There have been riots already in 25 countries says the International Labor Organization. And Spain might be next considering there are plans for a general strike this week protesting government policies.
So what does the ILO recommend? Same old, same old:
The ILO recommends three policies for a jobs-led recovery:
• Active labour market policies including work-sharing that target vulnerable groups such as young people, and training.
• A closer link between wages and productivity gains in surplus countries to boost demand and job creation.
• Financial sector reform to ensure savings are channelled to productive investment and the creation of more stable jobs.
Sharing scarcity, more government interference, and buzz words like "productive investment" is about the limit of the ILO - and other labor groups' - imagination. Eventually, those countries that ignore this kind of advice will have vibrant economies again, setting an example that the rest of us should try and emulate.