“Their frustration is tied to the fact that oil, responsible for the lion’s share of economic output, does not employ many people — just one percent of the working-age population, according to the United Nations. And so many residents are forced to look for jobs either in the public sector, which is riven with nepotism, or the private sector, which remains tiny. Thus far, Iraq’s government has looked to spend the vast income from energy revenues on landmark projects — a huge housing community near Baghdad, a football stadium in Basra and an airport near Najaf. New restaurants, malls and shops selling flatscreen TVs and brand new expensive cars are all opening across Baghdad.”
http://www.rawstory.com/rs/2013/03/20/iraqs-people-yet-to-feel-benefit-of-oil-boom/
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