The problem - at least in the United States - is not that people can't find jobs. The problem is that they're no longer finding jobs that provide them with dignity and decent social status.
People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society.
It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.