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Spain’s ‘lost generation’ may alter political dynamics

Thursday, July 6, 2017

Significance

While the country has traditionally struggled to secure good working conditions for young people, the situation has become significantly worse since the 2008-09 financial crisis. Under-30-year-olds are better educated than previous generations, yet have to deal with high levels of unemployment and job insecurity.

Impacts

  • Security concerns elsewhere in the Mediterranean will boost tourism in Spain, creating new -- though often low-skilled and seasonal -- jobs.
  • Brexit could accelerate retro-migration to Spain, affecting both the high-skilled and low-skilled ends of the labour market.
  • Low birth-rates will fuel demographic change, increasing pressure on social security systems.
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