Archive for the ‘bailout’ Category

Waithood

April 29, 2009

Like many people my age, I’m trapped in the anxious position of post graduate malaise and unemployment.

There’s actually a word for this uncomfortable stage of life: “waithood”:

After graduating from school, meaningful employment opportunities are few and far between, thus affecting other areas of the transition to adulthood, including access to affordable housing, credit, and the ability to marry and form families. When a young person is unable to make a smooth transition to adulthood, he or she is undergoing “waithood”.

In the form of an unemployment spell, waithood can last for several years. The young person lacks information about where he or she is heading and is unable to have a clear sense of what the future might hold. When waiting is accompanied with uncertainty, waithood causes young people to waste their time instead of making the most of their transition periods.
Middle East Youth Initiative

Although the term was originally applied to youth (شباب) in the MENA region, in the context of global economic depression recession, it describes the situation of disaffected shabab all across the world.

But we are not just uncertain. We are also angry.

We’re angry at a society that lied told us a decent job was just a matter of working hard in school and getting good grades.

We’re angry at student loan companies for gouging us with high interest rates.

We’re angry at a government that has no problem “bailing out” multinational banks but won’t “bail out” its own people.

We’re pissed.

So take notice. Because if we get angry enough, we will take to the streets. It happened in Greece. It happened in Iceland.

Why not here?

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