The Pope is concerned about youth unemployment:
Widespread youth unemployment is creating a generation of the jobless, Pope Francis said Monday, setting the tone for a weeklong visit to Brazil that marks the first foreign trip of his papacy.
The Argentine pope, speaking to reporters at the start of a 12-hour flight to Rio de Janeiro, criticized labor markets that he said treated young people as "disposable."
"We risk having a generation that hasn't held a job. Personal dignity comes from working, from earning your bread," the pope said. "Young people are in a crisis."
I have a few suggestions for the Pope. Very humbly offered:
- Eliminate minimum wage laws.
- Eliminate statutes giving unions extra-market power.
- Eliminate financial and administrative burdens for laying-off employees and otherwise restructuring a workforce.
- Eliminate central banking, the root of the boom-bust cycle that has devastated the global economy.
That would be a start.