[quote=spdrun]Plenty of recessions worldwide have been combined with high youth unemployment.[/quote]
The way I see it, there is no good outcome in the medium run: either the population growth continues and we have more people than the planet could sustain it; or we have an aging population and the world’s youth cannot support the increasing amount of global debt:
[img_assist|nid=26439|title=global debt|desc=|link=node|align=left|width=400|height=300]
And while technology is helpful in the long run, it has detrimental effects in the short run because the world now needs less capital and less man power to produce. The first helps to create asset bubbles as money can’t find its productive use. The seconds helps to increase social unrest, as many people can’t find productive use of their time.
