Read it at The Atlantic
With 6.7 million American youth out of work and out of school, the country faces a fiscal time bomb, according to a new report
What Does One Jobless Youth Cost Taxpayers? $14,000 a Year
by Jordan Weissman
(h/t Kevin Fathi via email)
Shocking, although out of paradigm. Just switch "taxpayer cost" to "public cost."
In one year, a single lost youth will cost all taxpayers $13,900. The total cost to the economy is $37,450, with most of that coming from crime -- including the price of cops, courts, and prisons, as well as the cost to victims....
This lost generation will cost taxpayers $437 billion over the next five years, and $1.15 trillion over the course of their lifetime. The total impact to the economy will reach $4.7 trillion over the next few decades.