Wendelin von Bredow
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- The Economist21 min
Young, gifted and black: Africa’s next generation
Jason Palmer, Rosie Bloor, Ore Ogunbiyi, Simon Rabinovich, Wendelin von Bredow
Economists dismiss the Department of Government Efficiency's projected $2 trillion savings as structurally impossible given that mandatory spending dominates the federal budget, leaving only discretionary funds for superficial cuts to agencies like USAID. Meanwhile, deep economic distress in Africa drives widespread youth dissatisfaction with democratic institutions and high emigration rates toward Western nations, while Germany's generous sick leave policies generate billions in annual costs for employers without addressing underlying health metrics. These three distinct analyses highlight the friction between ambitious fiscal targets, geopolitical labor shifts, and the unintended economic consequences of social welfare structures.