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Critique

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THE YOUTH UNEMPLOYMENT BOMB
PETER COY
BLOOMBERG BUSINESSWEEK
28 JAN 2011
GOH TING YEE
TUNG YAN YEE
CHONG MAN ZHEN
YEONG WENG ZHI
LOH CHOON YING

Peter Coy is the Economics editor for Bloomberg Businessweek and covers a wide range of economic issues. He also holds the position of senior writer. Coy joined the magazine in December, 1989, as Telecommunications editor, then became Technology editor in October, 1992, and held that position until joining the economics staff. He came to BusinessWeek from the Associated Press in New York, where he had served as a business-news writer since 1985. Before that, Coy worked as a correspondent in the AP Rochester bureau. He began his career at the AP in 1980 as an editor in the Albany bureau. Prior to that, Coy was a reporter for the Waterbury (Conn.) Republican. He has appeared on numerous TV programs, including shows on CNN, Fox News Channel, and MSNBC, among others. Coy holds a BA in history from Cornell University.

In 1981 Bloomberg started out with one core belief: that bringing transparency to capital markets through access to information could increase capital flows, produce economic growth and jobs, and significantly reduce the cost of doing business. Today’s Bloomberg builds on that foundation - everything we do connects decision makers in business, finance and government to a broad and dynamic network of information, news, people and ideas that enables faster, more effective decisions.

Summary
Most countries can’t create an economy to produce jobs for young people and caused a disaffected, unemployment and underemployed society. The younger generation is desperate in finding jobs while adulthood is taking up the jobs and having difficulties in job-seeking since older generation is clinging to the jobs. When these older generation do retire, they will ask for large amount of pensions that younger generation have no choice but to bear with. Youngsters tend to have lesser commitment. They may rebel...

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