Just to reinforce a link posted by Patrick Ainley, you will find a carefully argued and researched piece,

Why young people can’t get the jobs they want And what can be done about it

on the Radicaled site.

The current generation of young people are the most qualified but the most underemployed generation ever. Meanwhile, a third of men and a fifth of women between the ages of 20-34 still live with their parents – in most cases because they cannot afford otherwise. This e-booklet explains why so many young people are unable of get the jobs and the lives that they want. It challenges claims about the growth of the ‘knowledge economy’ and questions the legitimacy of education programmes designed to ‘raise standards’. With the new Coalition government and most policy makers offering almost nothing, save ‘apprenticeships without jobs’ for the masses and ‘internships’ for ‘the squeezed middle’, the pamphlet offers some preliminary proposals to start addressing the problem.

It is available as a free e-pamphlet. Well worth spending some time with.