“A further 67,000 youth (16-24) became economically inactive, bringing the total to 1.016 million, as total numbers of UK unemployed stand at 2.62 million. The unemployment rate of 8.3% is the highest in 15 years, as businesses delay expansion due to low domestic and international confidence at the same time as faster than anticipated cuts to the public sector are resulting in widespread job losses.” (Source: Fresh Business Thinking):
“[The Deputy Prime Minister Nick] Clegg said the figures ‘cannot be ignored’ and the country cannot emerge from the economic crisis without tackling the ‘fundamental problem.’ (Source: telepraph.co.uk)
My Comment: However, it is becoming increasingly clear that more and more people will be without a job in the traditional sense of the word, and we should not think of “what we could invent for them to do and get paid.” As it turns out, the only useful activity is a person’s work on himself and society. Here, there is work for everyone and the greatest, highest, and eternal reward!