The Economics of Saudi Housewives and Princes………

     
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Household Economics 101: referring to my last post. The reason Saudi families need so many housemaids is not necessarily that they are lazy. The wife often works, mostly teaching in girls schools, in order to make ends meet. They also need someone to drive the wife to work and back because women are not allowed drive in Saudi Arabia, even women who threaten to breastfeed their Asian drivers (actually those in the news were upper middle class ones). They can’t take public taxis driven by strange men, besides it probably is not safe in the kingdom of many frustrations. They don’t all live in the style of the al-Saud and their retainers. Most middle class families have to borrow even in order to travel for a vacation, most don’t own homes. There are people who are dirt poor under that ocean of petroleum and not far from those princely palaces: that is how the thousands of princes can afford to amass billions.
A report in Arab News today confirms what I and others have written: that overall unemployment is in double digits and that it is about 40% for young adults (20-24). That is a (pre)revolutionary rate of unemployment for young people. Fortyfucking percent unemployment! And only Khaled al-Johani showed up to protest in Riyadh last month and nobody knows what happened to him! Enough to drive anyone from the Arabia Peninsula, whose last name is not al-Saud, to despair.
I shall have more on this point in a coming posting soon: you have been forewarned.
Cheers
mhg




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