Youth unemployment: Mario Draghi's Dublin speech

Volatire

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Mario Draghi ECB head gave the Henry Grattan Lecture at TCD yesterday.

It was, I think, excellent, and remarkable in many ways. At once technical and heartfelt, Draghi focussed on the curse of youth unemployment.

Apart from the obvious injustice that the old have been protected at he expense of the young, youth unemployment comes as a high economic cost. The young bring mobility to the workplace and are responsible for diffusing ideas and innovations more than any other age group. Mass youth unemployment, apart from the horrible social cost, damages future economic growth.

Urging governments to make the reforms he identified , he said "We have seen how in several countries the weight of the crisis has fallen disproportionately on the young people, leaving a legacy of failed hopes, anger and ultimately mistrust in the values of our society and the identity of our democracy".
"With a large proportion of young people not having any defined role in society, there is a high risk of social cohesion and of trust in public institutions being undermined."
Draghi emphasised the importance of vocational training, apprenticeships. Kids need real skills, and should not be spending years of their lives listening to spoofers in dreary IT's (OK Draghi didn't say that specifically, but that is what he meant).

Draghi points out that the young do not want socialist subsidies - they want to make a meaningful contribution, work.

“In 2016, around 17% of people between the ages of 20 and 24 in the euro area were neither in employment, education or training, with Ireland being close to this euro area average. In Greece and Spain, the numbers are 23% and 21% respectively,”
Irish youth unemployment is at 12.3% and has been ticking up recently. There is no room for complacency, and it must be hammered down.

Full speech here https://www.bloomberg.com/news/videos/2017-09-22/ecb-s-mario-draghi-addresses-trinity-college-dublin-video
 


The Field Marshal

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Mario Draghi is an enemy of the Irish people.

He forms part of the EU elite , led by the EU commission who all now actively collaborate to destroy the independance of the Irish state for the sole purpose of creating a federal EU.

Enemies of Ireland, like Mr Draghi and his ilk, should always be shown the nearest door and told to leave the country .
 

runwiththewind

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Even with the 'advantage' of well established emigration trails, Ireland still has a very high youth unemployment. The government appears to have given up on the U30s. This week I was at a regional meeting (public service) of maybe 300 people. As far as I could see, not one person in attendance was under 30.

In 2008, there were 25,000 apprentices in Ireland, today there are less than 5,000.

The government has given up on training of apprentices, instead relying on EU migrants to fill the gap at no cost to the Irish state. This could very easily transfer to nursing teaching, engineering, IT, in fact to just about every trade and profession.

The UK has for decades adopted this policy and the cost to them us going to be astronomical should immigration be severely curtailed.

The only place youth in this country matter is on the playing field.

I propose positive discrimination on new recruits to the civil/public service in favour of the U25s. An increase in apprentices and an expansion of apprenticeships into other fields. No dole for 18 year olds who ought to be in school, college, further education or an apprenticeship. That social welfare cycle ends to be broken.

Also, in the professions such as law, engineering and medicine, a huge push is required to get more kids into these professions that didn't come from fee paying schools. 90% of medical students come of this cohort. Not acceptable.
 

freewillie

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Funnily enough I know a lot of young Polish Lithuanian and Romanians who seem to have no difficulty getting employment in Dublin AND at the proper wage scale.
 

freewillie

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Even with the 'advantage' of well established emigration trails, Ireland still has a very high youth unemployment. The government appears to have given up on the U30s. This week I was at a regional meeting (public service) of maybe 300 people. As far as I could see, not one person in attendance was under 30.

In 2008, there were 25,000 apprentices in Ireland, today there are less than 5,000.

The government has given up on training of apprentices, instead relying on EU migrants to fill the gap at no cost to the Irish state. This could very easily transfer to nursing teaching, engineering, IT, in fact to just about every trade and profession.

The UK has for decades adopted this policy and the cost to them us going to be astronomical should immigration be severely curtailed.

The only place youth in this country matter is on the playing field.

I propose positive discrimination on new recruits to the civil/public service in favour of the U25s. An increase in apprentices and an expansion of apprenticeships into other fields. No dole for 18 year olds who ought to be in school, college, further education or an apprenticeship. That social welfare cycle ends to be broken.

Also, in the professions such as law, engineering and medicine, a huge push is required to get more kids into these professions that didn't come from fee paying schools. 90% of medical students come of this cohort. Not acceptable.
You have evidence of this "90%" figure or is it another maker upper like the 50000 illegal Irish in the U.S.
 

silverharp

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he is also an open borders type which i think hits young Europeans the worst, he speaks with forked tongue.
 

The Field Marshal

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he is also an open borders type which i think hits young Europeans the worst, he speaks with forked tongue.
Draghi is an enemy of the Irish People.

His purpose in coming here is to deceive.

The big agenda is EU federalisation which to succeed of necessity requires the abolition of all Irish national independence.

Deceivers like Draghi will seek to buy influence.
That is how they operate.

He is funded by an EU war chest .

