I just saw this the last part made much of the economiic problem in the U.S clear to me:
Young Americans already face a future defined by an inescapable reckoning. They already tend to look at our grand entitlements as phantoms, as dead entitlements walking. They already know the problem isn’t that we have too few college graduates, but that we — like Tunisia and (gasp!) China, to mention a few — have too many for the market to absorb. And they already know that all the science and math in the world can’t serve to nourish our personal and cultural convictions about the purpose and character of American life in transformed times.
When will Obama’s generation reckon with that?
without avialable jobs we just get very well educated waiters, with a lot of debt in many cases. Again maybe population is a problem.