Why is SPAIN a hell for MILLENNIALS? - VisualPolitik EN
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Spain is hell for millennials... and a paradise for retirees. Young Spaniards suffer the highest youth unemployment rates in the developed world (40%): they are only surpassed by countries such as South Africa, Armenia or the Gaza Strip. They also have the highest rates of temporary work in the entire European Union.
All this explains the enormous economic inequalities. Spain is the third most unequal country in Europe. In this case, the differences between rich and poor are explained by age. Those over 50 enjoy enviable working conditions and some of the most generous retirement pensions in the world. Meanwhile, 30% of those under 18 are at risk of poverty.
How can these differences be explained? Is it possible to change this system? In this video we tell you about it.
“Society grows great when old men plant trees whose shade they know they shall never sit in" I guess Spain didn't agree.
Spaniard here. I'm 30, architect with a master's degree and I've got a job that pays under 14k€ net, working 30h/week. I can't afford to pay rent in my city (Barcelona) or anywhere near (unless I spend the difference with a car and gas), not even working 40h, so I still live with my parents and can't even fathom the idea of moving out. Ironically I'm one of the lucky ones, I got an indefinite contract , enough patience to do my life inside an 8sqm. bedroom and understanding parents that would rather let me save money than kick me out and leave my fate to luck. We're all screwed, there simply isn't enough opportunities here, finding a job, any job, is insanely difficult.
14k per what? A year?
Dude, move to France or Germany (i am from France), you will get paid something like 2300-2500 EUR net
This is sad, do you consider leaving to another EU country for work?
@@philoslother4602 dude, it costs money to move.
I think you have to consider moving to where the opportunities are. I dropped out of University and did a trades program, now I fixed airplanes $81k gross CAD (€56.7K) I had to move across the country (Canada)
In post-Soviet countries, the same problem was in the 90s and early 0s. The problem was solved simply - all the youth left for the European Union, the elderly are dying and the population is declining at a tremendous pace, as young people give birth to children in other countries.
I mean if they stayed they are broke and in poverty anyway. So it has been better
Ironically enough, the 90s and early 00s were actually really good for Spanish youth. Not as good as the 70s, but much better than whatever came after 2008.
Actually Russia declining population is due to WW2. The millions of Russians that died fell disproportionately on those in their early twenties. This created a generational hole where not enough children were born to that WW2 generation. This then creates other holes for the generation of the 60's and the 80's and the 00's and 2020's; this holes exist do the succeeding generations of those ww2 twenty-something's being smaller than the other time periods. This lack of children means more people pass away than are born resulting in a declining population.
@@hannibalusa That's true but an oversimplification. There's also simply women refusing to become pregnant because of the HUGE levels of intimate partner violence. There's also the alcoholism problem among the youth which is a leading cause of death in Russia
its already happening. i am leaving this year for south africa and my street is 99% over 60s. im wondering just WHO is going to pay or look after them >
Spaniard here. This video is accurate in many aspects, but I can assure you that the very vast majority of people aged 35-44 do not make 1.794 € a month (not gross, let alone net) here. Same people aged 45-54. The final question, 'What could incentivise a politician to put Saturn on a diet so that it stops devouring his children?' has a simple answer: nothing. This country has been governed by the PSOE (pseudo socialist party) and the PP (conservatives) since 1982 non-stop. Thus, these two parties have a 'client network' among the boomers and they do not legislate only in favor of the big fortunes but the boomers as well; they vote for them and keep them in power (not that the situation would be much better with any other party, anyway). Moreover, millions of boomers bought real estate back in the seventies, eighties and nineties, before the 1998-2007 housing bubble. They paid off their mortgages in 10-15 years on average. Since the late nineties, most people can't pay off their mortgages in less than 30-50 years. Millions of boomers rent their apartments for 50, 60, 70 or even 100% (in the case of Barcelona or Madrid) of a worker's monthly income. I've met people in their fifties living in shared apartments in my hometown (Barcelona). Young and middle aged people have no option other than working for peanuts, getting sacked every now and then, and live in shared apartmens forever.
>pseudo socialist party >PP conservatives sal a la calle
Come to Portugal, over here 60% receives 705€ per month and the retired population live like kings...most receive 1500 to 200€ with 2 years of discounting to social security.
In fact most vacation areas (permanent residents and tourists) in Portugal are filled with people born in the 50`s...germans, dutch, british, french . All living on retirement from ordinary jobs
@@AntonioFerreira-mx1er I'm near there (Galicia) 😂
Vaya, yo soy venezolano y me alegra mucho haberme ido a Canadá que a España 😂
That's why average salaries are meaningless. Medians, not means, matter. I guess they arrived to the absurd figure by including zero incomes into the average. This wouldn't happen if they simply presented the medians.
Under 25 is actually Gen Z at this point
@@cvillefarmer Boomer generation is 1946-1964 so nearly half of people born in the 60’s are boomers. Yes here in the US. I detect a young boomer who is having an identity crisis lol
@@karlwhalls2915 one day we will be the boomer
@@ogedeh 😞
@@cvillefarmer 1. Generations are made up anyway so it doesn't matter 2. Generations are different in every country 3. "Boomer" refers to the largest population "boom" since World War 2 so since Spain (and Sweden) wasn't (weren't) involved the war their "baby boom" happened much later than those of the victorious allies or even the decimated Axis powers (which were also slightly later than the allies).
Gen Z culture is under 19 tbh
I've made this point before: The National average level of Spanish youth unemployment is 40%. However, when you break it down to regional level you really see the extent of the difficulty. In some regions it is way higher than 40% and when you come down to individual cities, towns and villages it can be truly shocking. I've been to parts of Spain where there are no jobs whatsoever. The funky image of Spain peddled for the last 20 years is a complete myth. It's an amazing country if you have some financial security but is desperate for many. I've seen poverty in Spain that is every bit the equal of poverty in Eastern Europe. Spain has a terrible school dropout rate and those people will struggle to find any job for the rest of their lives. The highest aspiration for many young people is to get a crummy, low paid, job in a café or bar.
Spain is such a historically complicated country though. The boomers have done well but no millennial will have to live through what they had to endure. My Spanish parents in law have some money and assets but they are old school. They had to live through a dictatorship, never had a foreign holiday, never blew money on tapas and never took out anything on credit. Many of the Boomers have paid their dues. I have a home in Andalusia where there was no electricity or sewage system until the late 1970's. Many have had to live until old age to see any benefits. Not every Boomer was born into privilege.
The crazy stories like Telefonica are numerous. In Spain there are no end of them. Let's dig into the issue. The Transition never really happened and the old class privileges in Spain remain until today. Add to that a contemptable political circus who's only priority is to be elected no matter what the cost and we all know the grey vote actually vote for their privileges. Spanish left and right politics has done nothing to transform deeply entrenched problems. The issues facing the young today are enormous and it's not just Spain. However, the image of Spain as a great big happy party persists just as it has since Franco's days which the Boomers had to endure. Spain is an incredible country which I am very fond of but we should not be seduced by the endless Spanish party myth. It's a dreadful cliché.
