Dropping out of school was the topic of the previous post. One of the reasons dropout is high could be the low quality of education one gets at school. To get an idea of how low the quality can be, just watch this documentary from ABC:

This is an interesting article about the impact of unemployment on the American society. Being Italian, I know all too well what is going on:
- less opportunity for new generations coming into the job market
- increased risk aversion (once you get a job, you hold-on tight to it)
- less innovation in the economy because less young people are willing to take risks starting-up companies
- kids competing with their parents and sometimes with they grandparents in the job market