These rising numbers of unemployment, in particular for the younger generations, will result in long-term “scarring” of the social structures and in particular these upcoming generations (millenials and internet generations), if governments do not react quickly to find countermeasures.
Entrepreneurship as a viable career opportunity must be further emphasized. We must help the younger generation help themselves get out of this without having to sit aside waiting for others to pull them out of the quicksand. However, time is running and it might not be long until it is too late for such measures.
The entrepreneurial bootcamps, workshops and mentoring programs created by The Entrepreneurs' Ship are tailored to the needs of youth in emerging markets and developing countries with the aim to create innovation, jobs and social stability.
Read the full ILO Report here