Coincident, today the Managing Director of the International Monetary Fund (IMF) Dominique Strauss-Kahn, at the Conference “The Challenges of Growth, Employment and Social Cohesion” read a document written between the IMF and the ILO, said that “the labor market is in a catastrophic situation” and he recalled that this crisis “has not ended yet,” it has changed the economic structures of the countries and tested their economic models. The report says that the unemployment rate has increased the most in those countries, U.S. and Spain, due to their excessive dependence – and abuse- on the housing sector.
“This crisis, the worst in history, has left an army with no comparison,” Strauss-Kahn said.
The Managing Director of the IMF highlighted that the unemployment among young people in Spain reaches 40%, which doubles the figure before the crisis (end of 2007 and beginning of 2008) and he stressed that if effective measures are not implemented, “we will be talking about a lost generation.”
Strauss-Kahn reiterated that the capitalist crisis is not going to stop, just as unemployment; therefore, he insisted on “the necessity of changing our way to think and our policies.”
“This crisis is not like any other. Game"s rules have changed. This acid test cannot be solved with old recipes,” he underscored."
Here are the thoughts I shared:
I think this is a very interesting situation that worldwide the labor market is catastrophic - youth in many places around the world even after graduating with degrees are not finding jobs....the article says below that it will not be inverted with "old prescriptions" or old recipes.
Interestingly, we have seen as our mission to not only create a success with our "conscious commerce", however also help others through our mentoring and coaching on how to start their own businesses...people will have to become innovative and become entrepreneurs with other like minded people to start businesses that really start to solve some problems and fulfill needs...these are not things readily taught in school which is still somewhat of the old paradigm!
I was just reviewing, summarizing and expanding on my personal goals this week (in with my chickens) and my biggest goal of all is to teach others how to fulfill their own vision and goals, primarily by encouraging them to start their own businesses! The information in this article is evidence, right now, here on the leading edge so to speak, of the reality of not just this country but the situation globally. It is time to take ones own destiny into ones own hands and get at it instead of waiting for jobs and for an economy to come back...it isn't going to come back...the entire financial and economic system based on old paradigms is literally breaking down...yet it is making room for something exciting to emerge to takes its place when seen this way...we are in for a transformative time...and it is time to get smart, nimble, find some genuine needs to fulfill or problems to solve, unearth and express ones own genius...and for any young people the time to start is now by creating visions and goals - and trust that the inspirations for the paths forward will begin emerging instantly!
"Until one is committed, there is hesitancy, the chance to draw back-- Concerning all acts of initiative (and creation), there is one elementary truth that ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one's favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. Whatever you can do, or dream you can do, begin it. Boldness has genius, power, and magic in it. Begin it now." W.H. Murray
"Until one is committed, there is hesitancy, the chance to draw back-- Concerning all acts of initiative (and creation), there is one elementary truth that ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one's favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. Whatever you can do, or dream you can do, begin it. Boldness has genius, power, and magic in it. Begin it now." W.H. Murray
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