This seems like another argument for Basic Income. A lot of young, jobless people (males especially) isn't only a moral problem, but it's a sociological problem. The young jobless commit more crimes, are more likely to join gangs and are generally more of a drain on society. Giving them an income would remove the social pressure to constantly look for jobs that aren't actually there. People could focus on internships and other productive activities without having to resort to selling drugs to make a living.

Short of full on Basic Income, we could at least continue a much larger version of the government teen jobs program mentioned in the article. Money given to low income youth tends to find it's way back into the economy quickly. Much of the money from a government jobs program would be spent at the mall or walmart, some of which would end up in the hands of vendors and suppliers, which could get spent on apps and web services run by hn users. In short, poor people don't save a lot. Some percentage of our tax money will come back to us.

Capitalism is a great system, but it isn't perfect. The best predictor of future income is parental income. Direct action is the best way to break the cycle.