Spain’s unemployment rate has been significantly higher than the rest of the EU for decades. Recently it has dropped down to 11-12% but it has also had long stints of being 20%+ over the past two decades. Spain seems like it has a great geographical position, stable government, educated population with good social cohesion, so why is the unemployment rate so eye poppingly high?
In: Economics
A guy from Tenerife told me that people qualify for unemployment benefits after they work 9 (or was it 6) months, then they can get payouts for several months. That’s what everyone does, so there’s always a bunch of people who are unemployed by choice. Life there doesn’t cost much.
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