Will be on the unskilled young. And this downturn has already begun.
Not too long ago, it was clear that an economic downturn was going to happen - and we wondered how it would happen. Now we know more - we know how it is happening, and who it is happening to.
What do I mean by the unskilled young? The young that have no skills, or training, that employers want. There are also unskilled older people, and they have economic problems. But this hits the young hardest, because they had greater expectations - and they have young families to support.
I can see this in the children of my siblings - my nieces and nephews. They are surviving, economically - but just barely.
I can even see this, in young computer people with mediocre skills - who are better off, because they do have jobs, but they get paid much less, than those with good skills.
They are surviving - but they wonder how much longer they can make it.
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