When there are a disproportionate number of unemployed youths, the economic recovery process is delayed for future generations, and this seems to be the problem in many countries today. When they can’t find jobs, and can’t afford to go to college, many young adults will continue to live with their parents well into their thirties. In regions hardest hit, fewer will pursue PhD’s in STEM-related fields. In fact, many countries are concerned they are experiencing a national brain-drain as those with scholastic aptitude flee in search of education and employment opportunities elsewhere.
In advanced economies that are undergoing a period of joblessness, college students accrue debt with uncertain repayment capability. …









