Monday, 27 January 2014

Making Costa-economics work

The whole idea youth unemployment could be solved if the kids weren't so precious about working as baristas is of course ludicrous. There simply aren't enough jobs in Europe's coffee bars (or in any other sector for that matter). 

That's unless you engineer a major increase in the consumption of coffee. The EU could issue every european citizen with vouchers for free coffees for the whole year. Coffee bars that accept the vouchers and can redeem them for cash at the EU. The bill could be footed by issuing 'coffee bonds' that are collectively backed by all EU countries. There are probably better ways to solve the problem of unemployment. But this kind of Keynesian 'economic caffeine' would at least work. As opposed to the kind of supply-side schemes that we're seeing at the moment. 

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