I spent the past semester living with a host family and studying at IE University in Segovia, Spain. While there, I observed many aspects of the Spanish economy. One phenomenon astonished me: Spain’s high rate of unemployment. According to Eurostat, nearly 20% of Spain’s labor force was looking for paid work in 2016—an astronomical level by anybody’s standards. The unemployment rate in Spain today rivals the levels of unemployment of the United States during the Great Depression. And, … [Read more...]