But it does not matter if young people are educated or not. Spain has never had so many young educated people, but they are mostly underemployed.
As for options.. spanish people keep voting poverty and populism, not that there are good options.. but we seem to like them.
That is no excuse to snuff the younger generation out with self serving pension plans.
Boomers have enjoyed an era of unparalleled peaceful times in Europe since the WWII, where economies boomed and opportunities are abundant. But that is not excuse for them to hoard up the resources and tax dollars.
Lots of countries came out of poverty across the world and are now even richer than the average Spaniard, their boomer generation are enjoying comfortable lives while not needing to snuff out opportunities of the younger generation
The US says "Spain,hold my beer"
@@levidez1 USA's youth unemployment rate is 8%~10% and their GDP per capita is more than double of Spain
It is true. I've just started living in Spain a bit and I have been truly shocked by the level of wealth, employment and education. It is not like a European country, except in a few urban areas, more like a 3rd world african region. I believe it is a lot worse than Eastern Europe. I can't see a solution for this country. It is arid and will get worse, it relies on tourism, it is not investing in its people.
When I was travelling in France by train some time back, the young French guy sitting next to me was working in India and on Indian salary. He said his work experience in India will help him get job back in France in few years. Wow. And he spoke amazing English too. For me, every aspect of this story was beyond imagination.
My husband is French, both he and his brother had to leave France to get good employment. We are in Australia his brother in the US.
France system is practically nepotisme. So unless you are well-connected , just leave.
French wanted 90 minute lunch break Indians need 45 mins
This one reason was enough for French companies to enter India.
Living in Spain 10 years ago, they had a term called 'Mileurista' for highly educated graduates in their late 20s that spoke multiple languages and that earned €1k a month - a dream for many. It seems things didn't get better.
Fun fact: The term "mileurista" was first coined in the early/mid 2000s to refer to someone whose wage was around 1k. Funny enough, it was meant as a pejorative term, as with the economic bubble set up during that era, kids 16 or over would drop out of high school and just ended up working in construction or any real estate agency and would earn more than that. But that bubble burst in 2008, so after 2008, the "mileurista" was seen as someone privileged.
So the tables turn.
I live in Ireland, I meet more Spanish people than Irish most days, young people are fleeing countries like Spain and Italy which are run only for the benefit of the elderly for a place where they are valued and respected.
This is great for us, the country is booming not just financially but also socially and creatively with all the best and brightest young people arriving here. But not for the countries they are leaving, who is going to pay the pensions and health costs of the old in 10 years time when all best the educated and most motivated young people have left?
It was the same in 2011-2013 when I lived in Dublin. Me as a Swede moved for the excitement but the Spaniards and Italians moved there for a better future. I still see that many of my spanish friends remained in Ireland 🇮🇪
Do immigrants in Dublin get by speaking English, or do they need also Irish/Gaelic?
Have you ever heard of accelerationism? It's an ideology that states that to bring change to a shitty system instead of complaining and trying to change it from within ( never works), we should lean into it or abuse it so it breaks as fast as possible to rebuild a better one.
If all the bright young people leave and the money is gone, there will be no money to support boomers and politicians will finally be forced to act.
gov should push for remote work through the internet, establishing local companies for basic industries and finance, enabling new jobs even in remote areas. it makes sense in spain; everyone loves spain in the international community and there are then enough jobs in the whole spanish speakin areas of the world.
Is Spain seeing a net migration of young people moving out of the country? If I was a millennial and I had to feed the elderly this much, I'd move if I had the chance.
Nope, it's the opposite, Spaniards leave, but the British pensioners and especially, people from SOUTH AMERICA come (you can come using ancestral links), and it's a net positively immigration
@@philoslother4602 Okay but a country needs young people to function. Pensioners, British or Spanish, don't pick food, provide health care or work in factories.
If you were a say a Colombian and you had an option to immigrate, aren't there better nations than Spain to move to?
@@philoslother4602 he said "young" people specifically, is there net young people leaving vs arriving?
@@jimmywest8684 Spain is the second destination of choice after the United States for Latin American migrants and the vast majority of Latin Americans in Europe are residents or nationals of this country.[2][3]
After several years of decline since a peak in 2010, the population of Spain born in Latin American has grown again since 2016. In 2019, 3,114,076 Spanish people born in South, Central America or the Caribbean (excluding Puerto Rico) had been legally residing in Spain for the last 12 months, compared to 2,340,247 in 2016 and 2,459,098 in 2010. A majority hold Spanish citizenship.[4][5]
Following the "Law of historic memory" Latin Americans with a Spanish parent (and their descendants) have automatic right to Spanish citizenship, even without residing in the country. This potentially applies to millions of Latin Americans. In addition, all Latin Americans from Spanish speaking countries (and Brazil) qualify for Spanish citizens after two years' residence, regardless of recent ancestry. This compares very favorably to the requirement of ten years' residence for immigrants from other countries.
Read this and you will understand, you can't just move to Germany or France LEGALLY, you will need an EU blue card and getting that is EXTREMELY HARD, + colombians speak spanish (all of them), and many are entitled to get citizenship in Spain and that's why they go there
@@philoslother4602 Oh! I live in Canada so I never knew. Correct me if I'm wrong, but being a Spanish citizen allows you to work anywhere in the EU right? If that Colombian had Spanish history, what's stopping him from working in Belgium apart from the language barrier?
Maybe Spain is simply more open and honest about their contempt for the nations youth.
This is the way
In a twisted manner, that sometimes is the outcome. When a State system built in the 60s and 70s provided cradle to grave policies, arrests a generation of Boomers that have had it very good in terms and conditions. The youth have always relied on the corrupt networks and it is a stratified society.
@@worstchoresmadesimple6259 Well said. It's the same case here in Australia where government policy purely favors those already established Boomers at the expense of the youth.Here Boomers and their predecessors screech about Millennials been entitled when it's actually Gen Xs, me and those who came after were born into an entitlement mentality.
Possibly but that's hardly a commendation.
Can you really blame them? Most young Spaniard advocate for socialism. Would you not be afraid ?
In South Africa (around 70% youth unemployment), not only are many unemployed, but they are unemployable, because of the shockingly bad education in the public school system.
That is a very good point and true for many countries. it should be an episode in its own right.
I know little about SAfrica, other than some fools are trying to take other people's land and divide it up. That is the road to poverty. Prosperity requires property rights. S. Africa would do better by trying to attract low skill industry, like textiles.
@@christianlibertarian5488 Yeah but sometime when a group is more successful economically then a land reform is necessary. For instance, large estates in Bohemia were distributed among the peasants. Of course those peasants were already tenant farmers on those estates, so it worked well. The problem in SA is that the traditional way of life for the blacks is pastoralism, whereas the descendants of the Dutch are farmers.
