Paola Subachhi writes: \u00a0Over the last 20 years, roughly a half-million Italians aged 18 to 39 have moved abroad, especially to more economically dynamic European Union countries such as Germany, France, and the United Kingdom. And those are just the official figures; the actual numbers are probably much higher, possibly more than double. Why are young Italians so eager to leave?<\/p>\n
Young Italians remain deeply dissatisfied with the state of their country and the economic opportunities it can provide. Some 90,000 Italians under the age of 40\u00a0have since left.<\/p>\n
Youth unemployment stands at 39% \u2013 one of the highest rates in the EU and well above the bloc\u2019s average of 20%. With 26% of people under the age of 30 not in school, employment, or training \u2013 the second-highest rate in the EU, behind only Greece \u2013 structural youth unemployment will prove difficult to correct.<\/p>\n
Even those who have jobs have reasons to be unhappy. According to Eurostat, Italy\u2019s young people are among the most dissatisfied with their jobs, with many convinced that the best jobs are reserved for the well connected. And, indeed, corruption still poses a major challenge for Italy.<\/p>\n
Making matters worse, Italy\u2019s economy has been stagnant for years. To be sure, it remains the world\u2019s eighth-largest economy, with a per capita<\/i> income of roughly \u20ac26,000 ($29,300) and a relatively high gross savings rate of 18% of GDP.<\/p>\n
Unsurprisingly, for many young people, emigration seems a better option than unemployment or underemployment at home, where they must rely on support from their families. For the most skilled and best qualified, the chances of building a career in their chosen field abroad are significantly higher than in Italy.<\/p>\n
Not surprisingly, it is Italy\u2019s most qualified who are most likely to leave. This trend began in the late 1980s, with PhDs and researchers who could not find a place at local universities, which are hierarchically controlled, prone to corruption, and starved of funding. Since then many other professionals, from doctors and health-care practitioners to librarians and software specialists, have joined them.<\/p>\n
To some extent, this trend is being offset by immigration, with three newcomers (officially) arriving for every Italian who leaves. For Italy\u2019s demographic balance, this influx of foreigners \u2013 just over five million people, 8.3% of the population \u2013 is a positive development. Not only does Italy have the EU\u2019s oldest population after Germany, with 1.5 people over 65 for every one person under 15; its fertility rate, 1.35 children per woman, is also one of the world\u2019s lowest, about on par with Japan.<\/p>\n
But the limited supply of higher-skill jobs in Italy, compared to other advanced EU countries, also affects migrant flows. \u00a0Those who remain in Italy \u2013 Italian or foreign \u2013 tend to be the least skilled.<\/p>\n
The good news is that Italy, along with its EU partners, has already committed to improving these education outcomes. The European Commission\u2019s Europe 2020 growth strategy \u2013 aimed at creating \u201ca smart, sustainable, and inclusive economy\u201d \u2013 demands that countries reduce by 2020 the share of early school leavers to below 10% and ensure that at least 40% of people aged 30-34 have completed some form of higher education.<\/p>\n
But these goals represent just one feature of an effective strategy for revitalizing Italy\u2019s economy and capacity to attract top talent. Italy\u2019s government must also fulfill its promise of further improving labor-market flexibility and fighting corruption, including in the form of nepotism. Given the headwinds of a sluggish world economy and the legacy of a long recession, however, reforms will be difficult to implement. At the very least, they will take time.<\/p>\n
In the meantime, young Italians will continue to try to build their future elsewhere. Not even a young, buoyant prime minister can persuade them to stay.<\/p>\n","protected":false},"excerpt":{"rendered":"
Paola Subachhi writes: \u00a0Over the last 20 years, roughly a half-million Italians aged 18 to 39 have moved abroad, especially to more economically dynamic European Union countries such as Germany, France, and the United Kingdom. And those are just the … Continue reading