I think it's fair to say that it can make a big dent in it. When I was in the United Kingdom during the recession in 2008, they were hit hard. As a student there, I studied for my master's, and no one could find jobs. That's why we created a national charity with the government for entrepreneurships to make sure every campus across the country had entrepreneurial activities at the grassroots level. They continue that today, and it's made a massive difference in that country, and I think it can do the same here in Canada.
On March 25th, 2014. See this statement in context.