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."