The New York Times reports on how Italy’s labor laws are stealing the future away from young Italians. Labor and pension laws provide older Italians with employment protections and generous pensions. The cost is borne by young people who have less job security and more dismal future prospects as a result.
ROME — Assunta Linza, a bright-eyed 33-year-old with a college degree in psychology, has been unemployed since June, after losing a temporary job as a call-center operator. Her father, who is 60 and has a fifth-grade education, took early retirement with full benefits at age 42 from a job as a workman at the Italian state railway company.
“Everyone said that kids should study to get ahead, but I graduated with highest honors, and the only thing my degree is good for is to hang on the wall,” Ms. Linza said dryly.
Barack Obama’s agenda involves the expansion of union power and entitlement programs. The experience of young people in Italy should provide fair warning of where Mr. Obama’s agenda is taking your future.
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