Explain deep economic recession

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Condense the following into bullet points, paraphrase and only take the most important information. Bullet point form, must all be paraphrase or else its stealing intellectual property. Watch the youtube video and take information down related to race, class, or unemployment, put these points into another seperated list of bullet points.

For this week we are going to look at the experiences of contemporary young workers across categories of race and class. As you remember from the "Consuming Work" book we just finished, this is where that final chapter left off-- what happens to young workers who don't fit the "brand" image, particularly coming out of a deep economic recession (as we just did).

In 2014 15% of workers ages 16 to 24 are unemployed, compared with 7.3%of all workers. That does not include young people who are not working because they are in school, who are no longer looking for work or who were too discouraged to begin a job search. Unemployment for 18 to 29 year old African-Americans has been as high as 23.8%. For Hispanics it is 16.6%. Those with more education do better but no group is held harmless. Unemployment rates for recent college graduates increased from 3.1% in 2008 to 8% in 2010. (Young people with no high school diploma had 33% unemployment in 2010).

Many researchers have estimated that young workers facing long-term unemployment will lose more than $20 billion in earnings over the next decade. In addition, "youth unemployment....creates an additional cost burden for taxpayers in the form of...the need for government-provided health care, increased crime and additional welfare payments." And perhaps even more importantly, individuals, society and the economy suffer from a generation characterized by poor, little or no work experience. Solutions are complicated because we are part of a global economy and recession, we are shifting to a knowledge-based economy, and unemployment is tied to complex social problems.

So we want to explore this in more detail this week and next week-- culminating in writing assignment (due next week) that you will write to the United States Secretary of Labor. For this week you need to read the following articles:

Reference no: EM133089507

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