Europe's New Lost Generation, by Annie Lowrey Foreign Policy: "Most European programs meant to promote youth employment are still in their early stages and could take months or even years to implement. It was only a month ago, for example, that the European Commission recommended that the 27 EU member states create 5 million apprenticeships to help young workers 'ride out the storm' and to train malleable young people for growing job sectors, such as green energy."
It is apparently not only Obama that believes in the green sector. One question is, however, how the problem of paying for pensions is requiring that more people "work longer and harder" as someone expressed it. Having old people work longer and all unemployed youth finding a job simultaneously is really going to demand a lot of jobs. This is going to happen at the same time as the developing countries creates low paying jobs. Lower salaries in the West, anyone? OK, creativity and entrepreneurial activity is a better solution?
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