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26 Oct 11
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04 Oct 10
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young middle-class professionals with good degrees and diplomas are facing a lifetime on low salaries with unrewarding jobs, forever poorer than their parents.
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among tens of millions of Europeans raised to expect that their degrees and diplomas will assure them a relatively high quality of life who are now realising that the world has changed.
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In France they are the 'babylosers' - a term coined by sociologist Louis Chauvel to contrast them with 'babyboomers'.
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They have an average of three years more education than their parents, a worse job and a lower standard of living.
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In 1973, only 6 per cent of recent university leavers in France were unemployed; now the rate is 25 to 30 per cent
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Spain's Socialist government has been forced to cut its 2008 growth estimate to 2.3 per cent from 3.1 per cent.
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Collectively, Europe is richer than it has ever been. Average income has been going up pretty well without a blip since 1945 and whatever the disparities some of that has filtered down to pretty much everybody.'
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13 Oct 08
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22 May 08
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12 May 08
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11 May 08
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Alexander Zehhigh qualifications, low income
economy education europe consumerism future culture society economics
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juremes sssAcross Spain, France and Italy, young middle-class professionals with good degrees and diplomas are facing a lifetime on low salaries with unrewarding jobs, forever poorer than their parents.
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With inflation soaring, property prices sky high, wages relatively static, labour markets gridlocked and sluggish or slowing economies, Nathalie, Lorenzo, Arias and Di Martino are among tens of millions of Europeans raised to expect that their degrees and diplomas will assure them a relatively high quality of life who are now realising that the world has changed. The disappointment is a shock with big political, social, cultural, even demographic consequences.
'I am angry. I know a lot of people who are in the same situation and our qualifications are not being rewarded,' said Arias. For Nathalie, the weekend in her parents' seaside home will leave 'a bitter taste in my mouth'.
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liam odonnell'The big determinant in France now of success is not your educational level but the wealth of your parents, if they can support you during your twenties as you fight your way into a closed employment market.'
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