The only solution for south Africa is a one child policy. They government should start a strong campaign telling people to stop reproducing. You can't keep giving birth to kids you can't feed.
@@millevenon5853 I disagree. The only solution is greater productivity per person. That in turn requires industry. That does require better education, but it also requires a judicial respect for property rights.
If you're a millennial living with your wealthy boomer parents live might be not that bad. If your boomer parents are poor aswell than you have a very hard life as a millennial. You have to provide for multiple people while being shaged. Worse is that millennial don't make children because they can't afford them. It's basically what the system always prioritized short term gains over long-term gains
One of the few solutions to this problem is an increased birth rate but with so many millennials unemployed they will delay having children - making the situation even worse
Well the no birth thing is overall a positive, we have way too many people. But otherwise yes agreed
@@JoBo301 that's true and simply said the people with power think it's not our problem and they are right. That's what's really sad about this situation. If I take a look at the USA and watch the political landscape then it's kinda insane that these older people rise to power they're totally disconnected from the everyday man's reality. Most of them wouldn't known how to google for something. And we have these type of people leading the country. I really hope that when the millennial are in power we go for a much more sustainable model focused on some basic equality. Everybody starts of a live that is livable with the room to excel if you're the type of person that wants to excel. If you want to contribute nothing to society no problem here have your basic package of a roof food and Healthcare enjoy your life but don't complain if you can't afford a nice car or bigger house.
@@Amaling I don't think we have to Many people I think the bigger problem is in how we divide resources.. how we waste resources and how we are focused on keep things as they are instead of focusing on technology to improve our lives.. I mean why does have oil so much power to delay other technologies
@@Amaling We don't have too many people. Today the demographics are on the way for a demographic collapse throught europe, america and most of east asia. The "too many people" quote is outdated to almost every country outside africa and the near east.
This is happening in Portugal to a lesser degree. It got to the point that one of their Prime Minister's (Passos Coelho) told young people to emigrate if they weren't happy.
Ex-Prime Minister.
I bet they did too
Portugal is fuckinf pathetic bro.
Worst fucking infrastructure I have EVER seen in a WESTERN country, and the government automatically tracks your card purchases.
But they're progressive so hey it's alllll okay.
He should've resigned before saying such shameless thing to youth of his country, politicians everywhere smh
The youth will happily watch the country 's default while abroad i imagine. Especially the retired people who will eat grass as it is right.
My heart is sad, my hopes are gone, My blood runs cold. It is like living in a horror movie if you are a highly motivated & entrepreneurial youth.
You live in the EU, whats stopping you from moving to another country like Germany, Estonia and so on.
Sorry if the question sounds a bit rude, I'm just wondering.
Vote with your feet. Move out of socialism.
@@christianlibertarian5488 lol a lot of them move to here in Scandinavia which is more "socialist"
spain is not socialist btw perhaps you should learn what that term means
@@christianlibertarian5488 spain is not socialist lol, giving benifits to a community in exchange for votes is not socialism.
Libertarianism is largely VC socialism that usually ends up with the same old folks pocketing all the value you worked for when it becomes cash out time or you never make it there. The libertarian success rate is 1 wind shield to 99 squashed bugs. It’s great if you’re the wind shield.
I do not live in Spain but in France, the scenario is quite similar, if you can see the french auto company Renault it's the same case with Telefonica. They want to reduce the staff and avoid union's disruptions, after we came young generation, starving for money and growth accepting those third-party contracts with job security in the boomer's hand! Now I wish, I would be 60 years old! it's hard to live a millennial life!
you arent french and look over 30
@@ferbsol2334 oh brother… there’s always someone like you in the comments. Weird guy. 💀
bro just join a state-job
You know...
a cop or firefigther those jobs will never disappear.
Or learn a valuable skill, plumbing, carpentry etc start your own business
@@abcbcacba cry about it
@@ferbsol2334 🤣
in italy it is even worse.We have the highest labor taxes in the world to pay the most unequal pay as you go pension system in the world (we spend 40% of our public expense in pensions,or 17% of our gdp).And all of this is the main cause of our unemployement.That's why every italian under the age of 40 would gladly and rightfully cut pensions to our retired people.
How would old people live then?
@@henriqueesteves7162 the alternative is to depopulate the country by forcing the entire youth to emigrate. Which is against nature. Moreover over 90% of our retired people have a pension calculated on their last retribution. Not their contributions made during their worklife. So they receive far more of what they deserve.
@@henriqueesteves7162 I hope they'd have different tax brackets once you hit 75, because it's really ridiculous how much advantaged they are as compared to younger generations who are inheriting so much debt and taxes, made by them who lived their best lives
@@RagionamentiFinanziari fosse per i pensionati ci tasserebbero a morte in nome dei "diritti acquisiti " e delle loro pensioni retributive.
@@henriqueesteves7162 With the wealth you've accumulated over a lifetime? How is that a question?
Pretty sure in Greece we have higher youth unemployment than Spain and if you consider the THOUSANDS who moved abroad for work this figure could easily be 60% or more.
I am one of the people who moved abroad, the situation is Greece was just intolerable
You contradict yourself. If they moved abroad to work, they are not unemployed.
@@phoenix5054 That's what we're saying we moved abroad to work because there are so many young unemployed people in Greece.
@@phoenix5054 They would have been unemployed if they remained in Greece.
In Spain we found the same solution, export workforce.
Hi Spanish bros i guess you live similar hellish lives like us Turks. Hope everything will be better in both of our countries
I'm a retired U.S. citizen who is living with my future wife in Barcelona. I only have Social Security benefits but I have learned that it's more than the average hard working Spaniard. My fiance's daughter who is 27 and her boyfriend who is 31 are living with us. They are both working but make such poor wages that they cannot afford to live on their own. They contribute a little money to the expenses of our home but that means they cannot save up enough money to get into their own apartment. My son's all have good paying jobs in the U.S. so their wives get to stay home and raise their children. That isn't possible here in Barcelona.
Tell the kids to put money in stocks
With rising inflation stocks will also rise.
Kind Sir. Just to satisfy my curiosity how much do you and your fiancée live on?
@@narendra62 Just enough to keep from losing our place, which means we are living a very frugal life in order not be forced to sell it.
@@banksterkid5930 LOL !!! Try tell that to kids who can't even save up enough money to get their own place to live.
@@BradHolkesvig little by little. They can. Many tech shares are currently valued under $1.. money will grow in next 5-10 yrs. Not trying at all is a mistake.
If they are euro cutizens they can put money in German market.
As a Spaniard zoomer I'll tell you what I'll do. Leave this soul draining boomer paradise and go somewhere I'm appreciated as soon as I get a CS masters degree.
