Hubert Burda

Younger generations in particular, who have spent a great deal of time in information environments since they were small children, would feel like a fish out of water if they were shut out of the global stream of information.

Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.