Anybody meeting Mr Draghi should inform him that he is not welcome in Ireland and should leave immediately.
 

randomwalk

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The young bring mobility to the workplace and are responsible for diffusing ideas and innovations more than any other age group.
True, but are not mobile enough, increase mobility and we could help to reduce this. The Eurozone falsl very short on Labour Mobility, which is a vital ingredient of an optimal currency union, as proposed by Mundell I think. I seem to remembe one statistic from my college days where around 40% of Americans lived and worked outside the state they were born, the figure was only 15% for Europeans.

I would suppose we probably need to increase incentives as well as to improve language ability (particualrly here in Ireland) as well as possibly normalizing through a greater implementation of Erasmus or even school exchange programmes.
 

dundealing

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Funnily enough I know a lot of young Polish Lithuanian and Romanians who seem to have no difficulty getting employment in Dublin AND at the proper wage scale.
the blueshirt "proper wage scale " been minimum wage and 20 people to a 3 bed house no doubt
 

Lumpy Talbot

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No
Another Goldman Sachs placeman. He and his kind of indentured technocrat are afraid of high unemployment among young people around Europe mainly because it would become a hotbed of opposition to his ilk.

The fear of high unemployment among young people and the politics that comes with it is there among Draghi and other attendees of such conferences as the World Economic Forum.
 

Volatire

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True, but are not mobile enough, increase mobility and we could help to reduce this. The Eurozone falsl very short on Labour Mobility, which is a vital ingredient of an optimal currency union, as proposed by Mundell I think. I seem to remembe one statistic from my college days where around 40% of Americans lived and worked outside the state they were born, the figure was only 15% for Europeans.

I would suppose we probably need to increase incentives as well as to improve language ability (particualrly here in Ireland) as well as possibly normalizing through a greater implementation of Erasmus or even school exchange programmes.
Draghi isn't talking about geographical mobility. Mobility can mean moving to the firm down the street or to a distantly related industry.
 

dundealing

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Look at the trade deficit with Asia specially China. There's your answer half that stuff could and should in be made in Europe. They never talk about it.
and you are prepared to pay 10 times the price to buy that item ? , that ship has sailed
 

Volatire

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Another Goldman Sachs placeman. He and his kind of indentured technocrat are afraid of high unemployment among young people around Europe mainly because it would become a hotbed of opposition to his ilk.

The fear of high unemployment among young people and the politics that comes with it is there among Draghi and other attendees of such conferences as the World Economic Forum.
Draghi saved us from a disorderly collapse of the Eurozone.

The ex-Goldman Sachs man is a hero in the highest tradition of great Europeans.
 

Volatire

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Look at the trade deficit with Asia specially China. There's your answer half that stuff could and should in be made in Europe. They never talk about it.
I agree. China has been given a free ride by the globalists.

Make no mistake. Mario's Dublin speech asks some hard questions. If the cost of globalism is mass youth unemployment, then that price may be too high to pay.

It is notable that another great ex-Goldman Sachs man Steve Bannon, reached the same conclusion.
 

randomwalk

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Draghi isn't talking about geographical mobility. Mobility can mean moving to the firm down the street or to a distantly related industry.
I am aware. I am pointing out how a lack of geographic mobility is part of the issue!
 

galteeman

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Draghi is an enemy of the Irish People.

His purpose in coming here is to deceive.

The big agenda is EU federalisation which to succeed of necessity requires the abolition of all Irish national independence.

Deceivers like Draghi will seek to buy influence.
That is how they operate.

He is funded by an EU war chest .

Anybody meeting Mr Draghi should inform him that he is not welcome in Ireland and should leave immediately.
The Irish people have renounced full independence as a failure and have realised that the best way forward is under the supervision and protection of a benign EU. You are going against the will of the Irish people and St. Columban the patron saint of a united Europe.
 

galteeman

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Look at the trade deficit with Asia specially China. There's your answer half that stuff could and should in be made in Europe. They never talk about it.
The Chinese have destroyed their environment with toxins making cheap goods for us. Let them at it!
 

ionsniffer

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kids cant get work because unskilled roles are being taken by those coming from the likes of Poland.
 

galteeman

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I agree. China has been given a free ride by the globalists.

Make no mistake. Mario's Dublin speech asks some hard questions. If the cost of globalism is mass youth unemployment, then that price may be too high to pay.

It is notable that another great ex-Goldman Sachs man Steve Bannon, reached the same conclusion.
The thing with many young folk is that they tend to doss if they can get away with it. If you pay them dole and rent allowance they will gladly take it and spend their early 20ies on the piss. Young ladies will have kids so they can get money and free houses etc. and then spend their 20ies in their pajamas.
Now let us examine what the Germans have done seeing as they have slashed their rates.
'vocational training programs targeted at disadvantaged youth'
The Secret To Germany's Low Youth Unemployment : NPR
They actually offer school kids money to take up training instead of an academic education while in Ireland children leave school so they can get benefits!
 


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