Why leave? Your English seems to be good, stay in Spain enjoy the food and weather, and look for remote work. Plenty of such jobs, especially if you are a programmer/syseng/itsec. Set up a company and do contract work in UK, France, Netherlands or recently even Germany.
@@strayobject it’s called Taxes. Individual countries set their rates. Why would he want to carry on living there only for his money to end up in the pockets of boomers, public servants and the very wealthy? With nothing to show for? In another time that was called indentured Labour.
@@worstchoresmadesimple6259 There are plenty of ways to optimise ones taxes.
@@strayobject oh dear, good heavens. Spain doesn't change for anyone. You get along, then you go along. Part of that process is some serious sucking up. But hey, if you have noble ideas about taxes, excellent.
When you have Department of Equality, rest assured that there will be great inequality.
The Ministry of Equality is a joke. Its only use is to forward a feminist agenda that completely ignores real equality. It's obly based on fighting male supremacy. As if that really existed EVER in Spain.
@@joseantoniodepilares6509 It did exist before the approval of the last Consitution. But yeah, since that particular event, feminism and that particular department are trying to punch a ghost.
There is a high influx of people to Spain: Maroccans (1 mio.), Romanians (1 mio.) and Latinos (800k). These are mostly able bodied people trying to survive in an economy that isn’t very stable. You can say these are usually working poor, but it also means that there may not be jobs for kids and students. For me personally the Football club Real Madrid stands exactly for what’s wrong in Spain too: it has 900 mio € of debts. Debts which are owed to banks whom are then pressing other Europeans to save them. There might be a problem with the mentality as whole: thanks to outside help the rotten system keeps lingering on like in Greece and Italy. There’s no hope but to leave. If not, there will be Italian style of living: three or four generations in one house. Also better not laugh at the Spanish: the demographics and the pensions- problem are very bad in many other countries too. The pensions are also the main driver of high real estate prices everywhere.
Most Romanians work in agriculture, hardly a job that would be appealing to young Spaniards. But I get your point, it skews the labor market. What's more upsetting is that we hear regularly of Romanians being quite literally enslaved on farms in Spain - yes, slaves in the 21st century, the most renowned case was 600 slaves in 2019 - not even in Romania are there such weak labor protections laws or such little oversight. Though agriculture work here pays like shit (22 euros / day before taxes), so people risk it anyway, you'd make ~3x in Spain.
@@DumitruUrsu Exactly. In all likelihood, very few millennial Spaniards would be willing to work the jobs that the average Romanian or Moroccan works in Spain.
@@elidrissii spain needs mandatory military service to teach discipline in young people. Disciplined young people would have no problem working in rural areas and in agriculture.
Nobody is laughing at the Spanish. You can make more here in the US, but you have to work like an animal. 50-60 hours a week minimum and MAYBE 2 weeks a year of vacation if you can actually take it. Plus, everything here is designed to cost you money, so you get on a never ending 60 hour work week hamster wheel that never ends, and you are barely able to save anything.
@@maxjohnson1758 None of that is true…
Spain: get rid of the youth, future generations will thank us 🤪
*NIGGA* 😂😂😂😂😂😂😂
Portuguese here! The same reality exists in my country. Best places for holidays but very hard for a young generation.
As a Spanish-American, I always thought it odd that my cousins would always want to work or study outside of Spain. The most well-off portions of the family all came to the US, which is kinda sad.
This also happens in Portugal.
These are the lost generations.
I moved away from my country (Spain) 7 years ago . I wish I could go back ,every time the idea comes around my head the reality just hit me and it’s sad ,that I have to live away from my family , they getting older and I’m here ,away sending money to them trying to help . And every time I come to visit ,I see the people older and poor and at the same time I see politics and companies getting richer.. The life quality I got now I will never have there and at the same time ,I’m not enjoying my life because I’m away from the people I love . I have lost people this past years when I was away ,people I couldn’t say good bye .
Sorry to hear it. Out of curious, what country did you move to?
I have the same question. Where are you now? Germany?
Yoh, this is sad to read 💔💔💔💔
I am in a similar situation like you. I moved from Croatia to Canada.
@@ZKhweziN you have a nice heart
I'm Spanish. I totally agree with the video. The solution for millennials: leave the country. Many did during the 2008 crysis, and many of them are well prepared university graduates and engineers, working in Germany as waiters and fast food deliverers. I'm a millennial, I chose not to study an university degree because of what was happening: university graduates unemployed, and working in the tertiary sector in Spain. So university would be a waste of money, I thought. Now: I'm an idiot and a coward because I didn't choose to leave Spain when I could, and I didn't study a career when I could. Now I don't have the money, can't find a job (still) and can't leave. I've studied many courses (administration, accountant, computing systems) but for nothing; no jobs available in these areas for someone like me, because they require a minimum experience. So without experience, can't do a thing here. Now my parents and grandparents are getting old, dependent, and I'm their free caretaker. I hope I can abandon Spain soon, now that just two days ago my father became a pensionist and he can look after my grandma and my mother in my place.
Mucha suerte
Living in Paris here. The wages are generally better in France in the range of above 2000€ per month if you have university education but that yet hardly pays for the ridiculous rent in Paris. A simple apartment of 45m2 can cost you upwards of 1800€ per months to rent. That's why it's wise to move in with a friend or move to the suburbs !
If I lived in France, I would find some simple job in agriculture, go to that village and earn more than in the cities, and make a family with 4 children. I would also vote to tax the childless to poverty and ban immigration from at least Africa and outside of Europe. Making children is work, and work that is worth more than 70k€ a year. I don't see why someone with 4 children should live less well off than someone with 0. The childless must be poor.
You could even say it's a "Pain" to live in Spain 😂
I Apologize for being so Pungent.
A pain in the S
Arrêté de te moquer de nous !
"I live in Spain, the 's' is silent" - random TH-cam guy
good one
The only solution for young people is to leave and go where they're treated fairly. Even Germany might not be far enough away, depending on how hard EU politicians work to transfer money from workers to grifters.
all the EU is the same corruption.
@@888ssss of course not, Spain is at verge of a collapse, it's just sorta hidden becasue eastern europe is in even worse situation. Germany has many problems too, but it's a damn good option if you have the chance to move there.
Please please please do a video explaining how this differs to countries with funded pension plans, and explain the difference between pay-as-you-go and funded pension plans (i.e. investing in assets that pay the elderly off their dividends, and investing in the elderly themselves as if they are assets). Funded pension plans mean you can have your cake and eat it too!!! Australia started one in the early 2000s, so it's not too late for the USA!!!
Doesn't the USA already have a funded pension system? Isn't a 401k or an IRA in the USA not exactly that?
Exactly, Sean, capitalism in the West is consuming its young. The hard Left is taking advantage of this.
The side effect though is that you're tying pension plans to those assets which strongly incentivizes the government to make sure the stock market and the real estate never go down in price.
Compulsory superannuation in Australia started in 1991. Defined benefit pension schemes have now become very rare here. We have a means tested age pension as a safety net.
