Unemployment in Europe

Paper Summary:

This paper focuses on the rising unemployment in Europe. With approximately 35 million unemployed in the industrialized countries and uncounted millions more in the developing world, the issue of joblessness has finally reached the top of the global political agenda. This paper details the results of the free market revolution of the 1980s which consisted of collapsing industrial economies, deepening poverty, homelessness, crime and a rising tide of racism. The writer of this paper contends that unemployment and job creation are finally being given top priority in the global agenda. This paper discusses the various plans and strategies that are being implemented to combat unemployment, including the establishment of job-switching schemes. Job-switching, which has been piloted in Denmark, provides for long-term unemployed people to be trained and educated specifically in order to substitute for employed workers while they are on paid educational leave or vocational training. This well-researched paper contains unemployment statistics and relevant information of various countries in Europe, including Hungary. While unemployment has been in existence in Hungary for only a few years, it has become the main cause of increased social tension. This paper also details the situation in the former Soviet Union, in which the unrestrained free market economics has brought about an economic catastrophe.

From the Paper:

"Why not combine the two problems in one solution? This is the basic and simple principle of job-switching: unemployed people take over the vacancies of the employed, while the employed are at the same time engaged in further education. AOF in Denmark had tried out this job-switching model for a couple of years and it has proven to be a success, and the activities are spreading all over Denmark in companies and in the public sector as well, and now all over Europe as well. The main target group for AOF is employed with short education and long-term unemployed. The job-switching model operates with education, training courses and work-experience for the unemployed, before he or she is actually going in to the company in the vacancy. The further education of the employed stresses general and also creative qualification, but also more traditional skills may be part of the further education."

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