'Lost Generation' in the Global Scale

http://www.abc.net.au/news/stories/2010/08/13/2982810.htm?section=world

As someone born in the baby boom of China, I totally understand how desperate the jobless "lost generation" could be.  This news article attracted me because the title reminded me that not only the Chinese university graduates, but also all the young people worldwide are facing to the same problem: employment difficulty. However, I didn't fulfilled with the information provided by this news article.



Japan already has one 'Lost Generation' of youth during a hiring 'Ice Age' from 1994 to 2004.



The first part of this article introduced that the as the effect of current global economic crisis, " young people except the ones in living in the Europe, are facing to the job opportunity crisis. And political and social instabilities could possibly be caused by this trend. This is a very good and true summary of the some current issues in a global scale and inspired people that some complicated issues has been linked with population.

But how would be political and social instabilities could be caused will be differed from country to country. According to other news article with similar topic, I realised that most Chinese young people might be unsatisfied with the lack of social welfare system because even they can get a junior level job they still cannot  afford their urban life without social financial support. However, some young people in advanced countries might blame the ongoing process of globalization because the relocation of the capital reduced their comparative advantage as labours.

 

Second, it is mainly discussed the 'poerty trap"  focusing on the developing countries. And many government of the poorest countries have offered the training  program. But, how about the the semi-peripheral countries and the developed countries, has there any solution been applied?

With extra readings , I also realised that societies with aging population have been threatened by this job crisis in a more deeper level. For example, Japanese society has very low average fertility rate but Japan already has one 'Lost Generation' of youth during a hiring 'Ice Age' from 1994 to 2004. It means Japanese elder generation are under greater pressures to looking after their grown-up children.

At last part, the future prospect, it indicate the warning offered by the UN, that this crisis will continue. the picture offered by UN in this article described the working person in a farm but without indicating the key messages. However, I really hope I can get some advise and future, professional, deeper analysis from experts. And relative information is linked under this article.