italiy's unemployment rate increasing.
by mfortier on September 17, 2013 - 4:19pm
Mathieu Fortier September 13
Italy's unemployment rate going up
The article ‘’Italy factory jobs disappearing overnight’’ by Emma Jane Kirby posted on September 11th 2013 discusses Italy’s economy. As some may know, the economy in Italy isn’t going very well. The article focuses on the loss of jobs in the country. Many small businesses had to lower their production costs and therefore moved to Poland. A small industry directed by Fabrizio Pedroni decided to relocate its business in Poland during the night when no worker was around. About 30 workers lost their jobs and weren’t even warned. In an interview with the director, he claims that it was the only choice he had because the banks refuse to lend money to small industries. Since 2007, 55,000 firms have relocated or closed creating a loss of half a million jobs. Italy now has an unemployment rate of 12%. Many directors and workers blame the government as the source of the problem because of erratic bureaucracy.
I think that it must be very hard for all of those workers who have lost their jobs. Those citizens will have a hard time finding a new job and many have apartments and houses to pay. If industries continue to move out of the country, soon there won’t be a lot of jobs left and the unemployment rate will keep going up. Therefore, if the government doesn’t do something about the problem, the economy will be getting worse and worse as well. I also understand the population to be mad about this social problem; they lose their job in the blink of an eye and there is a low chance that they will find another one quick enough to pay their bills.