You bring up an interesting point that reminded me of an article I read a week ago about how Germany does the exact opposite (with overall better financial implications):

http://www.economist.com/news/special-report/21579145-ingred...

"Germany managed to avoid a surge of lay-offs after the financial crisis and has done far better than others at getting the young and the hard-to-employ into work.

How did it manage that? Most explanations heap praise on the Mittelstand model and the system of vocational training. Firms such as Storopack or Rösch take on apprentices, mixing practical training with classroom tuition."

Of course, this is NOT the only reason for their current financial prowess in Europe, but a contributing factor