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.