Bloomberg Businessweek reports that overall European unemployment of young workers under the age of 29 is at 19%. In Spain it's 42% and in Greece 49%. The longer a person is unemployed, the more unemployable he/she becomes.
Three points of view are offered as options to help these people find jobs. Strategies suggested are: gov't vocational training, gov't welfare entitlements, gov't retracting budget cuts.
But jobs must be created by businesses that create wealth. Maybe the strategies that would help are those that empower existing businesses to grow, or enable new businesses to start up.
As one discouraged biomedical physicist/real estate agent in Spain says, an economy that has no use for physicists can't be sustained long term. Somebody somewhere in Spain should come up with a great idea for a biomedical business, and then hire him to help fulfill the idea.
The wealth of a nation depends on its people working to create value/wealth. These people are being wasted. They have talent that their countries need.
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