USA + EU (pop 300 + 500 mil) have approx. 37 mil unemployed (USA 15.1 in Sept, EU 21.9 in August)
Will industrial jobs losses in the US + EU ever be recovered? Time for a major new strategy based on Services, intellectual products + SMEs (small and mid size companies) IMO.
IMO it's time for policy makers to realise that US and EU (and other OECD) economies "are" Services (and intellectual products) and small companies and thus shape appropriate policy mindset.