Tuesday, January 04, 2011

Mileuristas

It’s official! Mileuristas are the official name for Europe’s unsettled masses, college graduates who are able to earn only 1,000 euros or $1,300 US dollars per month. Similar to here in the states, many have advanced degrees, speak several languages and still live with their parents, due to the global economic

[ Milieu: the surroundings or environment you live in and are influenced by. ]

Many feel the pain of a spiraling economic downturn. The “mileurista” descriptive could definitely catch on here in the US, particularly since austerity is the new global watchword.

Try to name a country with any money. There’s is no money anywhere--except perhaps Germany, which has managed to sustain a solid manufacturing base. The smart money is on China, Africa (take a look at Kenya) and India. US and UK concerns

But, everyone hasn’t counted the mileuristas out, in that today’s global employment universe is literally an educated “gold mind.” To that end, Goldman Sachs has even unveiling an innovative investment vehicle for high-end players, enabling them to invest in Facebook before it’s public offering.

For news about the global economy and world affairs that impact your life on a daily basis, visit:

http://www.bbcnews.com

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