40 Million People Will Be Out Of Work Next Year, OECD Warns
by Tyler Durden
ZeroHedge.com
06/04/2015
Perhaps the most disturbing, and factual (unlike the IMF’s forecast of Greek 2022 debt/GDP), finding is that unemployment in the OECD region has fallen only 1 per cent since its 2010 peak. In other words, by 2016, the group warned, 40 million people will be out of work, 7.5 million more than immediately before the crisis. 40 million angry people, with little hope of professional realization and lots of free time. Is it surprising why in recent months not a day passes without some mass violence event breaking out somewhere in the world.
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