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The Youth Unemployment Bomb (businessweek.com)
3 points by petethomas on Feb 3, 2011 | hide | past | favorite | 1 comment


"For decades, Mubarak coped with Egypt's youth unemployment problem by expanding college enrollments. "

It sounds like this has been a problem for many years and is more of a symptom of the style of government than our current economic situation.

" employers might choose to reach past today's unemployed, who may appear to be damaged goods, and pick from the next crop of fresh-faced grads."

I think this really depends on what the unemployed are doing. I'v been unemployed for the last 6 months and I've been working harder on my own projects than when I was actually working. I can put all of these projects on my resume because they directly relate to my industry. If you are just sitting at home playing Xbox, you might have a problem.

"He feels betrayed that he has been unable to find work in his chosen field, "origins of religion.""

Students going into college should really check to see what kind of a demand there is for their degree..otherwise there will be disappointment. This will happen in any economy, not just a bad one.

"If the purpose is to create jobs, as opposed to just filling them, loosey-goosey may be exactly what's needed. Entrepreneurship—with all its guesswork and improvisation—could be the most underexploited means of reducing youth unemployment."

I think this is a great idea, but many people just aren't cut out to start businesses.




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