World Bank Chief: The World May Lose a Generation

April 17, 2011

April 17, 2011

“It’s probably too much to say that it’s a jobless recovery, but it’s certainly a recovery with not enough jobs… Especially because of youth unemployment… There is now a risk that this will be turned into a life sentence, and that there is a possibility of a lost generation,” said Robert Zoellick, as quoted by a recent BBC article (emphasis added).

Mr. Zoellick was using the phrase with poorer nations in mind, but I’m sure that he’d agree that this problem affects all nations in one way or another.

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