have the opposite problem.
That’s indeed very interesting, cause the eastern part of the EU has an opposite problem (labour shortage). That actually results in high average wage increases (8-15% annually, for example in 2015 LT had an average net wage of 550 eur, while it’s a bit higher than 1000 currently) together with huge inflation rates (Baltics and Poland have the highest inflation rates in the EU currently) and changing migration trends (there are more immigrants than emigrants, which was not the case decade or even 5 years ago).
The wages in the eastern EU are a bit behind, but potentially fully converge or even overcome southern EU in 5-8 years.
Greece: Am I a joke to you?