Maybe Spain can learn from the Finnish model where everyone gets the same pension payment instead of 80% of their last highest salary before retirement
And given that life expectancy is now so much higher, retirement age should work itself up to 70+ instead of 53
Dudes teeth. I have a 70 inch 4k and can't unsee what I've seen.
Colgate
Texas is the exact opposite of this. At will work laws means you can fire anyone for any legal reason without severance. Texas has one of the world's most dynamic economies, almost no unemployment and a thousand people moving there a day.
And a massive underclass of working poor who live as if they are in a 3rd world country.
@@Aaron-ir4he Shhh! you're not supposed to talk about anywhere outside of the middle-class neighborhoods within the Austin/Houston/DFW metro areas. Those "other" parts of Texas are only rolling hills, ranchers, and rockets... and NOTHING else ;-)
Yep. Great place to live and work, that is if you are willing to work and have a marketable skill. One of the things I see, and I am retired is that idea I am entitled to that 200K a year job because I got awoke deg from college. When I got out of Flight School, I went to one in Texas, my first job was $ 6 a flight hour. I flew my but off to build flight time so I could go fly canceled checks for 250 a week gross. Did that for five years. It took me almost 20 years of flying before I even saw 50K a year and to get that I had to go to Nome Alaska. Guys like this turd think I owe the 20 somethings something because I worked hard and never took on debt. If asked to do a flyover on the 14 and 14 I would jump at it because that extra 7 days would equal my monthly paycheck and I put every dime of it away. There are People like this Clown in the video that would like nothing better than to take a good junk of my pension that I funded myself and along with other property for the so call reset. If you are a petroleum engineer you can pretty much name your own ticket. Getting that one takes a lot more work than Gender Studies.
Too many people moving here
Generation problem is also serious in Korea. Difference I feel is western millenia is loosing faith to capitalism while korean millenia is becoming more neo-liberals
Why are they becoming neoliberals? It's impossible for young people to own housing in Korea. What benefit would neoliberalism provide?
@@millevenon5853 I will explain by ruling party and housing price.
Leftwing government ruled korea president Roh Mu-hyeon(2003~2008), and his friend, who claim roh's sucessor, president Moon Jae-in(2017~2022).
Neo-Liberal government was president Lee Myoeng-pak(2008-2013).
(There was right wing president Park(2013~2027) but she was far from neo-liberal so I will not mention her)
While 2 leftwing president ruled korea housing price sky-rocketed.
In 2007 president election Lee Myeong-pak who claim abolition of regulation on companies became president.
And guess what? Housing price rising was stopped from his rule and it starts to going down. You may suggest it's due to the great recession caused by Lehman brothers. But at least housing price sky-rocketed during leftwing government and goes down during neo-liberal government is undeniable truth. And one more fact you may note is actually korean economy didn't much suffer from great recession during Lee's rule. While world economy shrinked during 2009 Korean ecomy was surplus growth during 2009.
I also have to explain what leftwing politicians' policy and attitude during Moon's government.
While housing price sky-rocketed during his rule, Moon government implemented a lot of regulations to house prices and guess what it failed.
Also at the same time these leftwing politicians were kind of bad too. I will just mention 2 example but there is a lot more.
Ex1) Moon's government implemented regulations house rent catch the increasing rent price. And guess what, the man who made the regulation in the cabinet increased the rent to his tenant a day before regulations implemented. His exploits revealed by press and he had to resigned
Ex2) Moon said all the man in the cabinet should own single house to catch the housing price and show as an great model to the people. And one women who is candidate for the secretary(I can't remember what branch she was) and who own 3-4 houses at the same time, suddenly resigned
I have a lot to talk about these leftwing politicians . But I will not mention more about them.
Anyway these cases were common and leftwing politicians who often we easily saw on TV had 3 to4 houses at the same time became not shocking at this point. And many millenia who don't own houses starts saw them as hypocrite. Currently many millenia view leftwing politicians as a
' A man who claim capitalism is bad but owns multiple houses and became rich by it. A man blame top 1% riches of korea for inequality and claim strong regulations to there activity but they were top 10% riches of korea and earn money by exploiting regulation they made while at the same time doesn't feel shamed when their exploit revealed to public and still blaming top 1% korea for all the problem'
So Korean millenia starts to loose faith to leftwing agendas and missing the Lee's government. At least they don't say it's a sin to become riches.
So these are my answer and if you have more question ask more I will answer when I have a time
@@user-if9vb4gi3l wow!! This is really amazing information. Thanks a lot for sharing. I just learned a lot about a topic that I didn't know anything about a few moments ago.
@@user-if9vb4gi3l also, if you don't mind me asking, do Koreans in general speak such fluent English or have you lived abroad? And please feel free to ignore my question if it's rude. I'm really just curious and don't mean to offend you.
We all want what we don't have.
I would love to see a similar video on France. What is described here for Spain and Tefonica seems to be exactly what is happening in Orange in France. Orange waits for its boomer employees to retire and subcontracts the meaningful work to either external companies, or Orange abroad.
If they don't like the medium difficulty, they can join the Turkish server for hardcore experience
Nigerian server: "Amateurs"
Lol
Sounds eerily similar to Greece. Especially the part about the ex-public monopoly giants and the salaries and subsequent pensions these employees still get. One of the biggest future liabilities for the state currently is the public power company’s pensions.
Exactly, many people in Greece ended up with huge fortunes just because they had a regular job in one of those ex-public monopoly giants, like the national telecomunications organization (OTE).
Same here in Portugal. Europe has a great future ahead of it, clearly. :(
Europe has no future Merkel and Macron made sure of that Unless you're some rich grifter, who can afford to live in a gated community with private security guards Europe is finished Well, we had a good run It started with the Greece of antiquity, and it ended with crazy people in Berlin and Paris
AS a German I also really don't think the EU will survive the next 20 years
Great video - many thanks to everyone who put this together you guys ROCK. Spain is a harbinger of what will happen throughout the whole of Europe in the coming years, as the new divide emerges between the generations. The costs of pensions and health care will be a massive burden for European Governments and it will be the youth who will bear the brunt of it. With many European Govts so heavily in debt, and along with these increasing long-term liabilities the future looks bleak.
There are millions of poor people in Ukraine and Russia who want to come and work in the EU. Make it easier for them to come and that will increase the workforce and pay for pensions
Exactly, except for the Nordics who actually pre-fund their obligations.
That's not correct - in Czech Republic, we have higher GDP per person than Spain has, then we are the 4th EU country with the smallest divide between rich and poor, we are planning to introduce a new pension system till the end of 2023 and yet our debt is only 42% of our GDP, even after Corona (before Corona it was 31%).. and we are a postcommunist country, so there must be really something bad with Spain..
@@viktornovomestsky3999 Plan, plan. How many such promises did we both have heard? It feels like there is some new plan with every government, and every such plan goes down the drain.
