Employment in Europe remains well below the pre-crisis level, with time “running out” for a generation of workers “stuck in chronic joblessness or moving between unemployment and low-paid precarious jobs”, according to the OECD. Countries such as Portugal, Spain and Greece could see thousands of its citizens “trapped at the bottom of the economic ladder”, a result which would only “ratchet up inequality yet another notch from levels that were already far too high”.
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