We're closer in views than you might expect. I especially agree about industrial policy and legislation that chokes off business.
Youth unemployment - well I have a lot of opinions about this - and your answer is correct - you up and leave and chase the work, you don't sit around and complain. Part of the problem is that we tell everyone that they're going to have a wonderful career when that is plainly not an option for every school leaver. What should be taught is self reliance and basic financial literacy and let people make their own decisions from there.
As for that unemployed capital - there's plenty of scope to put it to work, but the regulatory environment closes off a lot of options, minimum wages being just one of the factors. It just takes some creative destruction and some new ideas to get it moving again. I don't have any of those ideas (nor any of the capital, for that matter) but I'm sure there are plenty of new things just around the corner.
Youth unemployment - well I have a lot of opinions about this - and your answer is correct - you up and leave and chase the work, you don't sit around and complain. Part of the problem is that we tell everyone that they're going to have a wonderful career when that is plainly not an option for every school leaver. What should be taught is self reliance and basic financial literacy and let people make their own decisions from there.
As for that unemployed capital - there's plenty of scope to put it to work, but the regulatory environment closes off a lot of options, minimum wages being just one of the factors. It just takes some creative destruction and some new ideas to get it moving again. I don't have any of those ideas (nor any of the capital, for that matter) but I'm sure there are plenty of new things just around the corner.