The International Labour Organization warned earlier this month that the world ran the risk of creating a "lost generation"’ as the number of people under the age of 25 unemployed hit 81 million globally.
"Foregoing this potential is an economic waste and can undermine social stability," Steven Kapsos, the author of that ILO report, told CNBC Tuesday. "The crisis is an opportunity to re-assess strategies for addressing the serious disadvantages that young people face as they enter the labor market."
The Organization for Economic Cooperation and Development (OECD), like the ILO, said the problem is likely to get worse as global growth remains weak.
Stefano Scarpetta, the OECD’s Deputy Director for Employment, Labour and Social Affairs, said millions are at risk of being excluded from the jobs market.
"Long spells of unemployment while young often create permanent scars through the harmful effects on a number of other outcomes, including happiness, job satisfaction and health, many years later," Scarpetta told CNBC.
Pedro De Noronha, the managing partner at hedge fund Noster Capital, said he worries that government support could simply lead young people to sit at home and pick up their government checks.