As well bear in mind that intervention of ČNB and low wage policies of governments in last years play role as well, we might have low unemployment rate, but at significant price of lower wages. As well bear in mind that low monetary debt means high infrastructural debt, take in account state of all roads and railways. If important back-up line is in such shape that in half of stations signalman has to go outside and set and lock turnouts manually, we have a problem.
Another problem is in our power production sector that overslept a decade and now we have significant problems coming and nuclear dreams are not the solution, they will came on-line late and you would need much more than one downsized EPR to solve it. In fact you would need 8 EPR blocks to have any solution. We will need more generation located directly at the consumer site. Bear in mind that currently consumers pay some 200 € per MWh, rooftop solar will be about a half, Nuclear can't get, for consumer, under some 150 € per MWh.
We have looming property crisis and nobody has solution (unless it is slivovice, according to chemistry it is a solution), our inability to provide cheaper housing for elderly means that they either blocks flats, often large, or require special assistance with rent, which means additional increase of pensions which is transformed to another burden. We have problem with development as we focus too much on large projects by developers, mainly flats, for some insane reason, and there is virtually no room for private construction.
The result will be importing cheap labour from the 3rd world ... The the middle east does it
I love my Africa,being a Mathematics teacher in remote Namibia is fine with me.
Best channel on youtube , I will definately become a patreon as soon as I start working
I am a 23 year old spaniard working in the automobile industry with a system of week-by-week contracts. Half an hour ago I just signed a seven month employment contract in the Netherlands and it is the first time in 2 years I will have financial stability. Sadly, our best chance is to emigrate. Great video tho! Keep it up!
I only spend time in Spain when I am on holidays or studying. Since I graduated I’ve had a job abroad where decent living is posible for young people.
Seeing Spain from an external and internal point of view I see no possible solution. All these problems are deeply rooted in our system, culture, bureaucracy, politics etc… don’t expect an improvement anytime soon.
Spain is great to do nothing and be on holidays though. Not to make a career.
Ibiza and hot females
Well done Jaime on moving abroad. I am sorry to say this, but Spain is not a country that has had positive policies for Youth Employment.
@@swatteam2002 haha not even that! I went to Russia to find my current girlfriend!
@@jaime3579 interracial all the way
@@jaime3579 aren't Spanish and latino women known for sleeping around too much? The men too
It looks so horrid. As a millennial if I would be living in Spain I would try to conceal my income and pay as little taxes as possible, since the money is going to well established boomers. And the other thing is being organized and try to out vote the boomers, put pressure on politicians. If everything else fails emigrate, en mass and show the boomers a middle finger.
That's exactly what people do here, seriously. Tax dodging is a national sport and "working in the black" is a huge problem
Discovered this great channel.Already subscribed and bell icon pressed.
To the bald guy in the video, the reason that old people here in the United States and everywhere else have more money is because they have worked long and hard to achieve whatever wealth they might have accumulated.
Maybe you should do a video on Romania, always coming up last in any life improvement graph, vaccination rate or whatever
you're progressing fast, just that the start position was very low. be patient
A country having median age 48 will surely face such challenges because everyone is satisfying these pensions voter base
In Croatia 500 000 people have moved out from the country to work and live in EU. Mostly young people and they took their families too. That is a huge number for a small country like Croatia whose population now is under 4 million and with 1.3 million pensioners. First there wasn't no work and it was low paid but now the problem is. There are jobs available but there are no more people to work. Government raised minimal pay 30% in the last 5 years. Young people till age of 25 don't pay any taxes on salaries and people from 25 to 30 years pay only half the taxes. Salaries went up but are still low compared to western EU countries. The government is also offering to pay up to 30 000€ to come back in Croatia and open a business. No positive comebacks yet to this self employment measure. There are worker shortages in almost every sector of businesses. Now we have workers coming from Nepal, Bangladesh, Pakistan working for less money in construction. Workers from Bosnia, Serbia, Kosovo and other non EU countries working for less pay then it should be.
Now when s h I t hit the fan. They want to stop young educated people from moving out of the country. But it's all to late, government just doesn't know it yet.
30 years of lousy politics, bad decision making, lying to the people, no jobs, corruption (white collar criminals).
Technically, Spain is first in EU but Italian millenials have similar perspectives: a less than mediocre future for themselves. Not for our children, though, as we are not making them. Hurray!
He always knows what I'm thinking. Says it several times
🤬 The Irish people do NOT have low taxes corporations have!
From Spain, 100% agreed with this video. Boomers and civil servants are the owners of the public budget. The only solution: leave the country.
Becoming a door to door adult diper salesmen could be the single worst carrer path in Spain considering you'd have to compete with the government and their very generous prince of $0, this dude really should have checked out that fantastic video by the VisualPolitik EN SMH...
A few thoughts came to mind having watching this video: 1) This is already happening in many countries but manifesting in slightly different ways (i.e. the legislative loopholes screwing young people are slightly different). I remember having different friends from France where conditions for each are strikingly different,depending on who they are employed with and under what contract. In Eastern Europe, you could have some of the pensions being relatively higher than wages (older people have this kind of clout when being more consistent voters). 2) The reality is probably even worse when taking into account how young people are often seen as the problem - branded as unambitious for not reaching the same milestone by age of their parents/grandparents (e.g. not having moved out by 18, not bought a house by 25 etc), or alternatively, as lazy not accepting any job even when conditions are such that you would be just on a montly salary (i.e. no other benefits related to pension, healthcare etc) so the more likely consequence out of such loyalty would be a chronic backpain. From personal perspective, Im in a mid-30s now and even when I eventually landed on a job that Im proud to say I do, I also realize that my colleagues that are due to retire in the near future, were starting it 20-25 years ago at around on the same pay/benefits, but obviously prices were way lower back then. This is just substantial but then considering the alternatives among competitor firms,it does feel like a race to the bottom in terms of what they also offer.
Well in my country (Latvia which was besides Spain in reducing poverty) we have a lot of pensions below threshold of survival, where people pay bills, then medicine and if something is left they eat
Same in Romania, in the same time we have some of the highest pensions for govt officials and justice workers
@@mariusmic6573 yeah, one of old govt official made to president and we got to know that even before presidency he had 5x more pension than average salary
Baltic countries are good I suppose
@@karankapoor2701 they have the fastest declining populations
@@millevenon5853 i didn't know that
Hell for Millennials? There aren’t many Millennials under 25.
The millennial generation is typically defined as being born between 1981 and 1996, and its oldest members are turning 40 this year. The Harris Poll survey broke them up between younger millennials (25 to 32 years old) and older ones (33 to 40 years old).
@@FlamingBasketballClub im 32 going to 33 this year. I guess I'm a true millenial!
@@Wolfknight16 Millennials need to unite against this unfair economic system in Spain
What option do the young have? Pretty much only one: leave and go elsewhere. What will the old people do when noone is left to pay for their pensions?
