Friday , April 26 2024
Home / Real-World Economics Review / Spain: fast employment growth (but….)

Spain: fast employment growth (but….)

Summary:
According to the European Commission, Spain does well. And it does: after 6 years of decline employment has increased with 1,2 million. This is, when it comes to EU job creation, a decisive development! But… well, look at graph 1. Employment is nowhere where it has to be. And double digit increases in the number of tourists won’t last forever – Spain will need a new growth sector (or a more equitable division of labor). When it comes to this:  half of the employment increase took place in the 55-64 age group (second graph). Good. The left wants people, including the middle aged, to work. Which of course includes ‘Ehrenamtliche arbeid’ or ‘Honourable work’, as the Germans call voluntering, as well  and family care. But it also includes paid work. However – in a situation of less than full employment it also means that employment for the 20-55 groups (the people with families) is still 2,5 million down on the 2008 number (and remember: the 2008 bust was not caused by an overheated labor market). Steve Bannon has a point. We need full employment. Andhe European Elites failed these families.

Topics:
Merijn T. Knibbe considers the following as important:

This could be interesting, too:

John Quiggin writes The war to end war, still going on

Editor writes In search of radical alternatives

Stavros Mavroudeas writes «Οι καταστροφικές επιπτώσεις της ΕΕ στην Ελλάδα και τους εργαζόμενους» – Στ.Μαυρουδέας ΠΡΙΝ 20-21/4/2024

Stavros Mavroudeas writes «Κοινωνικές επιστήμες: είδος υπό εξαφάνιση;» – εκδήλωση Παντειέρα-Attac, 23/4/2024, 5.30μμ Πάντειο

Spain: fast employment growth (but….)

According to the European Commission, Spain does well. And it does: after 6 years of decline employment has increased with 1,2 million. This is, when it comes to EU job creation, a decisive development! But… well, look at graph 1. Employment is nowhere where it has to be. And double digit increases in the number of tourists won’t last forever – Spain will need a new growth sector (or a more equitable division of labor). When it comes to this:  half of the employment increase took place in the 55-64 age group (second graph). Good. The left wants people, including the middle aged, to work. Which of course includes ‘Ehrenamtliche arbeid’ or ‘Honourable work’, as the Germans call voluntering, as well  and family care. But it also includes paid work.

However – in a situation of less than full employment it also means that employment for the 20-55 groups (the people with families) is still 2,5 million down on the 2008 number (and remember: the 2008 bust was not caused by an overheated labor market). Steve Bannon has a point. We need full employment. Andhe European Elites failed these families.

Spain: fast employment growth (but….)

Merijn T. Knibbe
Economic historian, statistician, outdoor guide (coastal mudflats), father, teacher, blogger. Likes De Kift and El Greco. Favorite epoch 1890-1930.

Leave a Reply

Your email address will not be published. Required fields are marked *