EU sources -IMF sticks to its doctrine in youth unemployment report -December 17, 2014

Jan 21, 2015 - IMF acknowledges that the critical cause of the surge of youth unemployment was the dramatic collapse of output, explaining up to 70 % of the job destruction for young workers in vulnerable crisis countries.

In a staff discussion note on youth unemployment in Europe, recently published by the International Monetary Fund (IMF), the IMF acknowledges that the critical cause of the surge of youth unemployment was the dramatic collapse of output, explaining up to 70 % of the job destruction for young workers in vulnerable crisis countries. However, this does not lead to the vision that a reversal is needed of the IMF and Troika policies that have been applied over the last five years, including the lowering of worker’s protection and cuts in social spending. The paragraph Unclear effects of collective bargaining dedicated to collective bargaining is a mixed soup of neo-liberal wishful thinking and economic reasoning without strong evidence. The paper states, for instance, ‘Firm-level bargaining tends to limit wage increases beyond productivity levels, thereby having less of a negative impact on overall employment and unemployment’.

English: http://www.equaltimes.org/the-imf-s-lack-of-vision-on-youth ...

http://www.imf.org/external/pubs ...

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

EU sources -IMF sticks to its doctrine in youth unemployment report -December 17, 2014

Check Out WageIndicator's Newsletters on Gig Work

News Archive