There will always be people left. If migration was that easy then there wouldn't be any people left in Afghanistan Palestine Somalia and whatnot. Spain is a rich country. There are billions of young people around the world who'd pay to have their problems - having to live with your rich parents. Asians live with their parents anyway regardless of what job they have. There are way worse problems to have. Even if all the young people in Spain leave the country (which is very unlikely) young people would flow in from all over the world and happily subsidize their retirees for as long as they live.
@@zetaforever4953 so true. Plenty of Latinos and Moroccans moving to Spain
As a Greek who worked for 5 years in Spain I'd say that the thing there is complicated.
You can earn really good money in Spain in certain jobs, even if you are 25-30. The problem is that there is a lack of skilled individuals in certain fields.
From what I've seen many young Spaniards are school dropouts and in general it isn't considered a priority to attend uni or to learn English.
I thought it was really weird at first since in Greece it's extremely rare to have school dropouts and most young people are uni graduates and have masters.
Spaniard here. I think there are a lot of school dropouts because we see the black future that awaits us. Even after getting an university degree there aren't any jobs to drop to. Most people just starts working for the government or flee to different countries. Spain is a futureless country.
"Since when do you do such a simple analysis?" I've never heard a Visual Politic analysis that's not overly simple.
Great topic, thanks for posting! But please lower the amount of cuts in a video. Such editing almost gave me an epylepsy.
I guess if you're a millenial and you're living with your boomer parents you can get some of the sweet perks the boomers enjoy.
which are those sweet perks?
Sure, many families live on their boomers pensions. I would not call that funny
TEETH WHITENING TOOTHPASTE
So Spain has a "young has nothing and the old have everything" problem. So which country has it right then?
Germany. Even if it is an old country they have low pensions which do not weight too heavily on the youth's back. In fact during covid they have cut pensions as a sign of solidarity between workers who lost their jobs and retired people. The money saved was used to sustain struggling businesses.
Somalia; everyone has nothing equally
@@maverick7291 🤡 your comment history is embarassing 😂
instead of asking these questions on youtube, go make a riot and show that you won't settle for this, take action like all previous oppressed did
AS a German I can tell you WE are a dying Nation. Once the boomers Go Ingo retirement the system will probably collapse
Excellent and accurate but incomplete, Spain also has a huge budget deficit which means that it is living far above its means and pushing the bill down to the next generations. This is why me and my family moved out in 2008.
Economicaly smart choice. Where ever you may be now, I hope life is treating you and your family well
@@dylreesYT I’m in Germany. My family hated me when I brought them here. Now when my kids compare the jobs and opportunities they have here and the situation of their cousins that stayed in Spain they say they don’t want to go back. Very sad because Spain could be such a successful country if it was properly managed!
@@julio5prado every country can be amazing if properly managed. The biggest and most stark example of this is north and south Korea. Almost identical in every way other than one, the south has a good government the north has a terrible one. May be bit of an extreme example, but just goes to show, nothing matters more to the well being of a country than government systems and policies
@@zetaforever4953 you are totally right. In the book “Why Nations Fail” is clear that a country’s success is a reflection of the quality of its institutions, and history proves it. Spain has amazing natural conditions, great weather, food, history and culture and access to 2 seas, it should have it easy but its political and economic culture are really backwards.
@@julio5prado I agree with your latter point. I'm sorry you had to endure the hatred but I'm glad they now appreciate what you had to give up and risk by moving ❤
We have youth poverty problem in Finland also, doesn't matter how much you earn, you will absolutely be decimated by taxation: +20% pension tax, 24% Value added tax (increased to 40-70% in things like gas, cigarettes and alcohol), and of course massive income and capital gains taxes.
I dont believe you. i saw in tv you guys are the happiest person in the world
But how much does average Finn make ?
@@leeche873500e. So if you're middle class your life is just fine. If you can't save from that and live well, you just can't use money. And these are the people also who cry the most despite affording a car and house. For menial job worker it's somewhere between 1500-2000e. For a bluecollar worker it's something between 2000-2800e. Living costs are also high but with 1200e a childless person is keeping their head above water in Helsinki also.
So what the user is saying is not really true. But it is true that we have an elderly problem. Their amount of population has risen a lot and atleast every fourth citizen is a pensioner currently. The estimation of future is what is grimm with birthrates having plummeted to 1.24 so this is the beginning only.
Can you cover Italy too? It has the EXACT same problems.
If it has same issues wouldn't it be copy-pasta video?
If you want to solve the temp problem. The Unions need to include a cap on the number of temps in the contract. In my USW Union workplace, the cap is set at 10%
What if the Union is full of boomers? Why would they want to abolish a system where they get to sit around all day drinking coffee while the temps do all the work?
@@drmodestoesq That's what the laws are for, make sure something happens even if one group does not like it.
'What if the government is full of boomers?' Well, we just have to hope that they will listen to the economists.
'What if the economists are all boomers?' Well, we just have hope that they would see the big picture.
'What if ...boomers?' Fuckit just shoot the all the boomers because they seem to be the devil incarnate and source of all evil in the world.
Spain is an outlier in the world, practically everywhere else boomers are fired first because they are less productive and cost most money for the firm. This leads to the fact that no one wants to hire old boomers because every reason imaginable. Problem very prominent in my country, problem that has been tried to fix for years while not outright favouring one group over another because equality. All measures have pretty much failed at this point. Now government is planning to raise again the pension age putting more boomers in the limbo of not getting emplyed and not being able retire.
Spains problems are unique, there it's the government favouring old people and everywhere else it's economy favouring low paying people (the more they get cheaply, the better). Anywhere else it doesn't matter who or where you are from, as long as you are cheap or just basicly free because government handouts.
Better yet, just say temps must earn 20% more to compensate their lack of security. No need for inflexible regulations, let the market regulate.
or get rid of unions
@@hanksCorner7011 It's already happened. Union membership in the United States peaked in the 1950s at 35 percent. Now for the private sector it's down to 6.5 percent.
Great 👍 video
Ironically more flexibility in hiring and firing can help in economic growth. It is not the only factor. And there are many complex issues discussed as apparent favoring of older generation. What is being described is similar to where Quebec was in the 90s pre and post indepence referendum and now the issue is a shortage of workers and difficulties in recruiting and this has been like this for the past few years. Maybe Visual Politic could do a video on what happened from high employment, strong unions , conventions collectives that favoured boomers to the state today young Europeans ( mostly French, ) and immigrants finding work and companies recruiting overseas.
Get this man some white strips for god sakes edit those yellow teeth i smoke 2 packs a day n have whiter teeth lol
Whitener doesn't work if you're enamel is gone. At all.
@@8bitorgy snap chat filter???
