FROM Neil Blumenthal
Youth Unemployment and the Entrepreneurial Spirit Unemployment among people 18 to 34 is a " catastrophe ," according to founder and director Klaus Schwab at his latest economic forum at Davos in Switzerland. His solution is to provide young people with the capability to create their own jobs by encouraging a societal spirit of entrepreneurial risk-taking. It turns out that's exactly what the seriously unemployed generation of young Americans wants to do. So what's holding them back? We hear from one of the conference's young participants and from other "millennials."
Youth Unemployment and the Entrepreneurial Spirit Unemployment among young people in the US is around 16 percent. Elsewhere in the world, it's much higher. No less an authority than Klaus Schwab, the founder of the economic forum at Davos, calls that a " catastrophe ," but one that can be solved by entrepreneurialism. Kids who can't find jobs can go out and create their own. It turns out that "millennials" have the right spirit, but they face obstacles. We hear about student loans, inadequate training and access to capital. Also, how does entrepreneurialism become something more than just selling? We hear from one of the conference's young participants and from other millennials.
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