Word: marketized
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Thwarted ambition is not the only problem. One of the dirty little secrets of Spain's boom years was the number of people Spanish firms employed on casual contracts. In an effort to make its labor market more flexible, the country has the highest rate of temporary jobs in the European Union: one in three. The great majority of those "trash contracts," as they're called by locals, go to the young, making them the easiest (read: least expensive) workers to fire. None of this is new. Young people have complained of being mileuristas since Europe adopted the common currency...
...waiting. Last year, a police shooting of a 15-year-old boy in Athens triggered weeks of riots by Greek youth. Some commentators attributed the eruption to anarchist groups, but, as elsewhere in Europe, structural flaws are just as much to blame. "In Greece, all flexibility in the labor market comes from young workers and the evolution of their wages is completely flat, while it continues to rise for people in their 40s or 50s," explains Philippe Askenazy, researcher at the Paris School of Economics. "The Greek problem stemmed from the fact that prospects for young people are more negative...
Getting Students Ready to Work The 1,200 community colleges in the U.S. are especially suited to helping students adapt to a changing labor market. While four-year universities have the financial resources to lure top professors and students, they are by nature slow-moving. Community colleges, on the other hand, are smaller and able to tack quickly in changing winds. They often partner with local businesses and can gin up continuing-education courses midsemester in response to industry needs, getting students in and out and ready to work - fast...
...course, the future of the labor market is hard to predict. Hence a 2008 Labor Department study that found federal job-training programs may produce "small" benefits at best. But the outlook is promising so far at ACC: members of its Renewable Energy Students Association routinely field calls from prospective employers. "I'm well aware of how much money is going to be available from this education," says Duane Nembhard, 34, who dropped out of college but found his way to ACC last year...
...looking to save money on the first couple of years of their children's higher education. Among them is Bruce Anderson, an Austin attorney who has lost nearly a third of his savings since the recession began and doesn't want to sideline his kid while waiting for the market to come back. His son Tyler will start at ACC this fall and, as long as he lives at home, will save the family about 90% of the annual tab at a four-year residential college. "He can get his basic core courses...