@@charliechan8063 nah man that doesn't work in HD
Can you do a video about why Spain has SUCH low salaries compared to the rest of Western Europe? I think these taxes wouldn't be as much of a problem if young people weren't earning pennies. Those abroad might think "oh but the cost of living is surely lower"... yeah but not at the same rate as salaries. I live in the UK and I was absolutely shocked that 24k is considered a low-ish salary, a "starting" salary. In Spain that's considered a salary that you MIGHT start earning when you're in your 30s. I'm not even from a poor rural area, I'm from Madrid, went to a good school, and my friends under 25 who stayed are either unemployed or are earning 12k if they're lucky. If you look at salary quintiles, there is a sizeable percentage of the population earning 6k A YEAR. I don't know why we have such shit salaries, even among boomers. It would incredibly hard to find people earning above 80k a year in Spain but in the UK it seems to be much more common. What is it? Do we lack enough industry? Enough big corporations? Would even medium-sized companies give us this kind of salaries?
High unemployment means there's more demand in jobs than demand in workers which lowers salaries based on supply/demand
Analysis akin to "go to a field. Look left, look right. See, Earth is flat!"
Both this video and many of the comments below offer some really interesting insights into what Spain has become. I used to travel to Spain quite regularly for work and I did notice on one hand a lot of shiny new EU-funded infrastructure and on the other hand a lot of under-employed people. But I did not get the sense that people were unhappy or feeling resentful. Of course being an outsider it's not always easy to pick up on such things. But that said, Spain could very well be the Eurozone's biggest risk and if something is not done sooner rather than later we could see a much wider fallout that spreads throughout the EU
It's not that 40% of youths don't have jobs. Unemployment is measured as a percentage of people actively looking for work, not as a percentage of population.
The reality is that only 1 in 4 Spaniards under 25 has a job.
The Netherlands do have similar problems (pensionsystem, labour market). Could you make a video about the Netherlands?
Hey Tom,
Just wondering, how do you see the similar problems in the netherlands?
@@Makaash The current pension system is very fragile (1 million employees without a additional pension). There too many temporary labour contracts due to strict privileges of older people. On top of that there is a housing market which is not beneficial for the youth.
Heavy metal music bit as a background to pregnant bellies and young moms with their kids is something I didn't know I needed in my life
To me it was the drum and bass right after "what comes up next will chill you to your bones".
WOW I’ve had to re-view this video 3X - WOW - thank you
He said look at the comment section it would be full of Spaniards. Looks at the comments section 😒 with only 4 comments.
The Spanish version of this video is full of those comments, ig they just prefer to suffer in their language
@@evanytoscano1532 jajaja 🤣
You think Spain is a hell for milenials. Here in Romania most of them want to migrate to westerneurope for better oportunities, or at least some oportunities.
Wish i were Romanian
It's still better than my country (Iran)
@@gorg5494 fair enough.
So Spain has the same issue as Japan but worse lmao
If they had their own currency it would depreciate like crazy, removing the value of these political benefits of the old. Got to love the euro.
TRUTH!!
Please read this carefully: Spain, Portugal, UK and Italy are enjoying a higher economic status than they should, and this has its roots in the Marshall Plan. This is the truth
Yeah, In Hispanic world, we have a popular phrase. Spain without Europe would be Argentina
Spain wasn't even part of the Marshall Plan.
this guy is rich, he got a full set of gold teeth..
Regarding temporary contracts in Spain here's a little anecdote. I work as a business process automation expert and have been tasked with very particular process for HR department of a big company (can't share its name, but let's call it N). That company hired people for ONE week - they would be hired on Monday and their contract would be terminated on Friday. Obviously this meant a lot of paperwork for the HR, hence the need for automation. Ultimately the project died and I never got far into development but just the outlook looked wicked to me.
Even public administrations did that. Once you hire a public employee, their contract is hard rock, they cannot be fired even if they barely work
This is also a similar issue to house prices, anyone that owns a house doesn't want prices to go down, primarily Boomers (who often have more than one) and high earners anyone that doesn't own a house wants them (and rents) to go down so they can afford one usually millennials. If a politician proposes that they find a way to reduce house prices they lose the older vote. For example Australia Labor Proposed limiting negative gearing and raising taxes on share ownership. Lost what seemed like an unlosable election.
My neighborhood is all old couples in 2000 Square feet homes. This is a big problem for many...
Wealth inequality is a poor measure. Yes, by these metrics Spain is as bad as the US, but so is Denmark, so it really means nothing
True. America has huge wealth inequality but very low unemployment
Spending more on old people than children whilst their fertility rate is 1.3 ( replacement is 2.1). Looks like Spain will be on the decline for the foreseeable.
no decline, it will just turn into Cordoba Emirate again
@@Caesar88888 do you mean islamicized?
@@millevenon5853 yes
Humans becoming extinct, how funny 😮💨
@@Caesar88888 but Muslims are included in the fertility rate of 1.3, so unlikely
when i was there in '05-'06 there was a major newspaper headline that read "workers are retiring at age 50"
40% of youth under 25 are unemployed because they are in school. They tried this BS in America back in the day until people started pointing that fact out. Don't let these animals make you hate your grannies. They love you as much as you love them.
So massive social spending with no thought of how to pay for it in the future isn't working? Who would have guessed.
Sounds like a problem for young people to figure out after the boomers all die.
@@calky360 Looks like the current answer is that the young just don't bother to work and just watches as it all burns. Laziest generation on record.
@@RS-ls7mm no they simply emigrate and will gladly watch the boomers die when the country will finally default.
@@marcobonesi6794 I think it funny that the young run away from the leftist policies they so want so badly.
@@RS-ls7mm maybe they want them in the USA. Not in europe. Especially since in europe ,they are the ones who pay for these policies. For the simple fact that retired people are the most numerous voting block.
Living in Spain, this was interesting
So it's basically the 0-hour contract plague. I thought after the UK left the rest of the EU was gonna be straight. In my country 0-hour contracts are basically banned. You can have them once in a while, but out of that they are not allowed.
Where would the money go if it weren't going to its former workers? Billionaires?
Man you think Spain is bad, you should see Greece
I would love to see the statistics on how many young spanish people are leaving spain to work elsewhere, vs other EU countries.
Wouldnt be so bad,when you have Eastern Europe in the Union tbh
I don't know the statistic for that but I know so many Spaniards that work abroad (in my case the U.K) and have no intention of returning. It's not that they don't want to but the work opportunities and terrible pay in Spain prohibit them from contemplating it. They can't afford to start a family or buy property.
@@welshtoro3256 The same goes for Eastern Europe
@@casualcookin3893 Very true and I know many in those circumstances. I have a close Spanish friend that has a Ph.D. married to a Romanian and they are both in that situation. The U.K, despite Brexit problems, is the place of choice for them. Homes and family cannot be contemplated on such poor salaries back home.
how to check this video wasn't sped up, its way too fast
The boomers is living in luxury and then not getting children is selfish
What do you mean?