Coming to a country near you
If young people who have played by society’s rules—working hard, for example, to graduate from school and university—find fewer and fewer opportunities to secure decent jobs and the sense of respect that comes with them, society will have to be prepared for outbreaks of anger or even violence. The evidence is already there in the riots that have recently scarred America, Britain, Chile, Egypt, Italy and Spain (to name but a few). As the jobless young resentfully note, the gap between the haves and have-nots in the OECD countries is at a 30-year high, with income among the top 10% nine times higher than that of the bottom 10%.
Among the myriad factors contributing to this market failure, one stands out: a profound disconnect between the perceptions variously held by employers, education-providers and the young themselves.
Dominic Barton in the Economist. It is the last sentence that does it. And I wouldn’t exclude medicine — for all its traditions — from cross examination.